investment banker
In the financial sector, there are many careers such as financial planner, financial analyst, Budget analyst and investment bankers. One of the most chosen career paths is investment banking. Investment bankers help clients in raising capital for growing their business. Investment bankers provide advisory services and help companies with making them go public and with mergers and acquisitions.
One of the responsibilities of an investment banker is to create recommendations for companies and to present these recommendations to management and executives of the firm. Investment bankers are responsible to develop financial models to evaluate a company’s financials, they also help firms in choosing projects the help add value to the company like acquiring land or buying fixed assets (capital budgeting). Investment bankers are expected to have very good interpersonal, written and oral communication skill’s as they have to make many project reports. They are also expected to have excellent communication and presentation skills because they have to present financial models and reports of a company to senior executives and clients across the world. Investment bankers are expected to be trusted as they deal with very confidential information about the companies financials statements. They are also expected to have strong financial modelling background as they will be working with big institutions. They are also required to have good number-crunching ability as their job revolves around finance statements. Investment bankers are also expected to have great work ethic, they must be very hard-working and should be able to work for long hours. A typical work week for an investment banker can range anywhere from 90 to 100 hours per week or even more. A typical work day during the week might be from 10 AM to 2 AM. Investment Bankers can also learn coding. They can learn languages like Python and Java just to have an edge over their competitors would make their resume stand out. Investment Bankers are well compensated and earn base salaries that range from 85K$ – 95K$. Full year bonuses for analysts can be 80%-100%.