Investment Bankers

Investment Banker with Clients

Investment banking (IB) is an umbrella term for a wide range of financial activities. Investment bankers help clients (companies, governments, and other entities) raise money in the capital markets and advise them on financial issues such as stock buybacks, corporate restructurings, and mergers and acquisitions. They also create and operate derivative markets (e.g., futures, options) and manage assets for retail investors (typically high-net-worth individuals) and institutional clients (pension funds, governments, etc.). They typically work in one of two areas: industry/coverage groups or product groups (although this organizational structure has become looser in recent years). Those in industry/coverage groups are experts on a particular sector such as media, health care, or technology, while investment bankers who work for a product group are experts in a particular type of transaction, such as equity or debt capital raising, mergers and acquisitions, or leveraged finance.

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Quick Facts
Alternate Title(s) Directors, Managing Directors, Vice Presidents
Duties Help clients raise money in the capital markets and advise them on financial topics such as mergers and acquisitions, stock buybacks, and corporate restructurings
Salary Range $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in New York City, but are also available in other cities with large financial sectors
Minimum Education Level
  • Master's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience At least three years of experience
Personality Traits
  • Enterprising
  • Hands On
  • Outgoing
Skills
  • Financial
  • Interpersonal
  • Sales
Certification or Licensing Required
Special Requirements None
Employment Prospects Fair
Advancement Prospects Fair
Outlook About as Fast as the Average
Career Ladder
  • Managing Director
  • Director
  • Vice President or Investment Banker
  • Associate
  • Analyst

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