How to Become an Investment Banker (Complete Guide)

How to Become an Investment Banker

This is a complete guide post on how to become an investment banker. If you’re interested in becoming an investment banker, this guide will walk you through the process quickly and easily. Whether you are looking for the best way to become an investment banker or just want to know what’s involved, this guide will help you a lot.

Investment banking is one of the most money-producing jobs for any individual in any country. Especially in the US, where a fresher gets paid quite more than even a software engineer, people think of becoming an investment banker.

In this post, we will look at different sides of investment banking. We shall discuss different questions regarding investment banking, starting from – what it is, how it is different from commercial banks (the banks that we deal with in our regular life), and of course – the main topic of the post – How to become a successful investment banker.

So, let’s start the post from the absolute beginning so that you can understand everything related to investment banking.

Investment banking is a kind of big banking system that usually involves great transactions with giant companies for loans, IPO, etc.

So, investment banking is the profession where you take care of and assist mostly financial transactions between giant companies for ultra-big transactions. Investment banking is never as easy as commercial banking, and that’s the reason why investment bankers get double or even triple the salary of a normal commercial banker.

The first step to getting into any job is to study and gain the required knowledge. The same applies to investment banking. In the upcoming lines, you will learn about the academic qualifications you will need to become an investment banker.

Finish Class 12 To Become an Investment Banker

The first step to getting into investment banking from the academic perspective is to pass out your 12th class. In some countries, there are some necessities for having good marks (for example – more than 50%) to get into investment banking.

If you haven’t passed class 10th and are planning to get into only these kinds of fields, the most appropriate field of study will be commerce. However, students from Science backgrounds can also come into this field. Even if you are from an Arts background, investment banking will not be the toughest job for you.

A great academic performance is always a key point in the way of getting selected for any job. So a good academic performance or a glorious mark sheet is always preferred.

The Mark Sheet

The mark sheet indicates your rote learning ability in the particular class and your ability to grasp things at a certain age and digest them – which is undoubtedly a matter to consider for a job interviewer. Investment banking is one of the most preferred jobs in the United States; that’s why the demand to get into the field is pretty high. And some factors keep you ahead of others in your career.

The college/university

It’s a fact that interviewers usually give preferences to the students appearing from good and renowned colleges or universities. Because it ensures that the student who has been admitted to a top college or university has at least a good depth of knowledge in their field.

So, if you are from a good school or college, the chances to crack an interview in any investment bank are usually in your favor during the interview. Interviewers are seen to prioritize students appearing from top-tier colleges like – Oxford university or Cambridge University.

But, if you are not from any renowned school or college, don’t worry. You still have plenty of chances to be an investment banker (remember: we have said that students from top schools or colleges get priority/preference, but they are not the only ones who get selected.) But it is always recommended that you should have depth in the subject you are studying.

If you got a good college degree, the next thing you can do is to get into an advanced study in finance, especially investment banking. There are many colleges in the US which are offering these kinds of degrees.

Having one of these degrees on your resume surely puts you ahead of any interviewer. They also certify that you are more eligible for the job than others because you know what the job deals with and will be your duty in the job. An MBA is one of the preferred degrees in this case, and again, an MBA from a top college is always in your favor.

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Interview To Become an Investment Banker

From the very later of getting just a college degree, you should look for these interviews of investment banks held in different places. The best places are the interviews held in your college – which provide the maximum chances of getting selected. Get good marks, grab some related skills, and you are all set.

Conclusion

So these were the basic steps to becoming an investment banker. We have only discussed the most common ways to become an investment banker. Getting a job is never easy because of the popularity of the field and the demand for the job. An internship might help you make the impression of already having previous knowledge of the job, which is highly appreciated.

I am a well-skilled experience Stock Marketer and Investor. I have good knowledge of the stock market and investment. I have completed Bachelors in Finance And Investment from the University of Virginia (US).
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