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This question is about investment associate.
How long does it take to become an associate at an investment bank?
It typically takes a minimum of three years of work experience to become an associate at an investment bank. While some investment banks, like Goldman Sachs, have accelerated programs that take two years, this is not the norm.
To start a career in investment banking, a person first needs to gain the minimum experience and qualifications. The minimum qualification to become an associate at an investment bank is typically a bachelor's degree in a related field.
An associate at an investment bank assists higher-level investment bankers in providing financial planning services, advising services, and auditing services for their customers. Their work involves providing investment options and assistance in preparing long-term financial goals, estates, taxes, and wills.
This means that to start a career as an associate in an investment bank, a person should have experience and education in finance. This most often comes via a bachelor's degree in finance, economics, or a similar field.
In addition to education and experience, an investment banking associate also often needs to obtain licensure to work in their state. This comes in the form of certification and testing required to ensure that the personal banker has sufficient knowledge and ethical conduct in their position.
Additionally, most investment banking associates need to register with the Securities and Exchange Commission and the Financial Industry Regulatory Authority; however, this typically depends on the size of the investment firm that they work for.
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