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An investment banker is someone who works in a financial institution or in a large bank's division that is involved in raising capital for governments, companies and other entities. They raise money by issuing and selling securities in the primary market and assist public and private corporations in raising funds in the capital markets (both debt and equity). They may also provide strategic advice to their clients on specific transactions such as mergers and acquisitions and other types of financial transactions.
An investment banker requires specific skills, such as excellent written and verbal communication and number-crunching abilities. Their work hours are very long and gruelling, but on the upside they are generally a very well-paid individual. An investment banker's educational requirements include an MBA from a top-notch institution and/or a Chartered Financial Analyst designation.
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Manish Srivastava, 24, is an analyst at a boutique (Wall Street vernacular for small-sized) merchant banking firm in New York. Before this job, he worked for a year and a half at a much larger global investment bank also based in New York.
Investment banking is comprised of three main areas: investment banking division (IBD), sales and trading (S&T), and asset management.
Private equity tends to be a common exit path for investment banking analysts and consultants. As a result, we get a lot of questions on both the functional and the actual day-to-day differences between investment banking analyst/associate and private equity associate roles, so we figured we would lay it out here.
Investment banking lifestyle questions answered.
A Day in the life of an investment banking: learn what a banker does throughout the day...
Investment Banking - it's a world that fascinates the global media and a career path that many aspire to. But it's certainly not for everyone...
There are different reasons why individuals become investment bankers. Deep-seated motivations propel the uninitiated to persevere until the gates of entry to that prestigious world open before them.
Wall Street has changed in the aftermath of the Great Recession of 2008 and 2009 and that has changed the role of the investment banking analyst.