Becoming an investment banker is a career that requires intensive learning and exposure to top-level business leaders. An investment banker must be able to analyze business strategies and make sound decisions. Every day, investment bankers work on a variety of tasks, including developing financial models, creating pitch books, and preparing a deal memorandum.
While investment bankers have to follow regulations and follow their own processes and rules, they must also be able to think creatively in order to solve problems and get new capital for projects. An investment banker will be expected to apply different approaches to solve problems and be extremely diligent. For this reason, it is important to have strong interpersonal and negotiation skills.
Investment banking positions typically require an MBA or master’s degree in finance. The position often involves working in corporate finance, venture capital, and hedge fund management. The duties of an investment banker include advising businesses, organisations, and governments on investment decisions, negotiating terms of deals, and managing relationships with clients. In addition, investment bankers often handle the sale and purchase of stock, which requires them to understand the intricacies of corporate finance.
If you’re pursuing a bachelor’s degree in finance, consider taking an internship in an investment bank. Internships will help you develop your skills and give you firsthand experience working in the industry. While an internship is not the ideal path to becoming an investment banker, it can help you develop your professional network, as well as improve your presentation skills.