Investment banks are financial institutions which assist governments, individuals, or corporations in raising financial capital through underwriting or acting in the capacity of agents of clients in issuance of securities. These banks are different from other banks like retail and commercial banks because they never take deposits. An investment banker (IB) refers to an individual that works in investment banks or with divisions of large banks that provide the above-mentioned services.
One can be prepared to work as an IB by training in various degree programs. Some of those degrees include finance, accounting, and business. To qualify, a bachelor degree is usually required at most job positions. Master degree in business or finance may be necessary for higher positions. Business administration programs are preferred by employers because students receive actual field experience.
Graduate and undergraduate programs in this field emphasize proper professional behavior and the importance of understanding business ethics. Other job titles that one can receive upon completing training include financial manager and floor broker. Typical areas covered by the courses include principles of taxation, investing, corporate finance, and accounting. Positions at the entry-level entail individuals training on the job. People who have advanced degrees may start working at the associate level and be exposed to more chances for promotion.
Workers in the US have a bright future. According to the Bureau of Labor Statistics of America, there is going to be a growth of 11 percent in the industry between 2012 and 2022. This growth will affect financial, securities, and commodities sectors. As baby boomers retire from their work positions, they will be creating new demand for specialists in this field.
The duties of these bankers are very many, but typically revolve around creating connections between business in need of financial support and investors. They assist private corporations in going public by having their IPOs structured. IPOs undergo through thorough scrutiny and it is the work of these professionals to ensure that the company passes them. Another specialty of these professionals is in mergers and acquisitions. Companies that intend to merge or buy other companies need the advice of these bankers on structuring the deal. They also need advice on analyzing profits or losses and developing detailed agreements.
Most of the hours these bankers work are spent consulting with customers. Other responsibilities they handle include conducting research, maintenance of data in spreadsheets, and creation of reports. They may be required to do data analysis and offer recommendations. Once in a while they may spend time out of the office to meet probable clients and build industry relationships.
From the work responsibilities of the workers, it is obvious that they are usually very busy. They get into their offices in the morning and spend several hours working. They lack time to rest or social at work. It is typical to work overtime and to break holidays or weekends for work-related issues.
In the year 2013, these bankers has an annual salary of 102, 510 USD. They are paid the basic salary and commissions when they sell products. The annual salary is likely to increase with the position one holds because higher positions involve more responsibilities too.
One can be prepared to work as an IB by training in various degree programs. Some of those degrees include finance, accounting, and business. To qualify, a bachelor degree is usually required at most job positions. Master degree in business or finance may be necessary for higher positions. Business administration programs are preferred by employers because students receive actual field experience.
Graduate and undergraduate programs in this field emphasize proper professional behavior and the importance of understanding business ethics. Other job titles that one can receive upon completing training include financial manager and floor broker. Typical areas covered by the courses include principles of taxation, investing, corporate finance, and accounting. Positions at the entry-level entail individuals training on the job. People who have advanced degrees may start working at the associate level and be exposed to more chances for promotion.
Workers in the US have a bright future. According to the Bureau of Labor Statistics of America, there is going to be a growth of 11 percent in the industry between 2012 and 2022. This growth will affect financial, securities, and commodities sectors. As baby boomers retire from their work positions, they will be creating new demand for specialists in this field.
The duties of these bankers are very many, but typically revolve around creating connections between business in need of financial support and investors. They assist private corporations in going public by having their IPOs structured. IPOs undergo through thorough scrutiny and it is the work of these professionals to ensure that the company passes them. Another specialty of these professionals is in mergers and acquisitions. Companies that intend to merge or buy other companies need the advice of these bankers on structuring the deal. They also need advice on analyzing profits or losses and developing detailed agreements.
Most of the hours these bankers work are spent consulting with customers. Other responsibilities they handle include conducting research, maintenance of data in spreadsheets, and creation of reports. They may be required to do data analysis and offer recommendations. Once in a while they may spend time out of the office to meet probable clients and build industry relationships.
From the work responsibilities of the workers, it is obvious that they are usually very busy. They get into their offices in the morning and spend several hours working. They lack time to rest or social at work. It is typical to work overtime and to break holidays or weekends for work-related issues.
In the year 2013, these bankers has an annual salary of 102, 510 USD. They are paid the basic salary and commissions when they sell products. The annual salary is likely to increase with the position one holds because higher positions involve more responsibilities too.
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