How to Become an Investment Banker?

Investment Bankers are mainly responsible for bringing investment for governments, corporations and financial enterprises. Investment Bankers are funding institutional experts with believable communication skills and robust analytical potential. These financial experts help institutional consumers in various tasks like fundraising, acquisitions and mergers. 

To be an investment banker, candidates must have a Bachelor’s or Master’s degree in Finance and Banking, like an MBA or MBA Finance. Aspirants or Chartered Accountants having a CA degree are qualified to become Investment Bankers. Admission to Investment Banking courses can be done through merit-based and entrance-based. 

Being an Investment Banker with more than 22 experience, one can earn up to INR 30,00,000 lakhs per annum and in specific situations. The average compensation of Investment Bankers is available between INR 7,50,000 to INR 11,00,000 lakh per annum. A few of the best employers for Investment Bankers are JP Morgan, Goldman Sachs and Morgan Stanley.

How to Become an Investment Banker? – Course Details

Eligibility Required to Become an Investment Banker

Educational Background

• The minimum eligibility requirement to become an Investment Banker is a Bachelor’s degree, usually in economics, finance, accounting, business administration or a relevant specialization.
• Aspirants from Class 12 in any stream like Commerce, Arts or Science can do Investment Banking, but a commerce background is prioritized because of related subjects such as Mathematics, Business, Accountancy and Economics.
• For modern profiles or career development, a Master’s degree such as MS in Finance, an MBA or relevant sectors is greatly preferred and sometimes needed by the best funding banks.

Entrance Tests

• For Undergraduate admissions – SET, CET, CUET, DU JAT, etc.
• For Postgraduate MBS or Finance – GMAT, CAT, XAT, NMAT, SNAP, etc.
• For Doctoral Courses – CSIR UGC NET, UGC NET.

How to Become an Investment Banker? – Admission Process

Students willing to become a successful Investment Banker must go through below methods to get admission in various financial and banking institutes.

• Aspirants must obtain at least 50% scores in higher secondary education from a recognized Board.
• They need to become eligible for relevant entrance tests, depending on their targeted UG or PG courses.
• You need to enroll in and finish a Bachelor’s course in Economics, Finance, Business Administration or Accounting.
• Obtain experimental experience via Internships at financial organizations or investment banks, that are essential for networking and skill development.
• You need to undertake an MS in Finance or an MBA for excellent job prospects and quicker career development.
• In a few nations, registration with regulatory authorities and clearing tests may be needed.
• You need to apply for associate or analyst profiles, using job platforms, campus placements and referrals. The employment procedure includes different rounds of technical and behavioural interviews, resume screening and sometimes financial modelling exams or case studies.

Topics to Study to Become an Investment Banker

Salary of An Investment Banker

Investment Bankers can earn lucrative salary packages. Compensations differ depending on employer, destination, educational background and experience.

Skills Needed to Become An Investment Banker

The primary qualities of the best Investment Banker are a robust analytical mind with the potential to perform like a team. They must also have a fresh mind and ambitions to understand new things.

A few of the Investment Banker skills are detailed below for your reference.

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