Are you living in Georgia and your dream career is in investment banking? Then this article is the right place for you. As this type of banker, you have the job of helping clients get funding for their businesses and also be their financial adviser. So, this is not a day’s job.
If you already know this, then the next big question is how to get on this career path. This article will give some helpful tips to help you establish a career in investment banking in Atlanta or in any other place or country. However, first, we will briefly define what investment banking is.
Definition of Investment Banking
Investment banking is a sector of a financial institution or bank that serves cooperation, institutions, and governments. They provide services like raising capital and serving as mergers and acquisitions advisers to their clients. They act as intermediaries between businesses that are looking for capital and investors looking to invest in startups.
As a banker in this sector, your job would alternate between underwriting deals, selling or buying securities, and so on. Now, let’s discuss how you can become one.
5 Tips to help you get an Investment Banking Career
1. Ensure It is The Right Career Path for You
We know you have already thought it through, but have you really thought it through? It may be very demanding and stressful eventually. However, the monetary reward you would get from working for a big financial institution can make the challenge and stress worth your while.
So, before you choose this career path, consider your priorities. Will a job that consumes almost all your time but pays you a lot be the right job for you? If the answer is no, then you may consider taking on a similar less demanding job.
This article lists out some jobs that are similar to Investment banking. Knowing what to expect from the beginning is what will help you remain focused and help you find the advantages behind any challenge that you most certainly will encounter.
2. Decide on a Career under Investment Banking
There are subdivisions and you would need to decide which you would like to focus on. The divisions may appear similar but they are quite different and would need different personal attributes and skillsets.
For instance, the operational division is responsible for settling and processing transactions. To work in this division, you would need excellent analytical and numerical skills. Therefore, study the different divisions and decide which would best suit you and your skills.
3. Get a Financial Degree
Well, this is a no-brainer. There is no way you can become a professional in a field without acquiring a degree in that field. Although financial institutions spend resources on training their employees, you are expected to first hold a Bachelor’s degree.
If you are yet to apply for the university then you need to focus on options that would give you qualifications for this career path. You can visit https://www.mastersportal.com/articles/1941/how-to-apply-to-universities-worldwide-and-tips-for-being-accepted-in-2021.html to find out how to apply to a university. If you already have a Bachelor’s degree then you would need to study for a higher financial qualification.
4. Intern in an Investment Bank
Most top financial institutions provide internship opportunities for those interested. One of the best ways to get practical skills is by gathering these experiences and skills on the job. If you get an internship then you must strive hard to put in your best. Why? Because most times, the best students are given full-time work offers at the end of their internship.
However, ensure that you get your facts right before applying for an internship position. Doing this will help you choose an opportunity that will suit your skill sets and interests.
This is almost as important as getting a financial degree. You would need to network so that you will get opportunities to talk to people who can get you a job in your chosen field.
If you are looking to create a career as an investment banker then the tips in this article will help you in your journey.