Are you interested in a career in the financial sector? Do you want to become an investment banker without any experience? ? If YES, then I advise you to read.
Investment bankers work with large companies and small companies to develop agreements such as selling shares, finding investors, applying for business loans, and transferring ownership between two companies. They analyze the markets and provide investment advice to their employers.
While investment bankers are paid well because they are a valuable asset to the companies and organizations they work for, their job involves hard work. Work at very high pressure; Investment bankers typically work outside of the 40-hour work week. ( So if you are not ready for long hard work, this job is not for you. ).
Become an Investment Banker – Educational Requirements
To become an investment banker, you need to get an MBA. Technically, all you need to enter the world of finance is a bachelor’s degree, but having an MBA will help you stand out in today’s highly competitive world of investment banking.
However, you can apply as a college graduate for an entry-level analyst position – just to find out if you want to continue as an investment banker. As an analyst, you will have the opportunity to accompany your mentor in investment banking during meetings with clients. You’ll also have the opportunity to watch the pitch and learn how ideas sell as your mentor visits clients to discuss future sales and mergers.
Becoming an Investment Banker – Special Skills Required
A A solid education isn’t all you need to be a successful investment banker. You need to have a combination of analytical and social skills that will allow you to easily decipher financial information and communicate it to people without looking down on them.
Also, you need to understand the power of contacts and the art of using contacts to your advantage. Contacts are usually the difference between successful and difficult investment bankers.
Creative talent, a high level of communication and synthesis, a moderate amount – at a minimum – of sales ability and initiative, mathematical talent and the ability to function well in a team are other skills that a business banker needs. must own to be successful.
Keep in mind, however, that every investment firm has different expectations for their bankers, so there may be slight differences in the skills required.
7 easy steps to becoming an investment banker with no experience
If what you read in this article increased your desire to enter the world of investment banking, keep reading to find out the steps to becoming an investment banker.
1. Get a bachelor’s degree from an accredited and reputable college or university . This can be in any field related to finance, such as economics, marketing, banking/finance, business management, accounting, mathematics, or any other field. Remember that trivial factors such as the reputation of the institution you studied, as well as your grade, can play a role in determining your career prospects.
2. Improve your oral communication skills, analytical skills and sales skills and other skills you need as an investment banker. Also, you must learn to speak confidently in public and in the presence of people you have never met. As an investment banker, you will frequently give presentations to clients to grow your business.
3. Learn how to write compelling business proposals . This is necessary because, as an investment banker, you will be writing proposals to describe the progress of the business transaction.
4. Apply to an investment bank as a college graduate to become an entry-level analyst . This will help you better understand the role of investment bankers and gain solid work experience before going freelance.
5. Read newspapers, magazines and financial blogs to follow trends. in the investment banking sector and discover the vacancies. It can also help you learn more about the environment and especially the history of investment banking firms that could be your employers in the future. Of course, investment banking firms are more likely to hire candidates who know their history and understand their work environment.
6. Pursue your studies Although a Master of Business Administration (MBA) is not absolutely required for all investment banking positions, it is highly recommended as it is now becoming a requirement for the most in-demand jobs.
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Job prospects
Even after attending top schools and earning impressive grades, you can still find a job. According to the latest figures from the United States, approximately 20,000 investment banking positions open up each year and approximately 200,000 applicants compete for these positions.
Despite the competitiveness of the industry, you can easily get a job if you have a strong network and have excellent references and hungry ambitions.
