Career as an Investment banker in an most challenging as well as risk full in the field of Finance. Well, There are many people who love to work as an Investment banker. Here in this article, I am sharing with you the complete details about the how to become an Investment banker in India. We will get to know about the required eligibility Criteria as well as complete process to become an successful Investment Banker in India. All the information, I have shared in the below paragraphs. Check out the article to the detailed information about this.
It is always said that a candidate who has done class 12th with commerce or any accounting related subject can only for the investment banker. But, It is possible for everyone to become an Investment banker either they are from a science background, Arts, Humanities etc. There is some basic requirement to opt for an Investment banker. That I will discuss in the below paragraphs.
Know more- BEST PROFESSIONAL COURSES AFTER 12th COMMERCE
Ways to Become Investment Banker:
Career as an Investment Banker is very lucrative as well as high paying in the world. Most banking professional and other experienced professionals try to make their career in this field. Well, It is not easy to be one. But Profession is a most trending profession in today’s market. Many people are trying to be Investment Banker but the jobs in this field are very limited. If you would not be good at it. It is even hard to survive in this field. There are many myths and much false information available related to the Investment bankers. I will try my best to clear out everything about this.
First of all, I would like to tell you that there is no courses or any particular subjects that can make you an Investment Banker. It is all up to you education related to finance. recruiter always recruits the best talent. Your degree and other certificates are useless. Your skills, your knowledge about the field is everything. It is hard to survive for a fresher in this field.
Well, there are several courses that a candidate opt for in order to become an Investment banker. But, none of these courses is specially designed for this. In these courses, you will get to know almost every theoretical knowledge about finance. Most of the candidate opt for regular graduation courses like BSc, BA or Bcom etc. if you have the aim of becoming an Investment Banker, You must pursue a course that is related to your field. Let’s see the courses that one can go for after class 12th. After the course, you have to plan your own way to move further.
Education Criteria for Investment Banker:
There is no particular subject or chapter for the Investment Banker. You have to select the courses that is related to your field. Here are the some course suggested that one can go for:
MBA (Master of Business Administration):
Master of Business Administration is the most pursued course by any Investment Banker. As the Syllabus of the MBA covers almost every aspect of Investment Banking and it gives you knowledge about every discipline. One gets to learn in MBA about how to become an Investment banker in India
- Business acumen
- Financial Analysis
- Management Consulting
- Accounting knowledge etc.
To gets admission to the MBA, You will need to clear the national Level Entrance Examination. There are also some colleges that offer direct admission or through the Interview. But A candidate who pursued an MBA from any reputed college like the Indian Institute of Management (IIM) or IITs etc. It becomes much easier for them to enter in IB (Investment Banking) Industry.
Chartered Financial Analyst (CFA):
This is also a better course for your career in the Chartered Financial Analyst (CFA). There are some levels in the CFA. If you are a Level 3 candidate or Level 2 candidates, you can enter into the IB (Investment Banking). CFA is most preferred in Industries like:
- Investment Banking
- Management Consulting
- Hedge Funds
- Mutual Funds
- Brokerage firms
- Investment Firms
Charted Accountant is another required education for Investment Banking. The Charted Accountants are shifting to Investment Banking on a very large scale. As IB (Investment Banking) is very popular among the CAs because of its pay Structure.
You can also for the normal graduation like B.com or any other courses which are related to this. Remember, there is no specific course for this. you have gathered knowledge and knowledge to succeed in this. Always opt for the course which is related to this.
Skills Required for Investment Banking:
There is nothing much in this section but you must focus on building these skills. It may help you a lot throughout your career. It is not hard to become an Investment banker if you are passionate about it. Your passion will take you to your dreams. Well, here are the following skills that are mandatory to have in the 21st century. how to become an Investment banker in India.
- Analytical Skills
- Mathematical Skills
- Basic Finance Knowledge
- Excel and PowerPoint Skills
- Stock Exchanges (Globally)
- Knowledge about Wealth management.
- Financial Modelling etc
These are some very important skills that one must learn in order to be better. Well, this is the field where your practical experience does matter a lot.n If I tell you about the Indian Market. Unless or Until you are from Tier 1 MBA College, There is no short or direct route to enter Investment Banking.
Courses for Investment Banking:
There is a number of courses available for training and education about Investment Banking. You will also get a certificate after the completion of the course. The Investment courses are extremely costly. Well, It is completely okay to join the courses and get complete knowledge and get trained well. But, It is not mandatory to join the Investment Banking courses.
There are many other options also from where you can gain complete knowledge about this like YouTube, Blogs, Articles etc. If you have no idea about the Investment Banking or you have just done graduation like B.com or BSc etc. You must go for this to get sufficient knowledge about this. Now let’s look at the Employment area for Investment Banking Professionals.
Employment Area of an Investment Banker:
There are several regions in the market where an Investment banker can look for a job. The type of job depends on the candidates and his interest. One can choose any one domain or can work on multiple domains. It also depends on the requirement as per their firms or Industry. Here is some employment area for a fresh Investment Banker:
- Mergers and Acquisitions (M&A)
- Sales and Trading
- Capital Markets
- Private Equity etc.
Top Recruiting Companies for Investment Banker:
There are many companies that recruits the fresh investment Banker as well as the Experienced Investment Banker. It is not possible to mention the name of the every company. Here is the list of some leading company or firm related to this:
- Goldman Sachs
- Bank of America Merrill Lynch
- Morgan Stanley
- JP Morgan
- Wells Fargo
- Citi etc.
Average Salary of an Investment Banker:
This is a field that is known for paying well. This may be the reason why people want to become Investment Banker. Well, the Salary or payout depends on many factors like your knowledge, your experience etc. On Average, At the initial level, One can make between 20,000/- per month to 40,000/- per month etc. After some years of experience, your salary or your payout can be between 20 lakhs per annum to 50 lakhs per annum or even more.
FAQs: How to Become an Investment Banker in India
No, Anybody can become an Investment Banker who have knowledge about the field.
No, you just need to have knowledge about Accounting, Finance, Mathematical, Reasoning as well as Marketing etc. You can also go for the MBA to get theoretical knowledge about this.
The best way to start the course and gain sufficient knowledge about the field. This is the best and easiest way to start your preparation for this.