An investment banker is responsible for raising capital for individuals and businesses by issuing debt and trading equity. He/She performs research and reviews financial information and market trends. Similarly, he/she develops and implements financial models to review deals and identify profitability. He/She oversees mergers and acquisitions and supervises private equity settlements. Furthermore, he/she prepares legal and financial documents to complete acquisitions, investments, and purchases. Additionally, he/she helps clients with expanding their corporate and personal enterprises. Also, he/she examines risks and gives financial advice.
The requirements for this job include a bachelor's degree in economics, finance, or a related discipline, a certified financial adviser certification, and three years of experience. Applicants must possess analytical, communication, and time management skills. You must have extensive knowledge about deal structuring, regulations, and closing principles. Investment bankers earn as high as $235,000 per annum. Their annual salary can also be as low as $60,000, with an average of $119,136.
There is more than meets the eye when it comes to being an Investment Banker. For example, did you know that they make an average of $65.46 an hour? That's $136,165 a year!
Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.
There are certain skills that many Investment Bankers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Customer-service skills, Initiative and Detail oriented.
If you're interested in becoming an Investment Banker, one of the first things to consider is how much education you need. We've determined that 69.1% of Investment Bankers have a bachelor's degree. In terms of higher education levels, we found that 19.4% of Investment Bankers have master's degrees. Even though most Investment Bankers have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an Investment Banker. When we researched the most common majors for an Investment Banker, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Investment Banker resumes include Associate Degree degrees or Doctoral Degree degrees.
You may find that experience in other jobs will help you become an Investment Banker. In fact, many Investment Banker jobs require experience in a role such as Vice President. Meanwhile, many Investment Bankers also have previous career experience in roles such as Internship or Finance Advisor.