Investment bankers handle various investments, advising clients on investment strategies, mergers, and financial difficulties. A degree in finance, economics, or accounting is required, with some needing an advanced degree. Salaries are above average, with higher grades earning more.
An investment banker is a person who handles many different types of investments and has one of the most diverse job descriptions in the financial services industry. An investment banker can work on mergers, advise clients or his own company. In addition, the banker can help companies that have suffered difficulties to get back on a sound financial footing or can advise clients on investment strategies.
The process of becoming an investment banker is relatively straightforward. It is necessary to obtain a degree in some type of financial services field. The most popular degrees are those that deal with economics, accounting or finance. In most cases, investment bankers will likely be required to have an advanced degree in a banking-related field. There may be some, however, who can work during internships with a bachelor’s degree.
Investment bankers jobs are usually very complex. They involve not only analyzing a customer’s wants and goals, but also the economy and a variety of individual businesses. They can be responsible for a myriad of legal matters such as antitrust issues and takeover laws. They may also be responsible for ensuring that the company complies with regulatory filings as well.
Some investment banking jobs will focus specifically on mergers. These bankers will work with the merger company, explaining why the acquisition would be a good idea and analyzing the pros and cons of the proposal. This will involve not only analyzing both companies, but also demonstrating how the company’s earning potential will become greater in the process. In some cases, these merger projects can take months or years to complete.
Other investment bankers may be responsible for helping companies out of financial difficulties. These individuals may even be appointed by a government to help with reorganizations due to bankruptcy. Others may be hired by the core group of investors who are nervous about a company’s tenuous financial situation. In these cases, the project can last a few months or it can last for years. Those who succeed will be able to hire the company they helped remodel in another capacity.
Entry-level banker salaries are above average for many other jobs. The higher the grade achieved, the more money the individual is likely to earn. In fact, the starting salary of someone with a master’s degree can be double that of an individual with only a bachelor’s degree. So the extra two years in school can be very worthwhile for those interested in this career.
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