The career that I have chosen for my future is to become an investment banker. Becoming an investment banker is one of my biggest dreams. The life of an investment banker is rewarding as well as very demanding. The compensations for the hefty workload is having a large bank account, working for a large financial institution and facing the great challenges of making sure that capital is raised for investors.
Let me define what investment bankers actually does and the roles that they have in with an investment firm, which we’ll get to later. Investment bankers have different roles which include various jobs, including selling, underwriting, and trading securities, managing assets, and providing financial advisory services. Investment bankers provide entities to companies, individuals and other groups. They help their clients raise funds on the capital market. In short they help gain revenue for clients.
Six figure salary, signing bonus and a moving bonus are the typically compensation that are associated with the being an investment banker. Who wouldn’t enjoy a paid vacation and living in a luxurious pent houses? The investment banking compensation generally varies based on levels of seniority. From first year analysts to managing directors/ partner, the pay is traditionally heavily weighted toward the investment banking bonus portion of the compensation which is part of the reason for such long hours. If you add together the signing bonus, salary, and potential bonus for an investment banking analysts you arrive at a pretty good number. Potentially the compensation is around $70,000 to $150,000. But that’s where someone has to make the decision if the compensation is worth the long hours and workload. There is an old saying “No pain, no gain” and this statement is very true for this career.
An institution that specializes in buying and selling large blocks of securities and in raising funds for capital expansion is the definition of an investment bank....