Investment Banker
Dear candidate
Inorder to become an Investment Banker in India, you doesn't have to study in any particular course or stream its its not mandatory its your wish and you take up courses like that you will just help you improve your skills and to become a potential bank you should have a good idea or understanding in financial assets and investment and this banking feied is very competitive feied and only way to become a potential banker is to complete a professional program which are relating to this particular stream which makes you eligible for job
The following courses are helpful for a candidate to get into entry-level positions in the field:
Bachelor of Commerce (B.Com) Hons.
Bachelor of Arts (BA) in Finance / Economics
Bachelor of Business Administration (BBA) in Finance
Chartered Financial Analyst (CFA) Programme
CFA is a special program for this field and which is the best qualification for this field and if you complete this then you will become the most eligible in this field and many companies will be ready to recruit you
There are lot of jobs for an investment banker which are Analyst, Associate, leadership roles, sales and trading and many other
The top companies which recruit investment banker are
Goldman Sachs
Citigroup
Bank of America Merrill Lynch
Morgan Stanley
JP Morgan
HSBC
Wells Fargo
Accenture
Citi
You can also enter as Undergraduate and gain experience in this field or like post graduate by doing MBA to grow in that field
Hope this Information is helpful
Hello,
It would be good if you take commerce stream in 11th amd 12th if you want to become investment banker because commerce field will give exposure to numbers and markets. After that you can also do BBA, MBA, BBI and many such options are there for you.
Check out this link to gain amazing knowledge about investment banker
https://www.careers360.com/careers/investment-banker
Thanks
To become an investment banker,
You need to opt for BBA degree and then MBA in finance.
After that u are eligible for investment banker job
hi,
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The steps to becoming a investment banker are
1. Get a graduation with finance or economics or some field related to business from a top college
2. Getting MBA from a good college give you an edge over other candidates
3. Get an internship with good companies that help you get experience as well as give you a chance to impress employers
4. Network every where,your family, friends, your internship employers to get a job
Yes. It is very good to invest through Monthly SIP route in Mutual Funds.
(But please note that SIP is just a method of investing in Mutual Funds. It is Very Important to select Very Good MFs before you start SIP in them.)
To understand more about investing through SIP in MFs, do read the text below beyond the initial 7 points.
Investment in Mutual Funds through SIP route should be for a minimum period of 18 months & you should remain invested for minimum of 5+ years. (If you want your money back in less than 5 years, then invest in AAA-rated Fixed-Interest instruments like FDs or NCDs (Non Convertible Debentures etc.) etc.)
Always invest in 5-star or 4-star rated Mutual Funds of reputed Mutual Fund Houses (names stated in paras below), if you want your money to be in safe hands. (For MF ratings, visit: Welcome to Value Research )
Please note, Large and Very Large Companies (= LargeCap Companies) are typically considered Very Safe Companies to invest in.
Please note, Small and Very Small Companies (= SmallCap and MicroCap Companies) are typically considered Very Risky Companies to invest in.
Mid-Size Companies (= MidCap Companies) are also typically considered Risky Companies to invest in, but they are considered safer than Small/Very Small Companies.
Indicative LOW-TAX Returns (provided the investment in 5-STAR-Rated MFs, through SIP, is for minimum 5 years):
~ 15% returns per year, if you invest in Aggressive Hybrid MFs (Very Low Risk Category)
~ 16% returns per year, if you invest in LargeCap MFs (Low Risk Category)
~ 18% returns per year, if you invest in MultiCap MFs (Low Risk Category)
~ 19% returns per year, if you invest in MidCap MFs (High Risk Category)
~ 21% returns per year, if you invest in Small/MicroCap MFs (Very High Risk Category)
Thanku.
Hello
CAS who manage to break into IB performs exceedingly well due to a solid knowledge base of law, tax and most importantly, accounts. For example - I work in the Real estate, Hospitality and Retail team of the IB division. All my financial models need to have Accounting Standard - 7 incorporated in 'em. Fortunately/unfortunately, everyone in my team is an MBA and they don't know jackshit about accounting standards. That's where we can add immense value.
The biggest hindrance for a CA to become an investment banker is expertise in Finance - which can very well be sorted out but, requires a lot of reading. I'd suggest everyone become Excel experts. Microsoft Excel is one factor which can indeed make you stand out from the rest. Take up self - help tutorials, do financial modelling courses, do valuation courses etc. Also, one should actively track any two sectors of his/her liking. My personal favourites are Defence, Real Estate and Microfinance (Disc - heavily invested in a micro-cap Defence stock).
In IB, the research you do is vital. Better the research, better is the sales pitch. This makes top-notch industry knowledge your life support.
You'll be attending a lot of con-calls, and will be giving a lot of presentations to Private equity guys in case of Fundraising mandates or to Promoters with regards to an IPO or QIB. Point being, you have to be extremely articulate and most importantly, you have to talk with a lot of conviction because at the end of the day you're a glorified broker - you're always selling something or the other.
Have also heard that courses from SIB and Imarticus are pretty good and helpful.
A couple of answers here mention about having stock market expertise. Just to clarify, 'Investment' Banking has nothing to do with Investing. Thanks.
Reality check - Fresh CAs shouldn't even plan on applying for IB roles as their efforts will be futile unless they've done their homework. Instead, take a break and work towards fixing the missing links viz. Modelling, valuations, a bit of finance and specific industry knowledge.
Lastly, instead of having preconceived notions or self-doubts about CAs, please address your flaws. I know quite a few CAs who even have founded their own Investment banking firms and are doing reasonably well with their fundraising practice.
yes you can
Based on your financial situation and your interest in Financial and Management field you can choose from following options:
1. If you can crack the entrance exams of premier institute and be eligible for scholarship program then go with MBA program in premier institute
2. If you have sufficient funds to back you up for regular MBA program (without personal financial pressure to earn a living within 3 years) then go with regular program MBA finance option in B-schools topped up with certification programs in investment.
3. If you have financial constraint then take up a regular job then do executive MBA offered by both premier institute and B schools . Top this up with certification program in investment, stock market etc
4. PG Diploma from Symbiosis institute + CFA program
Please note: End of the day, the passion that you develop and exhibit in Finance is what will make you a good investment banker.
Hope this was helpful.
A bachelor's degree is the minimum educational qualification required to work as an investment banker. Entry-level analyst positions in the field are typically open to bachelor's degree graduates, and it is possible to move on to a senior banker role without a master's degree in many investment banks. However, a master's degree is very common among the mid-level and senior staff in this industry, as it helps to pave the way for career advancement. In some investment banks, a master's degree is required for entry into the investment banker career track.
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