Financialtreat – will you explain about Want to Become an Investment Banker? Must Know First What is an Investment Banker! which you will get in the following article. let’s look at this article carefully!
Now, there are many attractive professions with high nominal salaries, but these various professions are certainly still required to pay taxes. If you are a person who likes to help companies in taking care of securities and investments, then the profession of investment banker or investment banker can be a career opportunity for you.
The term investment banker is not foreign in the banking world. This job also certainly generates a lot of income, this will certainly also affect the payment of taxes. The payment of this tax has its own rules and statutes.
Want to Become an Investment Banker? Must Know First What is an Investment Banker!
Before discussing it, let’s first recognize what an investment banker is? Its tax role and provisions? Check out the answer here!
Getting to Know Investment Bankers
An investment banker or investment banker is an individual who often works as part of a financial institution, especially with regard to raising capital for governments, companies, and other entities.
Meanwhile, according to the Financial Services Authority (OJK), investment bankers are found in companies that carry out activities as insurers or agents and act as mediators between securities issuers and the general public who make investments.
Investment bankers act as managers or members of an investment banking group who can make direct purchases of securities from issuers and sell them to investors and dealers.
If the investment banker is affiliated with the company, he will help in complex and large financial transactions. This includes drafting mergers, acquisitions, or sales for clients and client groups.
The profession of investment banker has become very attractive. This is because, several banks in Indonesia have an investment banking division. Not only that, the world’s largest investment banks such as JP Morgan, Citi, Barclays, and Morgan Stanley have also long had these divisions. Investment bankers are becoming a very competitive field, so even to get into it requires special certification.
Duties and Responsibilities
There are core duties of investment bankers that include the issuance of securities as a way of raising money. It also involves the creation of detailed documentation for the Securities and Exchange Commission (SEC), which the company needs to go public.
An investment banker can save clients money and time by identifying risks related to a particular project before the company can move forward. An investment banker can also help determine the price of financial instruments and navigate regulatory requirements.
Not infrequently, when a company conducts an initial public offering (IPO), the investment bank will buy all or many shares of the company directly or act as an intermediary.
Meanwhile, investment banking is a special division in the banking world related to capital formation for governments, other companies, and other entities.
In summary, investment banking has the function of lending new debt and equity for all types of companies, helping to facilitate mergers and acquisitions and providing assistance in the sale of securities.
Investment Banker Activities
Investment bankers certainly have activities that include, as follows:
1. Data management
The investment banker in his routine always intersects with numbers and data. The nature of this work has required an investment manager to master calculations that are based on data and numbers.
2. Financial analysis
The main responsibility of an investment banker is to process and interpret all the data collected, so as to get conclusions about the projection of market conditions and the economy in the future.
3. Liaisoning
Investment bankers are certainly obliged to act as a bridge or intermediary for each client with the financial market. Sometimes investment banks also provide assistance to customers.
4. Client management
Investment bankers as a team or personal act as a bridge or mediator with customers and business entities that are their customers.
Meanwhile, the way for investment bankers to make a profit is by commissioning funds or arranging capital, attracting consulting fees, and commissions on trading. Examples of investment banks in the world are Bank of America Merrill Lynch, Citigroup, Deutsche Bank, UBS, Morgan Stanley, JPMorgan Chase, Nomura Securities, and so on.
How to become an investment banker
Everyone knows that investment banking is a profitable field. Entry-level jobs quickly provided a six-figure salary. Senior professionals earn tens of millions of dollars every year.
Going up this field is a multi-step process that requires a combination of education, ambition, hard work, experience, connection and sometimes more than a little luck. Here are suggestions for reaching the top.
Get a bachelor’s degree
A bachelor’s degree in finance or economics is usually the starting point for a beginner’s job at an investment bank. Accounting and business are also common educational backgrounds.
While it’s true that liberal arts majors can get a job on Wall Street, if you have your heart on investment banking, you’ll tilt the opportunities if you stick to the traditional field of study that best suits your career goals
Go to an Advanced Degree
While you can get a job with a bachelor’s degree, having an Advanced degree is another way to refine your prospects. A master’s degree in business administration (MBA) or an advanced degree in mathematics can add to your appeal. CFD certification (CFD) can also help.
Facing the Internship
Internships provide an avenue for students and recent graduates to get full-time jobs in almost every profession. Investment banking is no different. Internships give you the opportunity to try your desired field.
Gaining exposure to culture, gaining work experience and impressing potential employers. This is the best way to start your career. To learn more about entry-level jobs, see How to Become an Investment Bank Analyst here.
Network
Investment bankers spend time selling. They found an exorbitant amount of money and convinced people to give it to them. They are the movers and trackers behind the mergers and acquisitions of Fortune 500 companies.
Initial public offerings from private companies that provide stratospheric valuations and other high financial transactions that result in enormous costs. Networking is an important part of the job – and probably more so for those who want to enter the field.
Long before you land the first megadeal you need to land a job. Selling yourself will be your first task, so every opportunity to do it is important. You need to mix and mingle with people who have the power to hire you or who can recommend you to people who do the hiring. And you need to make a good impression.
Of course, having parents, uncles, cousins or family friends who work in the business or have the right contacts also doesn’t hurt. The right word in the right ear can open the door.
When trying to get a lifelong job opportunity in one of the most competitive fields in the world, most job seekers will take advantage of the path that makes them get the proverbial foot in the door at the World’s Top Investment Banks.
About That Good Impression
Investment bankers work with, and for, some of the richest people in the world. These people wear select clothes, drive selected cars and vacation in certain places. They spend their time with people like them and give their money to people who understand it and share their culture.
If you weren’t part of that crowd, it would be hard to solve. A study by the UK government’s Social Mobility Commission provides stunning insights into how subtle mistakes, such as wearing the wrong coloured shoes or having the wrong haircut, can be enough to derail job seekers.
If those things aren’t part of your background, it helps to be a quick study, at least to the extent of being able to blend in during your early years in this field, according to some people included in the U. K. study.
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The Bottom Line
After getting the best education, choosing your major and network , doing the work is an important step in the right direction. From there, keeping the job going and progressing through the ranks is the next challenge. Staying at your job will require regular week work exceeding 80 hours.
That’s a bit of an explanation of investment bankers. Hopefully, this information has benefited and added to your insight. And are you interested in investing in bankers?