Top 5 Reasons to Choose Investment Banking as a Career in India
Many candidates have a question regarding Investment Banking As A Career In India. A lack of knowledge about the same can make aspiring investment bankers change their minds. Believe it or not many people aren’t aware of the fact there are many investment banks in India. Assuming that there are a few banks dealing with investment operations has made students enter different career paths. This article will put an end to such sacrifices and help students get placed in their dream investment jobs.
5 Benefits of Becoming an Investment Banker
An individual who chooses Investment Banking As A Career In India has the privilege of experiencing five advantages and they are.
- Effective Networking
- Focused coworkers
- Benefits Packages
- Higher salary
- Never-ending improvement
Believe it or not investment bankers communicate with senior officials regarding high-profile cases. Their close working relationships can help them build their career and explore a range of prospects in the industry. The powerful officials can help the investment banker to meet people who are resourceful in assisting struggling investment professionals climb the ladder in a smooth way. In simple words, having a great network will allow investment professionals to explore the best employment options. Why does a potential employer like to reject a powerful reference to hiring an efficient employee? No reason.
Being an investment banking professional is not everyone’s cup of tea. Only individuals with high intellect, hardworking nature, and analytical skills can enter the field and thrive. This means your seniors or coworkers are as good as you at work. As a result, the working environment becomes very cooperative and your coworkers understand and support each other. There will be sharing of knowledge among the team members which will be beneficial for everyone’s professional growth.
Investment bankers get paid a higher salary compared to many professionals in the world. Not just that, they are entitled to a range of perks at the office. The employer offers additional and attractive benefits packages to their employees that include bonuses and commissions as per your track record and banker’s performance levels.
As mentioned previously, investment bankers have a higher CTC than most professionals around the globe. Investment banking being part of the financial sector has better salary options. And the one who chooses this sector gets financially rewarded. Competent employees are offered higher salary packages.
The markets in the financial sector are dynamic. The conditions are never the same. This aspect sheds light on the requirement for the employees to keep learning and acquiring new skills and knowledge to survive in the industry. In simple words, an investment banker will evolve over the years and become more skillful and knowledgeable. They will become adaptable to any situation and can efficiently deal with any challenge.
Simple Ways to Become an Investment Banker in India
One will definitely aspire to transform into an investment banker after reading the above list. Appropriate ways to become an investment banker are
- HSC exams
- Bachelor’s degree
- MBA, finance
- Chartered Course like CFA or CA
- Internships & jobs
Every candidate who aims to enter the investment banking field must and should have passed the 12th std exams. Scoring a minimum of 50% in the exam will give you access to investment banking careers. A basic understanding of accounting, mathematics, computer technology, business, and economics is mandatory for any individual who selects Investment Banking As A Career In India.
Attending a graduate college to gain information about the concepts of accounts and finance can land you an investment banking job. A bachelor’s degree in business, economics, finance, or investment banking-relevant subjects is sufficient for you to get placed in investment banks. Usually, a graduate student has to work as an intern in an investment bank at the end of their education program. This will provide students with exposure to the processes and culture of investment banks.
An MBA program in finance will provide the necessary information related to investment banking to the students. This is why most learners choose a 2-year MBA program with finance as a major subject. The specialization will allow the students to access many companies that have openings for research analysis, financial consulting, and investment banking. Choosing a prestigious B-school is necessary to attain the right amount of knowledge. That’s being suggested also because a well-known college has partnerships with leading companies that provide students with career opportunities in the insurance, finance, and banking industry.
Chartered Course like CFA or CA:
An individual who is a Chartered financial analyst has an easier time finding jobs in investment banks, financial institutions, insurance agencies, management consultancies, and brokerage firms, The CFA program is known to provide in-depth knowledge about corporate finance, economics, fixed-income, financial reporting & analytics, alternative investments, and derivatives. Knowledge about these subjects will make the life of the students easier when they enter investment banks to render their services.
A Chartered Accountant is a designation that fits well in investment banking. A CA is a professional who is proficient in IPO listing, taxation, and mergers & acquisitions along with the relevant skills for the investment banking sector.
Being a part of the programs conducted by ACCA (Association of Chartered Certified Accountants) will be a plus for the student as it lays a strong foundation in accounting principles, financial analysis, and financial management.
Internships & Jobs:
This is no brainer; exposure to the investment banking environment will help the individual quickly grasp the necessary concepts. Engaging in conversations with investment bankers and shadowing their work is the best way to understand how operations are carried out in an investment bank. It is best to keep in mind that you can choose to become an intern through a related educational program like MBA in finance, or a certification program.
There are many online and offline educational institutes that are offering crash and long-term certification courses for aspiring investment bankers. This is one of the easiest and most reliable ways to get an entry pass to access an investment bank. That being said, some companies offer certification programs for their employees to help them thrive in their careers. All you have to do is pick an appropriate means to start working as an investment banker.
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Career Opportunities for Investment Bankers
If you have decided to pursue Investment Banking As A Career In India, get ready to explore a range of career opportunities.
- Financial Planner:
- Equity Analyst
- Financial associate
- Financial advisor
Professionals who deal with banking operations are called bankers. These individuals handle clients of business as well as firms. They take care of managing investment portfolios which includes decision-making for changing operating assets. They are good at offering advice to clients on investments along with assisting them with the management of their accounts. They may be expected to meet clients to discuss a variety of investment-related topics. Bankers are experts who can create perfect financial portfolios as per the customer’s risk tolerance and needs. In some cases, they are requested to approve or reject loans and other linked transactions.
A professional who is accountable for the creation of a client’s portfolio is a financial planner. These kinds of professionals use economical, financial skills, and accounting communication to assist their clients in investment budgeting and planning. Financial planners deal with clients to help them set up accounts in a financial institution or a bank. They are known for managing risk and making other financial decisions for clients.
Equity analysts are professionals who utilize a company’s data to evaluate its stock price and make necessary recommendations. Reviewing an organization’s financial information and researching market trends to determine its worth is part of their responsibilities. They also get involved in the determination of potential sales, purchases, or mergers post conducting research on the financial information of the company’s competitors.
A person who is skilled to share a list of the best financial products with clients is called a financial associate. These professionals are keen on offering advice to clients on retirement plans, investment portfolios, and linked financial products. Clients seek their help to set up accounts, deposit/withdraw money, and create plans for their financial well-being. These employees are highly knowledgeable in almost every area of banking including loan services and assets.
The main aim of financial advisors is to help their clients by providing financial-relevant and useful guidance and advice. They connect with clients to review portfolios and share investment recommendations. Their clients are usually individuals or families that struggle to manage their financial situations.
Salaries for Investment Bankers in India
If you are not sure about pursuing Investment Banking As A Career In India, it is important to know the salary range to make the decision.
The average annual salary of an investment banker in India is 4.4 lacs. The individuals who serve investment banks usually have Rs. 32,343 – Rs. 33,622 as take-home salary in the initial stages of their career. Some investment professionals may begin their career with an annual salary of 1.9 Lacs and may earn up to 25.7 Lacs per year after 10 years of experience in the industry. That being said, earning a higher salary package can only be possible when you have the required skill set; private equity, due diligence, financial modeling, corporate finance, and investment banking.
Institutes Providing the Best Investment Banking Courses
We have discussed career opportunities in investment banking. Now, it is time to learn about educational entities that encourage students in pursuing Investment Banking As A Career In India.
- IIM SKILLS
- IIM Indore
- IIM Calcutta
The institutes in the above list are the best in industry entities having comprehensive investment banking curriculums.
IIM SKILLS is one of the leaders in ed-tech companies. It was founded in the year 2015. The mission of the institute is to offer world-class education for all students at an affordable price. The founder and the directors of the ed-tech company are always in search of on-demand topics and provide upskilling programs to the learners.
- Content Writing Master Course
- Digital Marketing Master Course
- Technical Writing Master Course
- MS PowerPoint
- MS Excel
- Fundamentals of Financial Market and Systems
- Derivatives Market
- Investment Banking Technicals
- Kinds of Marketing Collaterals.
- Financial Modeling Technicals
- Business Valuation
- Master Certification
- Online Live Instructor-led training
- 24×7 support
- Lifetime support
- Capstone Projects
- Interview & Resume Preparation
- Money-back guarantee
Professional Courses from IIM SKILLS
- Financial Modeling Course
- Digital Marketing Course
- SEO Course
- Technical Writing Course
- GST Course
- Content Writing Course
- Business Accounting And Taxation Course
- CAT Coaching
- Data Analytics Course
Fees: Rs. 39,900 + 18% GST
Duration: 2 months
Phone: +91 9580 740 740
Email: [email protected]
Udemy is a platform designed to offer reliable and fruitful courses online. Any individual with internet access can benefit from the courses on Udemy. This medium has a range of courses covered on a variety of topics. As a learner, you can pick a course of your interest. The trending programs on Udemy are usually on the below topics.
- Personal Development
- IT & Software
The most availed courses from udemy are “The Complete 2023 Web Development Bootcamp, The Complete Python Bootcamp from Zero to Hero in Python, and How to Budget and Forecast for Your Business”.
“Complete Investment Banking Course” is the right choice for a student who doesn’t have any exposure to the financial sector as it is helpful in understanding investment banking in and out. As a student, you will acquire knowledge about valuation, financial modeling, PItchbook, DCF, and IB industry.
- Investment Banking Fundamentals
- Discounted Cash Flow Method
- Relative Valuation
- Use of Microsoft Excel for DCF Modeling
- Comparable Company Analysis
- Siemens AG’s Financial Modeling
- Pitchbook preparation
- Creation of Profiles in Pitch Books
- 6 downloadable resources
- Accessible on TV and mobile
- Lifetime Access
- Certificate of Completion
Duration: 33.5 hours (self=paced)
Download the app or visit the website to access the courses.
Indian Institute of Management Indore (IIM Indore):
IIM Indore is a well-reputed business school in India. Its mission is to create socially responsible leaders, entrepreneurs, and managers. It aims to achieve excellence in research, training, and management education. It uses the best teaching methods and student-centric pedagogies. All of this is to become the number one institute that provides emerging trends in management education. Some of the popular courses offered by IIM Indore are
Post Graduate Programme in Management (PGP)
Executive Post Graduate Programme in Management (EPGP)
Fellow Programme in Management (FPM)
It has obtained accreditation from the Association of MBAs, London (AMBA). Post Graduate Certificate Programme in Investment Banking (PGCPIB) is one of the ideal programs for students aspiring to become investment bankers.
- Financial Analysis, Reporting, and Valuation
- Financial Management
- Portfolio Management & Investments
- Investment Banking I
- Investment Banking II
- Merger & Acquisition
- Futures, Options, & Derivative
- Economics Environment
- Finance Spreadsheet Modeling
- Industry Lecture
- Lessons are taught by domain experts
- Course is open to any individual, irrespective of their educational background
- Practical case studies
- Sessions on real-life applications of investment banking/commerce/finance institute
- Practical insights by industry experts
Fees: Rs. 4,79,100
Duration: 12 months
Indian Institute of Management Calcutta (IIM Calcutta):
This institute was established by the government of India in the year 1961. It is a national institute that was founded to promote Research in Management and Post-Graduate studies. The vision of this entity is to be in the top position to provide excellence in every aspect of management education with societal norms and Indian ethics. This business school has curriculums for a range of programs; doctoral, MBA, MBAEx, PGPEX-VLM, CEMS MIM, and executive education.
Executive Programme in Investment Banking and Capital Markets (EPIBCM) is a course that is a specialty designed for students interested in pursuing Investment Banking As A Career In India. This is a program that can skyrocket the career opportunities in investment banking for professionals with 2 years of experience in relevant sectors.
There Are Two Kinds of Modules in the Program Content and They Are
- Financial Accounting and Analysis
- Financial Management
- Debt Capital Markets
- Equity Capital Markets
- Mergers, Acquisitions, and Advisory
- Portfolio Fund Management
- Valuation and Securities Market Research
- Trading and Securities Market Sales
- Securities Market Regulations
Fees: Rs. 4,25,000/- + (Applicable Taxes)
Duration: 12 months
Investment Banking As A Career In India is a dream for many students. The main reason for the same is the presence of effective networking, focused coworkers, benefits packages, higher salary, and never-ending improvement in the investment banking sector.
An individual who chooses Investment Banking As A Career In India can access a range of opportunities. Out of which, a few popular designations are banker, financial planner, equity analyst, financial associate, and financial advisor. Becoming one of these is possible if the
Aspiring Investment Banker Acquires Relevant Knowledge and Skills Through
- HSC exams
- Bachelor’s degree
- MBA, finance
- Chartered Course like CFA or CA
- Internships & jobs
Having knowledge about the ways to enter investment banking is not enough. A student must select the best institute to start Investment Banking As A Career In India.
IIM Indore, IIM Calcutta, IIM SKILLS, and Udemy are the educational entities that have the best investment courses in India. That being said, there are other well-reputed colleges that are focused on training students on investment banking skills. All you have to do is find references or research on the same and pick the appropriate institute for yourself.
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Q. What is the duration of the investment banking course in IIM SKILLS?
The duration of the Certified Investment Banking Master Course offered by IIM SKILLS is 2 months. A month’s internship is guaranteed to expose learners to the investment banking field.
Q. Why is it fruitful to pursue Investment Banking As A Career In India?
There are many reasons to choose investment banking as a career option. Most people enter the investment banking stream as it offers a high salary package, provides an opportunity to network with senior officials, and builds a network to explore hidden career prospects. Not to forget the benefits packages that are appealing and attractive for many employees. It is to be noted that different organizations offer packages as per their policies and guidelines. Anyone who is interested to know the benefits packages can obtain clarity during the salary discussion session before signing the offer letter.
Q. What is the average annual salary for a newbie in investment banking?
The average salary ranges from 3.8 Lacs to 4.0 Lacs for a fresh entrant in the investment banking field. That being said, the salary package depends on the skills of the candidate and the certifications they carry to the interview. Many employers view certifications as a measure of a candidate’s dedication towards career development. No wonder, why many students join online courses and add certifications to their resume showcasing their passion for the stream.