Financial institutions that help governments, individuals, and/or corporations to raise funds by underwriting or acting as agents are called investment banks. They are different from retail and commercial banks on many levels including the fact that they do not accept deposits. An investment banker abbreviated as IB is a professional who works with the banks mentioned above.
One can be prepared to work as an IB by training in various degree programs. Some of those degrees include finance, accounting, and business. To qualify, a bachelor degree is usually required at most job positions. Master degree in business or finance may be necessary for higher positions. Business administration programs are preferred by employers because students receive actual field experience.
Graduate and undergraduate programs in this field emphasize proper professional behavior and the importance of understanding business ethics. Other job titles that one can receive upon completing training include financial manager and floor broker. Typical areas covered by the courses include principles of taxation, investing, corporate finance, and accounting. Positions at the entry-level entail individuals training on the job. People who have advanced degrees may start working at the associate level and be exposed to more chances for promotion.
These professionals have a very bright future. Job have been reported by the US Bureau of Labor Statistics to grow by 11 percent between the years of 2012 and 2022. The expansion in jobs will happen in 3 major sectors, financial, commodities, and securities. Retiring baby boomers are expected to create demand for these workers as they retire from work.
The duties of these bankers are very many, but typically revolve around creating connections between business in need of financial support and investors. They assist private corporations in going public by having their IPOs structured. IPOs undergo through thorough scrutiny and it is the work of these professionals to ensure that the company passes them. Another specialty of these professionals is in mergers and acquisitions. Companies that intend to merge or buy other companies need the advice of these bankers on structuring the deal. They also need advice on analyzing profits or losses and developing detailed agreements.
Most work hours are spent on consultation with clients in the office, on phones, or outside the office. Other major duties related to work include creating reports, maintaining data in spreadsheets, and doing research. Occasionally they may be required to do analysis of data and offer professional advice. Sometimes they also spend time out of the office to meet new clients and to build industry relationships.
From the work responsibilities of the workers, it is obvious that they are usually very busy. They get into their offices in the morning and spend several hours working. They lack time to rest or social at work. It is typical to work overtime and to break holidays or weekends for work-related issues.
In 2013, the bankers were earning 102, 510 USD as their annual salary. They receive two payment, a basic salary and commissions which are based on how many products they sell. People who hold bigger positions also earn bigger salaries.
One can be prepared to work as an IB by training in various degree programs. Some of those degrees include finance, accounting, and business. To qualify, a bachelor degree is usually required at most job positions. Master degree in business or finance may be necessary for higher positions. Business administration programs are preferred by employers because students receive actual field experience.
Graduate and undergraduate programs in this field emphasize proper professional behavior and the importance of understanding business ethics. Other job titles that one can receive upon completing training include financial manager and floor broker. Typical areas covered by the courses include principles of taxation, investing, corporate finance, and accounting. Positions at the entry-level entail individuals training on the job. People who have advanced degrees may start working at the associate level and be exposed to more chances for promotion.
These professionals have a very bright future. Job have been reported by the US Bureau of Labor Statistics to grow by 11 percent between the years of 2012 and 2022. The expansion in jobs will happen in 3 major sectors, financial, commodities, and securities. Retiring baby boomers are expected to create demand for these workers as they retire from work.
The duties of these bankers are very many, but typically revolve around creating connections between business in need of financial support and investors. They assist private corporations in going public by having their IPOs structured. IPOs undergo through thorough scrutiny and it is the work of these professionals to ensure that the company passes them. Another specialty of these professionals is in mergers and acquisitions. Companies that intend to merge or buy other companies need the advice of these bankers on structuring the deal. They also need advice on analyzing profits or losses and developing detailed agreements.
Most work hours are spent on consultation with clients in the office, on phones, or outside the office. Other major duties related to work include creating reports, maintaining data in spreadsheets, and doing research. Occasionally they may be required to do analysis of data and offer professional advice. Sometimes they also spend time out of the office to meet new clients and to build industry relationships.
From the work responsibilities of the workers, it is obvious that they are usually very busy. They get into their offices in the morning and spend several hours working. They lack time to rest or social at work. It is typical to work overtime and to break holidays or weekends for work-related issues.
In 2013, the bankers were earning 102, 510 USD as their annual salary. They receive two payment, a basic salary and commissions which are based on how many products they sell. People who hold bigger positions also earn bigger salaries.
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