what is an investment banker?
what subjects/courses do u recommend i take in college?
how much do they get paid-starting salary?
is there a lot of math required?
is there a good chance of getting hired right after college?
2006-11-28 13:24:18 · 4 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
Q: What is an investment banker?
A: An investment banker work in the capital markets to raise money in equity, debt, derivatives or other securities. Investment banking comes with a whole bunch of different subdivisions, from relationship bankers (think: booze & schmooze), corporate finance (think: pitching for deals), project finance (think: specialized finance for specific assets), capital markets (think: arranging deals), broking (think: selling product to funds), analysts (think: finding good investments), trading (think: execution of buy/sell) and a whole army of back office roles. This contrasts to commercial banking, private banking and merchant banking.
Q. Courses?
A. Intro to Accounting, Intermediate Accounting, Advanced Accounting, Marketing, Intro to Capital Markets, Real Estate Law, Microeconomics, Macroeconomics, Intermediate Macroeconomics, Statistics, Calculus, English Literature (need to be a good writer), Rhetoric (need to be able to convince people) and a few rounding courses to make you a better person (Art History).
Q3: Starting Salary?
A3: In NYC? About $110-160k before bonus. Bonus tends to be 1-36 months of salary. If you don't do well, you're let go. Every recession about 15%-50% of the department will be layed off. You don't have to work in NYC. Other centers of investment banking: London, Hong Kong, Singapore, Paris, Frankfurt, Boston, San Francisco. Salaries are going to be lower, but quality of living may be better. Trust me. Your life is going to suck. Think 100 hour weeks working with ego maniacs, drunks, perverts, crooks with the occassional very, very nice people who get lost in the shuffle because... well... they're nice. You have no time for vacations, relationships, family, life and other things you take for granted. Get ready to pull all nighters... jump on a plane to delivery a 30 minute pitch and get back on a plane. The upside is that you are working with the best and brightest finance minds in the world.
Q4. Is there lots of math?
A4: You bet. Financial theory is lots of basic math (adding, subtraction, division, multiplication), but you're going to need to know some advanced stuff to keep up. However, it's more than math. You have to be the complete package, from writing reports, giving presentations and being able to bridge across numerous disciplines (e.g. law, marketing, research, trading) while also picking up industry expertise in very compressed time frames (e.g. I had to become an expert on certain type of organic pesticides and ptalocyanide-based pigments in a week) and be able to discuss these topics with people who've been doing them for decades.
Q5. Good chance of getting hired right after college.
A5: I got to be honest. No. Investment banking is one of THE most sought after jobs in the world. Every MBA and half the finance/business undergrads want to do I-Banking. Who gets in? The best of the best. The creme-de-la-creme. Should that stop you from trying? No. You don't know until you try. Also, there are many second and third-tier firms that do pick up some I-banking business. That's an easier way in. When I got my first job in I-banking, I beat out over 2,000 other applicants to start at the very, very bottom as an assistant. I saw the stack of resumes.
2006-12-01 02:25:04 · answer #1 · answered by csanda 6 · 0⤊ 0⤋
They help people save and invet their money by dealing in stocks and bonds, or do the same for corporations, in a nutshell. Major in business or accounting or some other related field. They can make a great living and be hired quickly if you have great grades. There is quite a lot of math required, your job is numbers.
2006-11-28 13:32:49 · answer #2 · answered by J 4 · 0⤊ 0⤋
it particularly is a no longer common question. - in case your a girl and your husband is the only one working, you look to look down on your self for no longer contributing to the charges or maybe though. yet on a similar time..... Wow - i certainly can no longer answer this question. the only way i could answer this question is that if i exchange right into a single be certain.... yet thats no longer what you're asking----- i assume it certainly relies upon on your upbringing once you have been a baby, if a women mom instructed her to marry a valuable guy so she did no longer could artwork... then i assume she would problem extra approximately her marriage. yet being a guy...... i'm unsure - If i had a job that fluctuate into very solid paying and a spouse that attempted each and every thing to help out with financial circumstances, i assume i'd relish her extra for attempting to act like she mandatory to help out. If i exchange right into a woman i'd attempt to make it on my very own - merely because of the fact i think of it particularly is a appealing factor ( an self sustaining female ).. she is accustomed to what she needs/desires out of existence... she has her techniques/objectives and dosen't be counted on anybody for something, subsequently making her a superb man or woman. i do no longer even think of i even replied your question... i know how i'm feeling i merely can no longer write it down - Sorry Bye the way - Love your avatar image...... merely the eyes can say plenty a pair of man or woman.
2016-10-04 12:07:00 · answer #3 · answered by schugmann 4 · 0⤊ 0⤋
you look good 2 b a supermodel. juss believe in yourself u don't need a high I.Q 2 suceed in what u do!!!
2006-11-28 13:33:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋