Im doing a Mathematics degree from a non-Oxbridge uni and am wondering what it takes to become an investment banker?
What do they do on a day-to-day basis and what's the pay like?
2007-12-15 00:35:47 · 2 answers · asked by Gabriel H 3 in Business & Finance ➔ Investing
You could try to land a holiday or gap year job in an investment bank first, and see if you like it. As in all jobs, once leaving Uni you will start at the bottom and work your way up. Have no illusions about the pay at first. It will doubtless be a modest wage. What you should be looking for is working for a reputable organisation in order to gain experience. Working abroad is also a major advantage and would look good on your CV.
2007-12-15 00:42:22 · answer #1 · answered by Barry K 5 · 0⤊ 0⤋
If want to get a job out of undergraduate studies at an investment bank, a maths degree is fine. It would be helpful, however, to take a course in financial accounting, if available. That said, the primary screen is your academic achievement and interest in the job; i.e., don't interview and say you know little about the industry - this is not McKinsey, they don't hire based solely on horsepower or even primarily upon it.
Investment bankers unite seekers of capital and providers of capital. As an analyst, the lowest form of banker, you will spend 80-100 hours a week processing financials, models, presentations, and internal memos in order to effect these transactions, as well as extensive travel. Pay can range from US$80,000 and more for good analysts at good banks.
2007-12-15 09:57:32 · answer #2 · answered by trio_jeepy 2 · 0⤊ 0⤋