Careers in the finance field such as investment banking (IB) is rewarding and extremely lucrative but also demands a lot of hard work and efforts.
Also,
due to the need for strong emotional and mental connect for such careers, an investment banking firm seeks candidates
having specific skill sets and potential. You will find multiple job roles in
the finance field and one of the highest-ranking fields is IB.
An
investment banker takes account of facilitating transactions between two firms
like mergers and acquisitions, or within a firm, or between the market and the
firm. Such roles influence a varied set of skills the banker needs to possess.
Below
are the top skills for candidates looking to take up a career in investment banking:
Discipline
The IB
firm requires individuals who are disciplined and sharp always. Since most of
their work requires meeting clients and building good rapport amongst their
clients, these individuals need to look their best. Moreover, these individuals
represent their organizations thus they need to be on their best behavior.
Communication
Communication
skill is one major aspect the individual needs to possess. They must be good
both in written and verbal communication. Besides this, they need to be good
listeners too. Every client has their way of communicating with people, thus,
these individuals must have the capability to adapt to different situations.
Professional
An
investment banker needs to behave professionally with all their clients. The
way they communicate with investors should catch their interest in the company.
They need to be prepared to answer any type of question related to the company. You can have a professional certification in investment banking from a recoganized institute/university.
Acquiring capital
Staying
in sync with the current happenings in the market is one integral skill the
individual must possess. They need to know every detail and information about
the market. They should be able to tell you when would be the best time to sell
shares or stocks of the organization ensuring they generate maximum capital.
Building a relationship
Every
investment banker needs to know how to build and maintain a relationship with
other clients. They must treat each and every client with the utmost respect.
Positive attitude
Every
individual working in an investment
banking firm needs to possess a positive attitude and muster confidence in
every responsibility they take. They need to show the investors that they’re up
to date with everything happening within the organization. The way they present
and speak also describes the organization they represent.
Work oriented
Most
individuals working in investment banks are work-oriented and hardworking. To yield
maximum benefit from the job role, the individual needs to be prepared to work
long hours or even do overtime. And since most of their work requires meeting
clients, they need to be punctual at all times.
Global
We all
know that the world is connected globally and the business world is no
different. Open-mindedness to work with different cultures expands the
capability to work internationally. Not to mention, combining those sets of
capability and knowledge is one of the sought-after skills the investment banking firms expect from
their candidates.
In conclusion
An
investment banker is said to possess impeccable quantitative skills. And since
the nature of the job is fast-paced, the capability to perform a valuation
right on the spot while managing other tasks can help the
investment banker succeed in their careers.
Some of
the world’s top investment banks include names like JP Morgan Chase (JPM), Barclays
(BCS), Goldman Sachs (GS), Morgan Stanley (MS), Bank of America Corporation
(BAC), Credit Suisse (DHY), Deutsche Bank (DB), and Citigroup (C).
To become
a successful investment banker, you need to have the guts to overcome all
challenges that come your way.
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