why investment banking

Investment banking is a division of banking related to the creation of capital through the sale of stocks and bonds to help companies to raise capital. Investment Banking. We offer comprehensive financial advisory, capital raising, financing and risk management services for corporations, governments and. The Nordic Investment Bank is the international financial institution of the Nordic and Baltic countries with the headquarters in Helsinki, Finland.

Why investment banking -

You would help businesses raise funds for expansion and growth by connecting them with companies or wealthy people who have money to invest.

You would advise investors whether to put their money into a business project. Investors are usually either rich individuals or companies like pension funds or insurance companies which have large amounts of money. If the project succeeds then they will get more money back than they originally invested.

When a business tries to take over or merge with another company you would examine the proposal to ensure your clients will profit from the deal. Mergers and acquisitions can be very complex. You’d need to be able to focus on details and understand a lot of information at once.

You would:

  • Research markets
  • Find business opportunities
  • Help companies plan their long-term strategies
  • Help companies get the funds to set up or expand
  • Decide when a business should offer shares for sale and at what price
  • Help companies to get loans
  • Suggest new business deals to companies and investors
  • Work out the best arrangements – the structure – for a merger or acquisition

You would work closely with lawyers, accountants, finance officers and chief executives. You’d need to keep up to date with financial and legal regulations.

You might specialise in a particular industry or type of investment. A growing area is social investment, where you’d connect investors with companies that are not just profitable but which have a positive impact on individuals, society or the environment.

You’d need to be persuasive and a good negotiator. You’d also need to be confident in making decisions involving very large sums of other people’s money.

Источник: https://www.myworldofwork.co.uk/my-career-options/job-profiles/investment-banker

Cracking the Myth of Long Investment Banker Hours

The jaw-droppingly long hours investment bankers work are legendary. A widely-reported recent survey of first year analysts at Goldman Sachs revealed that they work on average more than 95 hours per week, and sleep around 5 hours each night. Across the industry, average investment banker hours are between 70-85 hours per week. No matter how you slice it, that’s a lot of time to spend working.

But is it really necessary? In today’s technology-driven world, aren’t there solutions to automate a lot of the work and make a day in the life of an investment banker more balanced and less stressful?

Yes. Yes, there are.

Why do investment bankers work such long hours?

Seasoned investment bankers are resigned to the idea that people in their industry work long hours. That’s just how it is, it’s how it always has been. And that’s one of the problems.

There is a cultural belief that because senior bankers all worked long hours on their way up the ladder, new entry-level bankers must suffer through the same rituals. According to Roy Cohen, career coach and author of The Wall Street Professional’s Survival Guide, this is just the way it is when you begin your career in financial services. “You belong to the firm–it is a form of indentured service,” he says. 

Average investment banker hours are 70-85 hours per week.But it’s not just the junior analysts and associates who suffer. “While hours on the job and work-life balance improve as one becomes more senior, even senior bankers put in lots of hours,” says Janet Raiffa, former recruiting manager at Goldman Sachs and career adviser. And because the bosses work all hours, junior bankers are expected to be on call 24/7 to answer their requests. Working from home in the COVID era has made it even worse. Analysts are now expected to respond right away, any time, day or night. 

Some might say that an investment banker’s salary compensates for the crushing workload, but only those who have lived it truly know the impact of this pressure. Which begs the question: what is it like? What tasks are investment banker hours taken up performing, and why are analysts so busy literally at all times?

A day in the life of an investment banker

The little-known truth of an investment banking analyst’s job is that they will spend less than half their time doing actual analysis. The breakdown of their average day consists of:

  • 50% PowerPoint for Pitch Books and Other Presentations
  • 30% Random and Administrative Tasks 
  • 20% Excel-based Financial Modeling and Valuation

This typical workday officially begins relatively late at around 9:00 in the morning, but won’t end until long after the sun has gone down. And every other business has closed. And everyone else has gone to bed. And even the insomniacs have been asleep for a while. But that’s not really an accurate picture, because there is no such thing as a typical workday. The nature of financial services means that there are always atypical things happening that require more time and attention, from juggling multiple deals at once to pulling an all-nighter to get that last-minute pitch deck done. 

This is not a sustainable lifestyle. Fortunately, it’s not forever, because most analysts move on up the ladder after a couple of years—the ones that don’t drop out first, that is—but as we noted, things don’t necessarily get much better even after a promotion or two.

The costs of making these kinds of demands on people are considerable. They experience a serious mental and physical toll on their well-being. It reduces their performance and effectiveness. It also creates hemorrhaging retention rates and sickly churn—a lot of investment bankers do leave the industry before making it past their first year or two in the business.

It seems like a difficult situation with no easy fixes. After all, that’s the way it has always been, right? But things do change. One of the biggest drivers of change in today’s world is advancing technology. And technological advances in the area of artificial intelligence could very well be an easy fix for some of the problems faced by overworked investment bankers.

Data automation could reduce an investment banker’s hours by a much as 30%

An analyst spends a vast amount of time on administrative tasks like manual data entry. It’s work that nobody enjoys, but it has to be done. But does it have to be done by them? Does it have to be done manually at all?

Much of the 30% of a banking analyst's time spent doing administrative work could be immediately and permanently lightened through automation.

The sheer amount of data that is processed in an average deal is huge. What if financial institutions could use technology to virtually eliminate the hours spent on manual data entry? (Spoiler alert: they can!) Much of that 30% of a banking analyst’s time spent doing administrative work could be immediately and permanently lightened through automation.

Data tools driven by AI are capable of entering and processing almost all of that administrative data automatically and independently. Plus, they can do it better than humans can because they don’t make data entry mistakes! They can check to see if the information already exists to eliminate redundant data entry. They can, in short, improve the lives and effectiveness of everyone, from the beginner analyst up to managing directors and beyond.

Change the way it has always been done with automated data 

Consider the benefits of a smart data system beyond saving countless hours of manual data entry. It is common for multiple teams to work on the same deal. These teams are composed of people from across both the client organization and the banking institution, bringing in different knowledge and different connections. Normally, information passes between these teams verbally or by email, which relies on unreliable human memory and not cold hard data. 

An automated data management system powered by AI could change that, enabling members of all teams to have accurate, trustworthy and up-to-date information at all times.

Let’s not forget about the management stakeholders who aren’t in the trenches working on the deals at the ground level. An automated data system can keep them up to speed as well, any time, day or night. Whenever they want a real-time update on activity and performance, a content-rich control panel can immediately provide automated reports. And they don’t need to ping an analyst at 3:00 am to get the information, either.

Change can be good.

Get better results across the board with Introhive’s AI-driven data tools

The power of reliable and comprehensive data is massive.The power of reliable and comprehensive data is massive. An AI-driven tool that automatically captures this information is clearly the way to go. Using algorithms to interpret this data, it also provides real-time updates and detailed statistical information to give a 360-degree view of how client relationships are going and how well deals are progressing, and also forecasts for future deals. 

If you could access this information 24/7, imagine how it would cut down on vast swathes of time-consuming work, including meetings, calls and emails to relay information between internal stakeholders. Imagine as well how it would give you a leg up against the competition if you could use hard data to predict and respond to client needs in a heartbeat. 

The good news is you can!

Introhive offers automated data management systems driven by AI that are proven to save time and effort across the board, while at the same time providing quantifiably better results than the way it has always been done before. Change can be very good.

Get a demo to see how Introhive’s AI augments your human skills

Long investment banker hours are not written in stone. Change doesn’t happen right away, but it can happen soon. Change powered by Introhive’s AI not only promises your team a good night’s sleep and a more reasonable work-life balance, but it also delivers high-quality insights that help your organization achieve peak performance by boosting revenue, retention, and relationships. 

Get in touch today to book a demo, and learn more about how Introhive can help your firm reach its goals through AI-based data enrichment.

Источник: https://www.introhive.com/blog/cracking-the-myth-of-long-investment-banker-hours/

What is Investment Banking?

Investment banking is a division of financial corporations that deal with the creation of new debt and security instruments, underwriting IPO processes, merge or acquire companies and help high net worth individuals and banks to facilitate high-value investments.

The moment you hear this term, many questions may arise in your mind –

But before we move on, let us first answer the most important question –

How does Investment Bank work?


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Let us first take an analogy of a property broker to understand Investment Banking more easily.

A property broker’s job is primarily two folds –

  1. Help buyers find clients and interested sellers to buy the flat, negotiate the lowest price, do the supporting paperwork, ensure that the title is clear.
  2. Help sellers find the clients and interested buyers to sell their flat, negotiate the highest price, do the paperwork, get the registration done, etc.

So how does property broker’s earn – commissions (maybe 1% to 10% of the transaction value).

Now in this context, think about Investment Bankers as “Financial brokers.” They help companies raise capital for projects, expansion, etc. and companies may look at various channels like Initial Public Offerings (IPOs), Follow-on Public Offering (FPO), Private Placements, etc. Also, the Investment Banking jobThe investment banking job description is a formal narrative that lists out the essential qualification, basic skills and technical skills required in a candidate to fill in the vacant investment banker position. It also explains the roles and responsibilities to be performed in this job position.read more includes Mergers and Acquisition Activities, where they play the role of Financial Brokers and help companies find suitable acquisition targets or suitable buyers for their companies.

So how does Investment Bankers earn – obviously commissions (maybe 1% to 10% of the transaction value)? Are you thinking how much may have made in the recent Twitter IPO?

The above analogy is very simplified, and in technical terms, IB involves the following.

  1. Equity ResearchEquity Research refers to the study of a business, i.e., analyzing a company's financials, performing Ratio Analysis, Financial forecasting in Excel (Financial Modeling), & exploring scenarios to make insightful BUY/HOLD/SELL stock investment recommendations. Moreover, the Equity Research Analysts discuss their findings & details in the Equity Research Reports. read more
  2. Sales and Trading
  3. Raising Capital through IPO, FPO, Private Placements, Bond Placements
  4. Underwriting and Market Making activities
  5. Mergers and Acquisitions
  6. PitchBook Preparation
  7. Restructuring and reorganization

Investment Banking Overview Videos

To understand Investment Banking functionsInvestment banks perform various functions for their clients, including initial public offerings (IPOs), mergers and acquisitions, risk management, equity research, structuring of derivatives, merchant banking, and investment management.read more and its roles in detail, I have prepared a 14 part, “What is Investment Banking?” video tutorial series to help you jump-start on this topic.

Part 1 – Introduction


Part 2 – Investment Banking vs. Commercial Banking

This part 2 video tutorial on Investment Banking vs. Commercial Banking discuss the following important basics-

  • What is an Investment Bank?
  • What is a Commercial Bank
  • Investment Banking vs. Commercial Banking.


Part 3 – Equity Research

This part 3 video tutorial Equity Research discusses the following –


Part 4 – What is Asset Management Company

This part 4 video tutorial on What is Asset Management Company AMC discuss the following

  • What is the Asset Management Company or AMC?
  • How does Asset Management Company work?


In this part 5 video tutorial on Buy-Side vs. Sell SideSell-Side refers to those corporations, investment banks and advisory firms who engage in the issuance, selling and trade-in of the financial securities. In contrast, the buy-side involves hedge fund companies, pension fund organizations and investment managers who purchase financial securities.read more, we discuss the following –


Part 6 – Sales and Trading

In this Part 6 video tutorial on Sales and Trading, we discuss

  • What is Sales & Trading?
  • Sales Function
  • Trading Function


Part 7 – Raising Capital

In this part 7 video tutorial on Raising Capital – how investment bankers help raise capital through Private Placements of shares, IPOs, and FPOs  –


Part 8 – Underwriters

In this 8th part on Underwriters, we discuss the following –

  1. What is Underwriting
  2. Role of Investment Bankers in Underwriting IPOs


Part 9 – Market Making

In this part 9 on Market Making by Investment Banks, we discuss the following –

  • Market Making
  • Role of Investment Bankers in Market Making Activities


Part 10 – Mergers and Acquisitions

In this part 10 video tutorial on Mergers and Acquisitions, we discuss the following –


Part 11 – Restructuring and Reorganization

In this part 11 video tutorial on Restructuring and Reorganization, we discuss


Part 12 –  Roles, Positions, and Hierarchy

In this Part 12 video on Investment Banking Roles and Responsibilities, we discuss the key roles and responsibilities of this job.

  • Analyst
  • Associate
  • Vice President
  • Managing Director


Part 13 – Front Office vs. Back Office vs. Middle Office

In this part 13, we discuss the following –


Part 14 – Conclusion


Free Tutorials

Additional Resources that you can use to enhance your knowledge –

  • Free Investment Banking Courses – This free course is a must for someone new to IB. This free course starts from Excel, then moves to teach Accounting concepts, Valuations concepts, and finally, Financial Modeling conceptsFinancial modeling refers to the use of excel-based models to reflect a company's projected financial performance. Such models represent the financial situation by taking into account risks and future assumptions, which are critical for making significant decisions in the future, such as raising capital or valuing a business, and interpreting their impact.read more. Try and make the most from this Free course.
  • Sell Side vs. Buy SideSell-Side refers to those corporations, investment banks and advisory firms who engage in the issuance, selling and trade-in of the financial securities. In contrast, the buy-side involves hedge fund companies, pension fund organizations and investment managers who purchase financial securities.read more –  This article provides you with the frequently asked difference between the sell side vs. Buy side in IB.
  • Investment Banking Questions & Answers  – This article details the frequently asked interview questions on IB. As a fresher, you may find these resources useful.
  • Investment Banking Associate Salary – So, what is the salary of an IB Associate. If you move into IB and get promoted to an associate from an analyst position, what is the typical salary that you can expect?
  • Guide to Investment Banking Pitch Books – This guide to IB pitch book provides you with nuts and bolts of preparing a pitch book. Pitchbook is nothing but professional presentations prepared by Investment bankers when they communicate with clients.
  • Equity Research Guide – This comprehensive guide on equity research provides a bird’s eye view of What equity research is all about, what to expect, skills required to become an equity research analystAn equity research analyst is a qualified professional who interprets financial information and trends of an organization or industry to provide recommendations, opinions, reports, and projections on the corporate stocks to facilitate equity trading.read more, and how to prepare an equity research report.
  • Financial Modeling Training – This financial modeling training is a very detailed case study. In this, we take a live case study of Colgate, download its annual reportsAn annual report is a document that a corporation publishes for its internal and external stakeholders to describe the company's performance, financial information, and disclosures related to its operations. Over time, these reports have become legal and regulatory requirements.read more, and prepare a fully integrated financial model linking the Income Statement, Balance Sheet, and Cash Flows. This tutorial is a step by step guide to learning Financial Modeling, where you will find an unsolved excel case study and solve Colgate Case Study.
  • Investment Banker Lifestyle – In this article, we discuss a typical day as a Banker. What are the work timings, job responsibilities, pressure situations, etc.
  • Investment Banking Course – If you want to learn IB professionally, you can also opt for this course. In this course, 99 video courses are covering a range of concepts from AccountingAccounting concepts are the principles, assumptions, and conditions that govern accounting's foundation. They ensure that the accounting is done in a way that the financial statements present a true and fair view.read more, valuations, financial modeling, pitch book, LBOs, Private Equity, etc.
  • Also, check out the Top Boutique Investment Banks, Top Bulge Bracket Investment BanksTop 10 bulge bracket investment banks are - Blackstone, Goldman Sach & co, Morgan Stanley, J.P Morgan Chase & co, Bank of America Merrill Lynch, Credit Suisse, Citi, Deutsche Bank, HSBC, UBS.read more, Top Middle Market Investment BanksThe deals of a mid-tier investment bank range from USD 50 million to USD 500 million. They offer the same services as the bigwigs, i.e. bulge bracket banks, but are not as geographically present internationally as they are.read more.

What Next?

This article has been a guide to what is Investment Banking and its domains like Equity Research, Sales & Trading, M&A, etc. If you learned something new or have any comments/questions/suggestions, please drop me a note in the comment section below.

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Источник: https://www.wallstreetmojo.com/what-is-investment-banking/

Why Investment Banking is a Great Field for Recent Graduates

Investment banking is a popular field for recent graduates, particularly among business and finance majors. Although it’s definitely a competitive field, a lot of its appeal comes from the fact that it’s also a field with a lot of opportunities and a high earning potential. If you’ve already gotten a general idea of what investment banking is and how you can become an investment banker, then you’re probably interested in what you can get out of it and how this can shape your career path in the long term.

Here are some of the reasons why investment banking is a great field for recent graduates.

You’ll learn a lot very quickly

Due to its fast-paced nature, investment banking offers a lot of opportunities for learning and skill building, particularly in the areas of business and finance. From the moment you start your first entry-level job (or internship) you’ll be exposed to a lot of information about financial trends and markets, as well as information about what makes businesses sustainable. Beyond that, you’ll also be able to learn soft skills like communication, self-confidence and the ability to handle critical feedback. These are skills that can take years to develop in other professional industries and learning them quickly means that you’re likely to advance much faster in your career as a result of having these experiences.

Your earning potential will be among the highest of any recent graduate

If you’ve done your research on investment banking, then you know that it’s a field with a very high earning potential. In fact, as an entry-level financial analyst, you’ll start off earning anywhere from $100,000-$125,000 (including bonuses) in your first year. After two years in a financial analyst role, your earning potential will go up to $150,000 to $250,000 and will increase significantly with each year of additional experience. By the time you become a vice president or managing director, you’ll be earning upwards of $650,000.

You’ll develop transferrable skills that you can use in any profession

Although many investment bankers choose to stay in the industry and progress through the career track from financial analyst to managing director, other bankers decide to move into related areas of finance like private hedge funds or they choose to leave finance entirely to run or advise startups. Regardless of what you decide to do later on in your career, the skills and business savvy you develop as an investment banker will help you transition into almost any other professional industry. This is great news for entrepreneurs who are interested in running their own businesses but want to build up their knowledge and skill set first.

You’ll develop a strong professional network

Having a strong professional network is incredibly important as you move through your career, and being able to build that network early on will serve you well for years to come. As an added bonus, because investment bankers often move into other fields as they advance in their careers, you’re likely to come across former colleagues no matter where you end up.

Starting an investment banking career as a recent graduate is a great way to develop general business knowledge and skills that can transfer to any other professional industry. So whether you’re a business major or a history major, there’s likely to be an entry-level opportunity that’s right for you.

Next, get more career tips for internships and entry-level jobs such as How to Get a Mentor at Work and find answers to common interview questions such as What Are Your Strengths?

  • Tags:
  • entry-level job,
  • full-time job,
  • investment banking,
  • preparation,
  • application,
  • Business,
  • finance,
  • underclassman,
  • senior,
  • postgrad
Источник: https://www.wayup.com/guide/why-investment-banking-is-a-great-field-for-recent-graduates/

A Complete Guide To Investment Banking

If you have a strong interest in finance and the stock markets, then a career in investment banking may be for you. Unlike other types of bankers, investment bankers work specifically with corporations and governments, offering financial advisory services and help with executing transactions. Learning about what investment bankers do can help you determine whether this is a path you want to explore further.

In this article, we discuss what investment banking is, what investment bankers do, how much investment bankers typically earn, the skills you need to succeed as an investment banker and the steps you must take to become one.

What is investment banking?

Investment banking is a division of banking operations designed to help organizations, corporations and governments raise capital by executing transactions like mergers and acquisitions and accessing financial consultancy services. Investment banks act as the intermediary between institutions that need capital to run and grow their businesses and investors looking for investment opportunities. Investment banks also underwrite equity securities and new debt for all types of corporations and offer guidance for companies regarding the issue and placement of stock.

Read more:What Do Investment Banks Do? Definition and the Role of Investment Bankers

What does an investment banker do?

Investment bankers serve in an advisory capacity for governments and corporations. They offer their clients various advisory services, help them raise money in the capital markets and provide guidance with mergers and acquisitions. Some of their key responsibilities include:

  • Developing different types of financial models in order to value debt and equity for capital raising transactions, mergers and acquisitions
  • Developing recommendations for mergers and acquisitions, product offerings, valuations and private equity transactions
  • Performing various valuation methods
  • Preparing and reviewing investment memoranda, pitch books, management presentations and other materials used to help clients gain financing
  • Performing research, analysis and documentation prior to transactions
  • Developing and maintaining relationships in order to expand the business
  • Creating presentations for different client portfolios

Related: How To Get Into Investment Banking

Average salary of an investment banker

The average salary for an investment banker in the U.S. is $84,044 per year. Some salaries range from $53,219 to $180,000 per year depending on the financial institution and the candidate’s experience, geographical location and skills. Usually, investment bankers at large banks make more money, including salary and bonuses. Top-performing banks may pay an annual base salary of more than $200,000 to recent graduates from prestigious finance programs.

Read more: How Much Do Investment Bankers Make?

Functions of investment banking

There are seven primary investment banking functions, including:

  • IPOs: Companies work with investment banks when they're issuing an IPO, or initial public offering. The bank helps the company to set everything up and list the IPO in a stock exchange.
  • Mergers and acquisitions: This is another major function of investment banks. A merger and acquisition in the area of finance, strategy and management that deals with the joining or purchasing of companies. Investment banks can represent either the buyer or seller in a merger and acquisition. It helps complete a company valuation and can help a company raise funds for mergers or acquisitions.
  • Risk management: Investment banks help companies manage their financial risks in terms of loans, liquidity or currency. Investment banks also help companies control legal and compliance risks, operational risks, business risks and investment risks.
  • Research: Investment banks perform a wide variety of research, including fixed income research, equity research, qualitative research and macroeconomic research. The bank then shares the results of its research with its clients.
  • Merchant banking: Investment banks provide consultancy for financial, legal, managerial and marketing matters. They can help clients to raise financing, manage portfolios and even provide special assistance to small businesses and entrepreneurs, among other services.

Why is investment banking important?

Investment banking is important because it makes it possible for businesses and governments to get advice on how to manage their financial challenges. It also makes it possible for them to obtain financing, whether from bond issues stock offerings or derivative products. The investment banks make it easy for large corporations and enterprises to connect with investors.

Read more: Top Job Paths for a Career in Investment Banking

Who do investment bankers work with?

Investment bankers work with a variety of different clients, including:

  • Entrepreneurs
  • Small businesses
  • Corporations
  • Governments

Investment bankers are essentially financial advisors to these corporations or government entities, and their main objective is to help their clients raise money. That may mean issuing a bond, negotiating the acquisition of a rival company, arranging the sale of stock or arranging the sale of the company itself.

Skills you need to work in investment banking

The primary skills you need to develop to succeed in the field of investment banking includes:

  • Analytical skills: In order to succeed in investment banking, you need strong numerical and analytical skills. You must be able to perform research, gather information and then analyze that data to reach a logical conclusion.
  • Teamwork: Investment bankers typically work as part of a larger team in order to meet the needs of their clients. In order to succeed in this environment, you must have excellent teamwork skills and, ideally, team leadership skills.
  • Work ethic: The field of investment banking requires high energy and a strong commitment. Aspiring investment bankers must have a strong work ethic to thrive in this type of environment.
  • Communication skills: Because investment bankers are required to communicate with clients and create reports, they need strong verbal and written communication skills.
  • Time management skills: Investment bankers typically work on more than one account, which means they must have strong time management and project management skills in order to successfully balance their time and meet all of the applicable deadlines for their work.

Related:12 of the Highest-Paying Finance Jobs

How to become an investment banker

Here are the basic steps you need to take to pursue a career as an investment banker:

1. Get a bachelor's degree

Investment bankers are required, at a minimum, to hold a bachelor's degree. Consider pursuing a degree in accounting, finance, business administration or another closely related business degree. Regardless of the specific degree you choose, it's important to complete coursework in finance, economics and mathematics.

2. Complete an internship

While investment banks don't require that entry-level candidates have work experience in investment banking, the hands-on experience you gain within an internship can make you more competitive as a candidate, especially if you complete your internship in a relevant industry.

3. Pursue entry-level opportunities

The next step you need to complete is to find an entry-level position in an investment banking firm. If you choose to seek employment after completing your master's degree, then you will likely have an edge over other applicants. You may also qualify for more advanced positions.

4. Consider a master's degree

Though not necessarily required to work in investment banking, you likely will be required to have one to advance in the field. Additionally, completing a master's degree makes you more competitive as a candidate for advanced positions.

5. Pursue licensing

Investment banks often require securities licenses, such as the Series 63 or Series 79. In order to obtain these licenses, you must pass an exam. Candidates must be sponsored by a Financial Industry Regulatory Authority (FINRA) member firm to take one of these exams.

Источник: https://www.indeed.com/career-advice/finding-a-job/investment-banking

Back to Vault Guides

When businesses and governments need capital, they call on investment banks for help. Investment banks intermediate between issuers of securities and the investing public, distributing offerings through their dealer networks or direct sales to clients. They also securitize assets, structure corporate mergers and acquisitions, and arrange private placements of debt or equity securities. Are you considering a career as a go-between for the world's movers and shakers and their investors?

The Vault Career Guide to Investment Banking, Second Edition provides an insider's perspective on what's happening in the industry, what it takes to break in, and how to advance your career. Whether you seek to trade stock or become a research analyst for an established investment bank, this guide can help you master every step of your job search.

Vault Career Guides offer an industry insider's view of what it takes to land a job in your chosen profession. Each volume provides a comprehensive overview of the industry and expert advice and tips for uncovering job opportunities, networking, preparing your cover letter and résumé, interviewing, and keeping current on industry news and trends. Interviews and case studies offer behind-the-scenes glimpses of what hiring managers look for in a candidate and how others have succeeded in landing their jobs or advancing their careers. An extensive glossary and resource list put all the industry knowledge you need to succeed at your fingertips. 

Each Vault Career Guide includes:

  • The Basics: Everything you need to know about what your industry does, who works in it, and the pros and cons of pursuing a career in the field.
  • Making Connections: Practical information on researching potential employers, networking, and getting in the door.
  • Careers in This Industry: A look at life on the job and the industry culture.
  • Talk Like a Pro: A glossary of industry jargon and key terms.
  • Resources: Associations, organizations, websites, and other resources to help you plan and advance your career.

Источник: https://firsthand.co/vault-guides/guide/vault-career-guide-to-investment-banking-second-edition
why investment banking

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