Investment Banking Analyst

An investment analyst undertakes research to provide information and investment ideas to fund managers. Based on the information they provide fund managers make decisions relating to the investment portfolios they manage.
Advantages of this position include a higher salary than average and potential bonuses. The position has an above average job growth of an estimated 16% from 2012 to 2022. Investment banking analyst are usually located in large financial centers. Though this job requires long hours, investment banking analysts report high job satisfaction.

Sample Companies:

According to their sizes, investment banks can be divided into:
Bulge Bracket Banks (large multinational banks like Goldman Sachs, JPMorgan, Morgan Stanley, etc.)
Middle-Market Banks (smaller banks that usually focus on deals under certain sizes)
Boutique Banks (small banks that usually focus on deals in a specific field or in a specific region).

Salary:

Annual earnings of investment banking analyst vary greatly depending on the years of experience. Salaries can range from as high as $85,000 to $100,000 for first year analysts, not including the high bonus potential.

How to get there:

To become an Investment Banking Analyst you will need a college degree and a background in econ, finance, accounting or business. A Master’s degrees is not required but would open  opportunities for promotion. Also, extracurricular campus activities look great to employers.
A substantial amount of travel is required as the analysts needs to meet with his clients.  The years of full-time employment needed are from 0 (after graduation) to 3 years (full-time work in experience in a similar field as accounting or consulting).

Important Qualities:

Leadership
Communication
Teamwork
Writing skills
Well groomed
Interpersonal skills
Accounting, skills
Finance skills (especially in valuation)
Data analytics,
Mastery in Excel

Advancement:

More Information:
If you would like to know more about becoming an Investment Banking Analyst visit:
Mergers & Inquisition: http://www.mergersandinquisitions.com/
Inside Investment Banking: http://course.insideinvestmentbanking.com/

Relevant Classes:

 

 

  • Composition I and Advanced Composition/Writing
  • CMN 101- Public Speaking
  • CMN 211- Business Communication
  • ECON 426- Monetary Economics and Policy
  • ECON 460- Financial Economics
  • FIN 221- Corporate Finance

Relevant Clubs & Organizations:

  • Commercial Banking Association
  • Illini Business Financials
  • Prime Mergers & Acquisitions
  • Beta Alpha Psi
  • Finance Club
  • Capital Investment Group
  • Econ Ambassadors

Sources:

http://www.mergersandinquisitions.com/investment-banking-summer-analyst-work/

https://corporatefinanceinstitute.com/resources/careers/compensation/investment-banker-salary/

http://diplomaguide.com/articles/Investment_Banking_Analyst_Career_Profile.html

https://www.investopedia.com/articles/financial-advisors/121515/investment-analyst-job-description-average-salary.asp#:~:text=Job%20Description,%2C%20bonds%2C%20currencies%20and%20commodities.&text=An%20investment%20analyst%20continuously%20collects,currency%20adjustments%20and%20yield%20fluctuations

 

 

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