Careers In Investment Banking Essay

1108 Words 5 Pages
Careers in Investment Banking

A career in the securities industry can offer exciting work if you enjoy working in a competitive and demanding atmosphere. Investment bankers, stock brokers, and stock traders all make up the securities industry providing services to each other, as well as the general public. All of people involved in this field deal with stocks, bonds, and other financial material in some way or another, but they all have their own specific objectives and duties. The primary differences between the three are the services they provide and who they provide these services to. Investment banking seems to be the most interesting of the three, as well as the most rewarding. This is due to the nature of the job
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Working summer internships in your chosen field also aids in job finding. If these requirements are met an investment banking firm will consider hiring the graduate into their two-year financial analyst programs at starting salaries of $25,000-
30,000.(Morgan, 12) The competition to get into an analyst position is extremely hard and competitive. The competition to get into the trainee classes at the top investment banking firms is tougher than becoming an astronaut, according to
Preston Pumphrey. (Pumphrey,2) The typical analyst works mainly on analytical work and also does a fair amount of writing.(So You Want to Be A,4) From here an analyst has the option to either go back to school and pursue an MBA, or try to advance to the position of a junior associate, which basically has the job of supervising the analytical work done by the analysts. Junior associates are basically trying to learn the business and acquire the skills they need to develop financial plans rather than to execute them. Their main responsibilities, according to Rich W., a vice president of a large investment firm, include running computer analyses, preparing the financial reports which accompany stock issues, and putting together the documents used by senior bankers to pitch ideas.(So You Want To Be. 4) Junior associates are primarily…