Junior Investment Banking Jobs

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Kison Patel is the founder and CEO of , a Chicago-based agile management software that uses Agile principles to innovate and modernize the financial industry. As a former M&A consultant with more than a decade of experience, Kison evolved after seeing firsthand the deep structural problems and inefficiencies of the industry.

Junior Investment Banking Jobs

The role of investment banker is one of the most sought after jobs in the financial sector.

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Big investment banks have an ongoing cachet that most companies can only aspire to – they give their employees a compelling mix of attention and prestige.

But investment banking is not limited to Wall Street alone. There are thousands of investment banks of various sizes and niches operating in the United States.

In this article, we look at some of the specifics of this job, the pros and cons, and what you can expect from a career in investment banking.

Investment banking is an advice-based financial division that deals with a wide range of financial transactions that often involve companies, organizations, investment funds and governments.

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At the beginning, it includes the investment banks that arrive at the valuation of the company, which determine the opening price of the public index of their choice, and also take care of all the problems of compliance.

From here, the investment bank arranges the IPO with the investors and compiles the sales documents for the company to be presented to the investors.

Finally, for the listing itself, the investment bank usually (but not always) writes the contract, to ensure that the opening price is sure to reach a certain level.

The biggest source of income for investment banks, and one of the most popular, is through the advisory services they provide for mergers and acquisitions.

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Almost every M&A transaction involves at least one investment banking team, and the largest ones usually consist of a few teams.

When corporations and governments want to issue debt – usually in the form of fixed debt instruments such as corporate and government bonds – they turn to investment banks to issue the debt in the market, and help set the terms of the loan (interest rate, time, etc.)

Investment banks often use advanced research as a Trojan horse (that is, pretending to perform superior work), to map the potential market position of the hiring party, whether it is a company, fund or government.

And while it’s undoubtedly a challenging and exciting job, the pay is often what makes most people choose careers over careers.

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The number of candidates applying each year for roles in investment banking indicates a career that many consider to be a rewarding career.

In 2021, the last time it published job application figures, Goldman Sachs received 19,000 applications for 440 jobs available in European graduate programs, and 100,000 applications for 2,900 global internships. .

As a result, you are looking at less than 100 applications per share. The wage rate here is about 1-2%.

By this arbitrary measure, one would consider a career in investment banking one of the best around. And that, for a special character (see the section below).

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Investment banking salaries can be very attractive. But the industry is also notorious for waste and burnout due to poor work-life balance.

According to the report of careerexplorer, banks give their job satisfaction 2.7 out of 5 stars which puts them in 9% of jobs.

“One aspect I really like is that I can help manage the risk discussion. When we start thinking about a new company or business, I help shape our risk thinking and help formulate assumptions to get us on getting the right place. I spend a lot of time asking the right questions and looking, that part is exciting.” (link).

“Walking on the floor, you will hear people speaking Japanese, Korean, Cantonese, Mandarin and English. There are many different cultures represented here.”

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The best part, Michelle added, is that no matter what language her partner speaks, there is a feeling

“The idea that in five or six years I’ll be the CEO is very exciting. If I’m still working at Chase in 20 years, it won’t surprise me at all. I discovered a lot of things I didn’t even know I had should be looking in a company, career path and team. The growth of the work I was able to contribute to, and the impact it has on our customers and the company, even after six years, still amazes me .” (Link).What roles are available?

When advising clients, you must be an expert in the field. This is where investment analysts come in – often specializing in one or a few select industries.

These analysts become experts (for example in oil and gas, or telecommunications and media) to help compile business documents and advise throughout the process. for customers in this industry.

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An associate is a position that connects investment analysts with senior members of the investment banking team.

Sometimes they will deal with clients, but most of their work is to act as an executive in the work of an investment analyst – checking sales documents and valuations to ensure that the all and can be offered to customers (or first, senior bankers … see below).

These people – sometimes called ‘rainmakers’ – drive sales and close deals for investment banks.

Investment banks spend a lot of money to make sure they have the best senior bankers in the industry – often with a long list of client contacts, and a lot of experience in closing deals.

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The size of the transactions – even those at the bottom of the market – means that by taking only a percentage, investment banks generate large amounts of money, which are distributed freely, mostly with their banks.

Regardless of the size of the investment bank, the position usually falls into one of four categories. In order of responsibility, they are analysts, partners, vice presidents and directors.

Inevitably, the salaries for these positions vary from bank to bank, and the higher the profile of the investment banker, the higher the salary.

There are technical limitations here, it’s not hard to see how it adds up quickly, but also how hard it is to put exact numbers.

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It’s safe to say that you’ll be making a six-figure profit within a year or two. Then it depends on your negotiation skills.

The first two are the majority of junior investment banking jobs (analysts) and the further you go in your investment banking career, the more time you spend on sales and negotiations.

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It also helps to have good business skills. Blue chip investment banks often use group interview techniques, where they look at how you interact with other people and get your point across.

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For example, they can propose a few investments and ask the group to decide which to send to the investment committee.

The HR manager will just sit back and watch what happens when the interviewer argues with the person they met a few minutes earlier.

There is no specific career path for investment bankers, but investment bankers have the option of numeracy degrees.

Increasingly, this means that engineering and physics graduates find their way into the workforce, but most hires come from the fields of economics, finance, business and management.

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And of course, being from a prestigious school isn’t a bad thing (in fact, it’s a distinct advantage), but it’s not absolutely necessary.

‘Personality’ is not a heading you would expect to find in a careers guide, but few would say it deserves no place in a careers guide. investment bank.

The requirements of the job – mentioned above – are so demanding that it is not a job for everyone.

In short, investment banks are looking for highly motivated, ambitious people who are willing to work long hours, often under intense pressure.

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Fortunately, this is changing and not before time. That said, women already hold top positions at most blue-chip investment banks, with Suni Harford chairing UBS Asset Management, for example.

There is of course still a long way to go, and this is another sign of the macho nature, common to investment banking, that still exists in some parts of the industry.

The best proof that you have what it takes to work in investment banking is experience in investment banking.

That’s why blue-chip investment banks offer (painful) internships to test the ropes of those who want to join.

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