An Investment Banking Analyst works as part of an investment banking team in an organization. This is an entry-level role in most entities, reporting to an investment banker.
Much of their work involves building financial models, preparing presentations, conducting financial analysis, risk analysis, and due diligence with the ultimate objective of helping clients make sound investment decisions. They may also be required to meet with clients to ascertain their needs and to provide administrative support to senior members of the team.
Investment banking analysts may be employed in investment banks, stock brokerage firms, or even investment management companies. As an investment banking analyst, you can choose to specialize in a particular field and only work on companies in that industry, e.g., real estate, manufacturing, telecommunication, healthcare, tech, etc.
The working hours for an investment banking analyst are unpredictable. On some days, they work long hours, and on other days they work regular hours. Regardless, they are expected to be on call all the time because urgent requests and emails may come up at any time.
There is more than meets the eye when it comes to being an investment banking analyst. For example, did you know that they make an average of $36.7 an hour? That's $76,338 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many investment banking analysts 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 communication skills, computer skills and analytical skills.
When it comes to the most important skills required to be an investment banking analyst, we found that a lot of resumes listed 16.9% of investment banking analysts included financial models, while 7.3% of resumes included capital markets, and 5.7% of resumes included healthcare. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the investment banking analyst job title. But what industry to start with? Most investment banking analysts actually find jobs in the finance and professional industries.
If you're interested in becoming an investment banking analyst, one of the first things to consider is how much education you need. We've determined that 83.2% of investment banking analysts have a bachelor's degree. In terms of higher education levels, we found that 13.4% of investment banking analysts have master's degrees. Even though most investment banking analysts 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 banking analyst. When we researched the most common majors for an investment banking analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on investment banking analyst resumes include high school diploma degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an investment banking analyst. In fact, many investment banking analyst jobs require experience in a role such as summer analyst. Meanwhile, many investment banking analysts also have previous career experience in roles such as internship or investment banking internship.