1. University of Pennsylvania
Philadelphia, PA • Private
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 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.
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.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, an investment banking analyst can determine their career goals through the career progression. For example, they could start out with a role such as finance analyst, progress to a title such as controller and then eventually end up with the title chief finance and operating officer.
What Am I Worth?
The role of an investment banking analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general investment banking analyst responsibilities:
There are several types of investment banking analyst, including:
An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.
Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.
The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?
You know how it's smart to invest your money? Well, the brains behind that operation is a finance analyst. Essentially, they're in charge of advising and supporting investment decisions of individuals and businesses.
Most finance analysts work full-time, but some work even more than that. The typical finance analyst enters the career having earned a bachelor's degree. With the extra education, employers tend to invest a lot of their dime to pay finance analysts. So having the higher education definitely pays off.
We have all heard of the banking crisis which led to the stock market crash in 2008. The Federal National Mortgage Association, purchasing risky mortgages from banks, and banks in turn repackaging them into mortgage-backed securities (MBS) for investors to purchase. The relaxing of the lending standards offered loans to those who could not afford them. Eventually, when house prices decreased, highly leveraged banks and investors got affected, due to borrowers defaulting on their loans and, thus, bursting the bubble.
Determining the creditworthiness of a borrower is the duty of a credit analyst. Basically, they are in charge of determining your default rate. Daily, a credit analyst will be tasked with assessing financial records, such as earnings and savings, perform account reconciliations, develop data programming, and manage underwriting guidelines. Besides that, they also create portfolio management strategies, write reports, and analyze market factor correlations.
Employers require credit analysts to have a bachelor's degree that is business-related, such as finance, accounting, or economics. A degree in mathematics would also be accepted, if you can also demonstrate fundamental business knowledge. A credit analyst earns, on average, $28 per hour and this position is suitable for those who have strong analytical skills.
Mouse over a state to see the number of active investment banking analyst jobs in each state. The darker areas on the map show where investment banking analysts earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
San Diego, CA • Private
Boston, MA • Private
Stony Brook, NY • Private
New York, NY • Private
Notre Dame, IN • Private
Minneapolis, MN • Private
Stanford, CA • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.3% of investment banking analysts listed financial models on their resume, but soft skills such as communication skills and computer skills are important as well.
Zippia allows you to choose from different easy-to-use Investment Banking Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Investment Banking Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Investment Banking: M&A and Initial Public Offerings
This course focuses on examining various practical applications of the fundamental financial analysis and valuation techniques employed in the investment banking industry. Specifically, we will examine how to analyze how a private equity firm or other financial sponsor completes a leveraged buyout of a company, how a public company analyzes the impact of acquiring a company on its earnings per share, and how a company completes an initial public offering. The course will benefit anyone who...
2. Investment Banking: Financial Analysis and Valuation
This course will provide students the key building blocks required for a career in investment banking, valuation, and other corporate-finance focused fields. It is designed to provide a practical application of financial statement analysis and valuation techniques commonly performed by industry professionals. The course has two major parts. The first focuses on the foundational elements of financial statement and ratio analysis. The second applies the financial statements and forecasts within...
3. Investment Banking: The Complete Financial Ratio Analysis
Investment Banking For Investors & Financial Analysts - How to Perform Financial Statement Analysis & Company Valuation...
Some places are better than others when it comes to starting a career as an investment banking analyst. The best states for people in this position are California, New York, New Jersey, and Connecticut. Investment banking analysts make the most in California with an average salary of $102,980. Whereas in New York and New Jersey, they would average $94,980 and $91,657, respectively. While investment banking analysts would only make an average of $87,057 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
3. New Jersey
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
You can be a good investment banking analyst by mastering networking and the power of persuasion and dedicating upwards of 80 hours per week to your career.
Investment banking analysts report to investment bankers, who act as advisors to corporations, governments, and other entities. Investment banking teams are typically tasked with helping their clients raise capital, assisting with financial processes like mergers and acquisitions, and buying and selling securities.
You can start a career in investment banking by getting the right education, networking with the right people, and having impeccable interpersonal skills.
Investment banking professionals are financial advisors to corporations, governments, and other entities. Recent graduates typically get hired in the entry-level roles of either intern or analyst before advancing to the role of associate after three or more years.
It is extremely hard to become an investment banking analyst. You need the right education, the right connections, and the right personality. And, that is just to get your foot in the door.
It takes roughly four or more years to become an investment banking analyst. To become an investment banking analyst, at least a four-year bachelor's degree is required. Some have their advanced degrees, though this is not required.
The qualification you need most to become an investment analyst is a relevant bachelor's degree. Candidates can earn this degree in one of several related fields and qualify for entry-level investment analyst positions.
The skills investment banking analysts need are networking and persuasion, in addition to financial expertise.
Investment banking analysts need good networking skills. Investment banking analysts help their team by connecting with, recruiting, and retaining new clients. They need to be able to rub elbows with top-level executives and other career professionals.