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Are you considering a job in the financial industry?
Do you aim to have a career where you make a lot of money?
If so, a career in investment banking might be a good fit. It's one of the highest-paying jobs in the financial industry, even for a new graduate!
Find out if this career might be right for you!
What do investment bankers do?
Works in a finance firm or large bank (investment bank) to:
Manage risk for the bank and its clients
Raise money for clients to go public, improve, or expand
Support clients in mergers and acquisitions
Analyze and solve a variety of problems
Specific tasks include:
Build complex financial models
Use financial computer applications & database management tools
Create statistical presentations
Communicate effectively in verbal & written language
Collaborate with teammates
Did you know?
Investment banking is a great career because of its...
Abundant opportunities
You'll experience a steep learning curve when getting exposed to high-profile transactions.
Clear career path
Intern
Analyst
Associate
Vice President
Senior Vice President/Director
Managing Director/Partner
Handsome compensation
Investment Banker Annual Salary Table
Are you up for a challenge?
Investment banking might be right for you if you're willing to:
Specialize in a FAME subject (finance/accounting/management/economics)
Graduate from a target school with a high GPA
Study for and obtain financial certifications
Perfect your resume and network like crazy to find a job
It might not be for you if you aren't willing or able to:
Work long hours
Excel in math
Handle stress at work
Identify reliable informational sources
Keep learning and growing
Did you know?
These people are looking for investment banking jobs.
Jack graduated from the University of Toronto with a 3.9 GPA. Hemajored in biochemistry and has been working in a lab for 5 years. Now, he's planning for a career change into investment banking.
William graduated from Ivey Business School with a 3.9 GPA. He has a few years of experience as a financial analyst at a small bank. He’s networking with investment bankers for better job opportunities.
Julia is a new graduate from Harvard Business School with a 4.0 GPA. She has little work experience. She likes working on her own without talking to others because she’s shy. She’s looking for her first banking job.
Quiz
Who sounds like the best fit for an investment banker’s career path?
William is the best fit because he graduated from a target school with a high GPA and has experience as a financial analyst. Julia and Jack have little relevant work experience, so it requires a lot more effort to get into investment banking. They can start by working from smaller banks and expanding their networks.
Take Action
Does being an investment banker sound like a good fit for you?
If so, you should…
This Byte has been authored by
Yang Chen
LINC Instructor