Investment banking is one among the fast-growing careers
round the world. So, people who are investment bankers will surely have a
demanding career, there is no doubt in that. Here are a number of the positions
and career paths a peer can choose after through with investment banking
course.
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| Kent Kristensen |
1) Investment banker:
The underwriter is one among the foremost selected paths
among investment banking passed outs. The career of an underwriter will grow
along a good standard path from junior to senior.
Analyst
Associate
Account manager
Director
Managing director
Some of the banks may have different positions representing
their hierarchy. If you are not done with your graduation yet and applying for
a bank job with the aim of landing in a bank analyst, do well, stay consistent
and be interested in staying with the same bank. Because you might get promoted
directly to Investment banking associate.
2) Investment banking analyst:
Mostly these are the people that are undergraduates and yet
take part an Investment bank for a two-year intern program.
After two years of working, top-performing analysts are promoted
for third year then on to associate. Analysts are the beginner of the hierarchy
chain of Investment banking and that they affect majority of the work. The
primary tasks of analysts are presentations, analysis, and administration.
Analyst spends a lot of time preparing the ppt's called pitch
books. These ppts are helpful to the clients. It requires a lot of patience.
Another most important task of the analyst is analytical work. These people are
expected to perform in front of clients using their reports which were made by
them. The third main task is administrative work. Such as Scheduling the daily
work and setting up the conference calls and meetings arranging the travel
schedule and many more things. Because it gives you an opportunity to feel how
your client exactly feels and check out to win their business.
3) Investment banking associate:
These people are usually recruited directly by MBA programs
or analysts who were promoted. To be frank, most of the bankers will be at the
associative position before they are promoted as vice president. These
associates are classified into three types
First-year or class 5
Second-year or class 6
Third-year or class 7
The number of years that takes to urge promotes because the
vice chairman completely depends on the bank. It could be more than three years
if there is no need for the new vice president for the bank.
The associate should make a choice to remain at this working
bank or to go away the bank and await other opportunities. The role of an
associate is as almost like the analyst role but with a much bigger
responsibility.
4) The senior bankers:
The primary task of the senior banker is to take care of a
healthy relationship. Apart from maintaining good relationships they also tend
to anticipate some of the important deals in the banking sector. They mainly
anticipate deals like economic environments shift and when there is a need to
raise the capital. By fulfilling such needs, they're most liable for bank
development and growth.
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