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Core Investment Banking Jobs To Enhance Your Career Growth

It is not tough to find the list of Core Investment Banking Jobs To Apply For. However, many candidates struggle with searching for roles in the investment banking sector. This is why the below content is prepared to help you note important points regarding the career opportunities and the qualifications required to apply to them. If you are planning to enter the field or have recently become an investment professional, make sure to follow this article and make the best use of it. 

List of Core Investment Banking Jobs To Apply For

Overview of Investment Banking

Investment banking is a part of the financial sector that deals with raising capital for companies, individuals, or governments through the issue of securities. It also offers a wide range of consultancy services to clients. They are the intermediaries between the investors and companies in need of funds who strive to help both parties. 

Some of the commonly provided services in an investment bank are underwriting, mergers & acquisitions, sales & trading, equity research, and asset management. Let us take a superficial look at each of the services. 

Underwriting: It is a process where the investment firms raise capital for a client which could be an institution, corporation, or a government body from the investing entities in the form of debt or equity securities. There are different kinds of advisory services in underwriting and they are planning, timing & demand, and issue structure. 

Mergers & Acquisitions (M&A): Mergers & Acquisitions are part of investment banking operations. It is the combining of companies through different financial transactions including consolidations, management acquisitions, assets purchase, management acquisitions, and mergers. When dealing with a merger, companies allow their board of directors to make a decision.   On the other hand, the board of directors depends on the approval of the shareholders for completing acquisitions. 

Sales & Trading: There are Sales & Trading groups in investment banking and they are considered the clients’ agents. Salespeople take up the responsibility to call institutional investors and inform them about opportunities. Traders are assigned with orders to execute and then advise clients in regards to the two financial positions “enter” and “exit”. 

Equity Research: The team members of equity research carry out analysis to produce reports for clients that help them identify the right investment opportunities. The purpose of equity researchers is to share recommendations with clients and guide them in making a sell decision, buy, and hold options. 

Asset Management: Asset management is nothing but the management of funds carried by investment banking professionals. It covers elements such as derivatives, investment in stocks, and fixed-income stocks. Many asset management products are currently available in the market. You must note that these are managed by professionals individually based on their type.

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Core Investment Banking Jobs To Apply For

Now that we have learned about the services offered by investment banks, let us look at the Core Investment Banking Jobs To Apply For. This will help you get an idea about the hierarchy structure in an investment bank. 

Investment Banking Analyst:

This is one of the Core Investment Banking Jobs To Apply For. A professional who works in investment banks and acts as a link between companies in need of funds and investors in search of lucrative investment opportunities is called an Investment Banking Analyst. They create strategies to help both parties achieve financial success. 

Responsibilities

As an investment banking analyst, you will be expected to perform the below set of duties.

  • Perform due diligence investigations and strategic research
  • Raise capital by issuing debt and also by selling equity
  • Manage private equity placements and IPOs
  • Assist mergers and acquisitions
  • Facilitate corporate restructuring
  • Analyze risk to provide financial advice
  • Prepare models, forecasts, and reports

Requirements and Qualifications

  • Strong analytical skills
  • Excellent communication skills
  • Proficient in using PowerPoint
  • VBA, Advanced Excel, and Excel skills
  • Bachelor’s degree in a relevant field; finance and accounting
  • Ability to meet tight deadlines and deliver work under pressure
  • Passed CFA exams

Investment Banking Associate:

An Investment banking Associate has a supportive role to play in the banks. They are often seen performing research and analysis to help investment bankers who are involved in handling new deals and carrying out crucial financial transactions. They are listed in the Core Investment Banking Jobs To Apply For as they maintain relationships with clients and promote an increased customer base for the firm. 

Responsibilities

  • Develop different kinds of financial models to value equity and debt for capital-raising transactions, mergers, and acquisitions. 
  • Carry out valuation methods
  • Provide recommendations for private equity transactions, valuations, product offerings, and mergers & acquisitions. 
  • Prepare and review materials that are used in financing clients such as management presentations, pitchbooks, and investment memoranda.
  • Build relationships with existing clients and attract new clients for the expansion of business.
  • Perform research, due diligence, documentation of ongoing transactions, and analysis.
  • Create presentations to support client [portfolios
  • Affinity for critical issues, relevant news, and current events,

Requirements and Qualifications

  • MBA or equivalent training or education
  • Bachelor’s degree from a well-reputed educational entity
  • 3 or more years of experience in a business or finance background
  • Complete work with minimal supervision within the deadlines and able to take up additional tasks if required
  • Knowledge of closing principles and deal structuring
  • Strong networking and communication skills
  • Impeccable analytical, quantitative, and research skills.
  • Proficiency in VBA and MS Excel
  • Ability to track and organize overlapping assignments and tasks with regular updates
  • Strong financial modeling skills

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Vice President:

An employee who has the junior most position among the senior bankers is a vice president. A vice president shares his opinions and thoughts on various financial matters with employees in the bank. Many supervisory individuals and clients see a vice president as a person of authority in many departments. No wonder, this designation is one of the Core Investment Banking Jobs To Apply For

Responsibilities

As a vice president in an investment bank, you have to fulfil the below set of responsibilities.

  • Speak to managing directors and directors to know their requirements and accordingly plan the work.
  • Divide work between analysts and associates alongside resolving interpersonal conflicts and disputes
  • Check work done by analysts and associates before sharing it with the managing directors and directors.
  • Speak with potential sellers, buyers, investors, and clients along with dealing with proceed and deal-related requests.
  • Develop relationships with fresh/potential clients and thereby obtain the eligibility to get promoted as a director or senior vice president.

Requirements and Qualifications

  • Bachelor’s degree in a relevant field, preferably economics, business, or finance. 
  • Minimum 5 years of experience in the financial industry
  • Strong grip on regulator environment in a bank
  • Strong analytical skills
  • Excellent communication skills
  • Leadership skills

Director:

A director is also known by the name of senior vice president in an investment bank. It is not a cakewalk to become a director. You have to pass through all the above-mentioned roles to become one. It is a position that is usually filled by an internal employee rather than hiring from outside. If you are a director, you have to directly communicate with some of the high-profile clients to bridge the gap between the team members of the lower cadre and clients. This is a high-ranking role and is one of the Core Investment Banking Jobs To Apply For

Responsibilities

  • Execute M&A deals, structured finance, and end-to-end private equity transactions.
  • Identify investment and business-growth opportunities in the market
  • Create business opportunities in sectors of specialization.
  • Assist lower-level employees in handling mandatory transactions of clients including capital raising, divestitures, and mergers & acquisitions.
  • Develop strategies to restructure/raise resources for clients
  • Make effective presentations to companies
  • Make presentations at industry bodies, seminars, and associations.
  • Work with clients on financial modelling, funding feasibility, restructuring, business planning, project funding, and acquisitions.
  • Build strong relationships with management/promoters of corporates,
  • Motivate and manage teams for the achievement of business targets,

Requirements and Qualifications

  • Professional certifications: CA, MBA, or equivalent degree.
  • Minimum 10 years of experience in investment banking and fundraising activities.
  • Experience in handling teams that are spread across the globe
  • Strong analytical skills
  • Excellent communication skills
  • Leadership skills

Managing Director:

A managing director is the highest position in the investment banking industry. If you are a managing director, you will be the one to look after the profitability of an investment bank. It takes a lot of effort, time, and many skills to reach this level. A managing director stays up-to-date with the deals and other activities that have an economic and political impact on the financial operations of their clients. Many managing directors spend their time engaging with potential investors, soliciting fresh clients, and developing professional relationships. This is one of the Core Investment Banking Jobs To Apply For because managing directors have the chance to demand a raise if the profits of the firm go up.

Responsibilities

  • Utilize the business development opportunities and begin engagements with new clients for the firm in a chosen industry.
  • Develop referral and prospect networks and provide support firm in executing and developing marketing and business development strategies
  • Acquire and maintain in-depth knowledge and expertise in relevant industries.
  • Help teams with a range of transactions including client pitch, opportunity development, the closing of transactions, and opening of transactions.
  • Monitor everyday aspects of client transactions and  relationships along with investment banking teams and act as a primary contact for client engagement,
  • Offer professional, development, mentoring, and leadership for junior staff. 

Requirements and Qualifications

  • Minimum 15 years of experience at a regional or boutique investment bank
  • An impressive history of fee generation through executing, closing, and originating investment banking engagements along with new business development efforts.
  • Good connections with middle market businesses, referral sources, and equity firms.
  • Deep knowledge, transaction history, and expertise in the chosen industry.
  • Record of managing daily aspects of client transactions and relationships along with investment banking teams.
  • Good understanding of complex transactions, M&A processes, deal structuring, creating seller/buyer strategies, and negotiations.
  • High levels of curiosity to solve a firm’s issues and lead it toward success.
  • Bachelor’s degree, preferably MBA
  • FINRA Series 79 or 7

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Easiest Way to Land in Your Dream Roles

Though the qualification section of the Core Investment Banking Jobs To Apply For focuses on the bachelor’s degree in finance and accounting, there is one approach that can help you start your career in investment banking. Are you curious to know the way? Do not worry, that approach is nothing but joining a certification program. Some of the famous and reliable certification courses are shared below for your reference. Choose one to acquire the essential investment banking skills and knowledge to start working as an investment banker and then eventually climb the hierarchy ladder. 

IIM SKILLS:

A certified investment banking course is necessary to make your life easier, especially if your target is one of the Core Investment Banking Jobs To Apply For. The program offered by IIM SKILLS is specifically designed for individuals like you. The 3 months course will not only help you acquire the relevant skills but also expose you to real-life scenarios with the help of case studies and live projects. The practical assignments and feedback are included in the training to allow you to find and strengthen your weak areas. The guaranteed internship will give you an idea about the work culture in an investment firm. Not only that, there are mentors to assist you in building your LinkedIn profile and making an impressive CV. 

Modules:

Module 1MS PowerPointModule 5Technicals of Investment Banking
Module 2MS ExcelModule 6Different Marketing Collaterals
Module 3Financial System and MarketModule 7Technicals of Financial Modeling
Module 4Derivatives MarketModule 8Business Valuation

 

It has connections with some of the leading organizations in the financial industry such as Goldman Sachs, Accenture, TCS, and J.P.Morgan. Availing of the program will allow you to experience additional benefits such as master certification, instructor-led training, full support from mentors, free access to study material, capstone projects, and free interview preparation. And what are you supposed to pay to enjoy these advantages? Just make a payment of ₹ 39,900 (GST excluded). 

Imarticus:

Imarticus offers a certification program in investment banking. This course has a placement guarantee for students. As a student, you have a choice to attend online sessions or offline classes. The best part about this program is that instructors share their knowledge on weekends if you are busy on weekdays. You can join this course if you have 0-3 years of experience in the investment banking industry. Most of the learners of Imarticus are placed in top companies such as UBS, Citibank, RBS, Morgan Stanley, and J.P. Morgan. Highlights of the program are job assurance, career support, industry-recognized certification, live training, and experiential learning. The course syllabus covers financial markets, trade life cycles, and risk management. If you are still not convinced about the effective training schedule, check out the student testimonials.

IntelliPaat:

This entity is one of the top online platforms that offers investment banking courses. An individual who joins this program will be taught major concepts by the faculty of IIT Guwahati. Risk management, stock borrow lending, asset management, and many other crucial concepts in investment banking are covered in this program. You will succeed in becoming one of the most efficient employees in an investment firm if you choose this course. Highlights of this program are faculty support, capstone projects, personal interaction with mentors, soft skill training, no-cost EMI option, certification from IIT Guwahati & E&ICT, and career services. The course curriculum contains 15 modules. Some of the essential elements in investment banking are explained in the classes such as cash equities, fixed income, derivatives markets, corporate actions, asset management, ISDA, reconciliation, collateral management, and trade life cycle. 

Tips to Crack Investment Banking Interviews

We have learned about the best courses and detailed information about the core positions in investment banking. Now, it is time for us to utilize everything to enter the field using effective interview tips. 

Impressive resume: Make a resume that includes all your skills, experience, and accomplishments related to investment banking. Do not overlap the worlds. Make sure that the CV is presentable and has words that describe your profile effectively. Keep the background and font simple. Ensure that there are no spelling mistakes in any part of your CV. 

Job description: Most candidates think that a single resume can be used to apply for all jobs. But that is not the right way to get screened. Read the job description shared with you and accordingly customize your resume. For example, if the role requires you to be independent, mention words that showcase your independence and ability to make decisions on your own. 

Get the interview details: One of the common mistakes made by young candidates is that you do not ask HR about the interview format. It is best to know the number and types of interview rounds to prepare and face the interviewers. If the first round is a group discussion, you can collect statistics and revise the concepts beforehand. Most HR share the complete details including the venue name, timing, and dress code with the candidates. In case, they do not send, a request for the same. 

Be on time: Follow the dress code and reach the venue before 30 mins. Reaching early gives you the time to make yourself presentable and relax your nerves. You can also go through some of the important investment banking concepts and get ready for the rounds.

Answer confidently: The interviewers will ask you a series of questions to test your skills and attitude. Respond to them with confidence and calm body language. If you are unsure about any of the answers, openly admit that you will learn about the subject and be prepared for the next time. 

Ask questions: Most interviewers allow the candidate to ask questions at the end. Make sure you get your queries clarified. You can ask questions regarding the shift timings, the next round of interviews, and feedback to improve yourself. But never make the mistake of discussing the salary structure with the interviewers. 

Professional Courses from IIM SKILLS

Conclusion on core investment banking jobs

Many individuals are looking for Core Investment Banking Jobs To Apply For. The reason for the same is the range of opportunities in the sector. There are different kinds of services offered by an investment bank and aspirants can be a part of any operation. Underwriting, Mergers and acquisitions (M&A), Sales and Trading, Equity Research, and Asset Management are the various areas in an investment bank. You can become an efficient employee in any of these departments. The core investment banking roles are Investment Banking Analyst, Investment banking Associate, Vice President, Director, and Managing Director. 

If you are determined to pass through all these stages of the hierarchy, you can obtain a bachelor’s or master’s degree in the relevant field. The other approach is to join a crash course offered by IIM SKILLS, Imarticus, and IntelliPaat. Applying to one of these programs is not enough to become an investment banker; you must follow a set of interview tips to impress the interviewer.

FAQs related to core investment banking jobs

Q. What are the roles in the hierarchy of an investment bank?

Most investment entities, be they banks or firms, have a linear structure that includes Investment Banking Analyst, Investment banking Associate, Vice President, Director, and Managing Director. These roles are considered the core ones as they lead an individual to the top position of the organization. 

Q. Is there any specific set of services offered by investment banks?

Yes. The commonly offered services at an investment bank are Underwriting, Mergers and acquisitions (M&A), Sales and Trading, Equity Research, and Asset Management. That being said, there are other facilities as well such as advisory services. In simple words, the services provided by an investment bank are proportional to its size.

Q. How can I crack an investment banking interview?

Getting considered for employment by an interviewer is an easy task. It is a cakewalk only when you have the required skills and experience in the industry alongside following the below tips. 

  • Create an impressive resume
  • Read job description
  • Get the interview details
  • Be on time
  • Answer confidently
  • Ask questions

Anuja Maniyala is a intern at IIM SKILLS. She worked as a creative content writer for AADOX and Quoteslyfe in the past. She has identified her passion for writing after working as a banker in some well-known companies like Wipro and HSBC. Her current target is to become an author of a unique and creative self-help book. Her enthusiasm and curiosity to learn about the human mind and behavior makes her different from the rest of the world.

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