What does an Investment Banker do?
An Investment Banker advises individuals or companies on what type of securities to issue, such as bonds or stocks, and at what price, when and how to issue them. They also handle the underwriting process — the placement of securities with investors. In addition to working with private businesses and publicly traded companies, an Investment Banker also underwrites bonds and other kinds of debt securities.
Beyond the financing activities of a company, an Investment Banker also handles a range of other complex financial transactions. For instance, they may help facilitate merger and acquisition (M&A) processes by providing advice and other relevant services to companies involved on either side of a transaction. They may help an M&A client in deal negotiation, strategy formation and company valuation. An Investment Banker may also finance the final deal if it requires the issuance of new stock or debt.
Investment Banker skills and qualifications
Investment Bankers often work for long hours under constant pressure to achieve financial targets and must possess great determination and dedication to their work. A successful Investment Banker candidate will have various prerequisite skills and qualifications that typically include:
- Strong analytical and numerical skills to interpret financial data into an understandable format
- Excellent leadership, team-management skills and the ability to motivate others
- Good verbal and written communication skills to build good relationships with clients
- Excellent negotiation and marketing skills to create marketing material
- In-depth understanding of financial structures and market trends
- Self-motivation skills and the ability to manage time effectively
- Ability to make difficult decisions and great self-confidence
Investment Banker experience requirements
Investment Bankers often require at least three years of experience as an Investment Banker, Financial Analyst, Business Advisor or other financial related roles. They must have experience working in a fast-paced and team-based work environment. Candidates with experience working in a marketing field can have essential deal structuring and closing skills. They will also have experience performing research, analysis and explaining market events.
Investment Banker education and training requirements
Investment Bankers have no specific education requirements. Many investment banks and employers hire candidates from all fields, but transferable skills garnered from degrees like economics, finance, business administration and other finance-related courses give candidates an advantage in the job market. It’s essential that candidates have an in-depth understanding of financial policies and current affairs. Candidates with additional training in office packages and financial analysis are also preferable.
Investment Banker salary expectations
According to Indeed Salaries, the average salary for an Investment Banker in the UK is £12.72 per hour, depending on factors like experience, education, location and company.
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