Finance Careers – Investment Banking Analyst

finance careers

In finance careers investment banking analyst is taking the most important part. There are many students who are enthusiastic in the pay, the prestige and the fast-pace lifestyle.  It is advised that before getting into this position you need to make sure that you can handle this position well and professionally.

What are the qualifications to become banking analyst in this finance careers?

Qualified in and competent

Driven and disciplined is the qualification that people need to have in this finance careers besides having bright minds and are able to clearly articulate business insights as well as having good ability in handling finance job like accounting, business administration, and economics. As they usually work in team so they need to have personality type of wanting to work cooperatively to win. Having experience in this area is also important in this finance careers. When the candidates are having those qualifications, then they will be ready to have a fun interview as the beginning.

After getting pass the interview well, then they need ready to have the sweating interview as it will be the tough one because they need to prepare themselves of answering some difficult question. This interviewed is the place where the bankers will test the ability of candidates in finance backgrounds and also test them of how to react under the pressure. On campus, off site at a hotel or at firm are the palace where the interviewed will be hold. After following the process, then on the weekend the candidates will know the result. Who next are selected to become the winner in this finance careers joining in investment banking analyst.

What Investment Banking Analysts Do?

Understanding the deal of the corporate finance department and analyzing the feasibility of the potential transaction are what these finance careers do. IPOs, follow-on offerings, private placements, mergers and acquisition are what usually included in the deal. Besides that, preparing the pitch book including of a discounted cash flow analysis (DCF), preparing leveraged buyout models (LBOs) and also assist in some of deal execution is also done. DCF is needed to put together financial projection for a company that is functioning in getting the right value of the cash flow.

Enduring this hard job of this finance careers firms usually offer excellent training programs and have developed some model templates to help the analysts passing a very steep learning curve confidently and so that they are able to perform at a high level.

What is the good news of this finance careers?

This finance careers usually have some incentives, salaries can range from $60k to $90k, bonus which is often north of 50%, total compensation can range from $100k to $140k. Usually if they work past 7pm they will get dinner paid and also having the expense of the restaurants located in the financial districts which will quickly make them become dining connoisseurs.

Reimbursement for cell phone or blackberry bills, free cab rides for transportation to take them home and the chance of celebrating with other bankers at a lavish closing dinner. By having these all so they have a long time chance to save money.

Career Progression

Usually after  working about three years in this finance careers many of them decide to go back to school for taking their MBA. To continue their career in industry by taking associate position is what investment banking analysis does if they don’t want spend late nights and long hour in this career again.

Before deciding choosing this career as your job, it is advised if you weight the realities of the position with the real thing that you really want in your life as even it has the high pay but the lifestyle, the late night-work is really timely exhausted and worn out.

Read the other article that may useful for reading: “Financial Services Jobs Will Give Successful Career for you”.

Related posts: