Entering the investment banking industry is not a tough nut to crack. However, several individuals do not know and are finding ways how to get into investment banking so that they can also be part of this growing industry.
Getting into the investment banking industry can be a competitive process, but with the necessary educational prerequisites, skills, networking, determination, and certification one can maximize their chances of breaking into this field.
Here's a detailed guide on how to get into investment banking:
Prerequisites
The educational prerequisites are relaxed. A bachelor’s degree in finance, economics, business, or a related subject discipline would be enough. However, people usually prefer pursuing an MBA to get a smooth entry into this lucrative industry to excel in their investment banking careers. Some candidates come from backgrounds like engineering, mathematics, or computer science. To acquire various kinds of securities licenses, especially in the US, one is required to pass tests, like Series 79, Series 63, and Series 7.
Skills
Knowledge and excelling in core financial skills such as financial modeling, Mergers and Acquisitions (M&A), Initial Public Offerings (IPOs), stock prices and other transactions be will helpful. Apart from these, there are other vital skills like communication, negotiation, deal-cracking, persistence, networking, and more.
Professional Certifications
Enrolling in industry-relevant certifications will be useful for enhancing investment banking career path. These certifications are useful to develop one’s intellect and problem-solving skills and make an individual rights hire to join a reputed investment bank. They also provide overall help to understand the intricacies of the investment banking industry and to land a high-profile job.
Industry Updates
Staying informed about the latest market trends, industry news, and the financial health of the organizations will be fruitful. Knowledge of current events and industry dynamics like the latest mergers and takeovers is also essential.
Experience
Try to do internships or get into entry-level positions in finance-related roles. Internships at boutique banks, asset management firms, or corporate finance departments can give valuable experience.
With my experience, I have understood that entering the investment banking industry is very challenging. However, it can be highly rewarding and lucrative by making sure to be persistent enough. Tailor your approach based on your strengths and interests, and continuously look for opportunities to improve your qualifications and marketability in the industry.
