The main idea to discover in Investment Banking 101 is to define what investment banking really is. Simply put, an investment bank is a financial organization that guarantees government sectors and companies that issue securities such as bonds, stocks, and treasury bills. They also provide brokerage services and financial solutions or advisory services for various companies and clients. These banks manage mergers, acquisitions, private equity placements and corporate restructurings. These investment banks basically only work with certain types of clients and generally do not offer their expert services to individuals or even small businesses. For small businesses and personal transactions, they should look to a commercial or private bank.
There are two types of companies or partnerships in the world of investment banking. The first is called the arched support force. These large support companies actually have between 15,000 and 50,000 employees worldwide. The second type of business in the investment banking industry is known as a boutique business. These boutique businesses employ only between 500 and 3,000 people. People would find that working for one of the large support companies is very different from working for one of the boutique companies. Of course, because people have different ideas and preferences, different people have different prejudices about the type of business they want to be.
As with anything else, you can learn how to find a job in the investment banking industry before considering it as one of the many career options. The minimum you need is, of course, a bachelor’s degree. This is actually a requirement, but MBA degrees are preferred by many organizations. An important tip in Investment Banking is that it is strongly recommended that you do a summer internship before moving on to the final year. It would be better if you could do an internship with the company the person wants to work for after college, if possible. It’s only natural that the best internships are highly competitive, if not difficult, as HR or recruiters often prefer to choose from all of their summer interns when they fill a vacant position. The goal of each summer intern is not only to gain work experience in their chosen fields, but also to try to get a job offer that they are available immediately after graduation.
Another important thing to understand about Investment Banking is the career structure. That way one could set goals and try to pursue the chosen career in the best possible way. New graduates with a bachelor’s degree begin primarily as investor analysts. From there, after completing their master’s degree, they would take a managerial position as an investment banking clerk. These employees could of course make more money and rank higher than usual investment bank analysts. Once someone passes the associate level, the next one moves up to the vice president level, followed by the general manager level. There really is a huge opportunity to advance your career as an investment banker. The most important step towards a bright future is getting the right education and training to fuel your career in investment banking.