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.
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An investment banker will offer a lot of banking services like other bankers do, except they deal with professional businessmen/women, entrepreneurs and investors. Their duties range from raising money, advising, underwriting, brokerage services, forex services, research, and asset management.
There are typically three areas of operation:
giving corporate clients advice with mergers and acquisitions, as well as helping them raise money from the debt and equity market
helps a company save time and money by determining the best strategy and the best place to raise debt or equity capitol. Most companies don't know how to go about this on their own.
prepares necessary documents in order to protect the company and the investor, and to accurately present the proposition for funding (called a 'private placement memorandum').
ensures all government regulations have been followed properly (as there are rules that most entrepreneurs are ignorant of, and this can come back to bite them in the future).
- buying and selling securities and commodities
- analyzing and predicting the movement of stocks
An investment banker requires specific skills, such as a razor sharp mind, excellent written and verbal communication and number-crunching abilities. They will need a strong basic understanding of accounting, finance and economics. 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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