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What The Job Of An Investment Banker Entails

By Larry Mitchell


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.

The number of degree courses that can prepare one for the job of an IB is big. They include but are not limited to accounting, business, and finance. For those who want to qualify for a position in a company, a bachelor degree is often sufficient. However, there are higher positions that may call for master degree or other qualifications. Business administration programs seem to be favored by most employers since they give students 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 bankers have numerous different duties that basically revolve around linking investors and business that need funding. They structure IPOs to help private companies to go public. Since a lot of scrutiny is placed of IPOs, it is the responsibility of these bankers to make sure the company does not fail. The bankers also offer advice to companies that intend to buy or merge with others in structuring deals. Such companies also need advice on analysis of losses or profits and development of detailed agreements.

When working, these bankers spend most of their time consulting with clients. They also conduct research, create reports, and maintain data in spreadsheets. They are also required to analyze data and give recommendations based on the analyzed data. Additionally, time may also be spent outside the office building industry relationships or meeting probable clients.

As it can be seen, these individuals are usually very busy. Once they are in the office they rarely get time for other things. They work overtime and often have to break from their weekends of holidays to attend to work or clients.

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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