Must Know Things for an Investment Banking Aspirant
It is common knowledge, that when the number of
people interested in a field of study grows, the quality of education offered
by various institutes also grows, thereby increasing the expectations of the
recruiters of the corresponding industry. This also means that the aspirants in
the same industry have to be of in possession of a certain set of skills to get
there.
Investment Banking is fast becoming the sought after
career option, mainly because of the sterling opportunities and benefits that
it has to provide as well as the fact that it is a very crucial part of the
economy. This is one of the few reasons, as to why students look for career
opportunities in Investment Banking.
Aspirants of Investment Banking are either students
who have had a background in finance, or have taken courses in the same from
some noteworthy institute that offers the same. Some aspirants can also be
students who although have no background, but have a substantial interest that
they would want to turn into a career. These aspirants are always on the lookout
for learning as many things as possible, for the field that they aspire to make
into their career. Although there are quite a lot of sources, which provide
scores and scores of information on aspects that one needs to prepare for a
career here. Here is a few must know things that one needs to know, if they
aspire to be an Investment Banker someday.
Be
the Best Candidate for the Interview
There are a lot of informative articles which
provide very generic information on how to be the best candidate for the post.
Most often than not, these tend to beat around the bush and rarely get to the
point. Whenever you go for an interview, certain things are most important to
be kept in mind, the foremost of all being, research. Now comes the next step
as to the topic of research, one can start of by the recruitment trends in the
industry, then move onto knowing the company, the technical terms and everything
related and unrelated to the field of investment banking.
Doing
a Bit More Than the Rest Always Helps
Ensure that you have a resume that is fit to be read
by a top-notch banker, with very little time on his hands; a cover letter that
is a perfect concise version, conveying more in lesser words. Keeping your
back-ups ready, getting in touch with your seniors, getting prior experience
through an internship; all these with the relevant technical knowledge are the
best tool-kit, to turn you into the perfect candidate.
Know
Your Field Through and Through
Quite a few of us have an entirely different
perception of the field of investment banking and think that money and dealing
with it is all there is. This may seem like a very vague description of the
same, ensure that you know the field thoroughly. Knowing the field includes
knowing the position that you might start off at, the amount of hours you will
to put in, the art of fabrication that goes with the job, the salary that you
will be getting and so on. It is important for you to know the nature of your
job, including mundane things as well as the extraordinary things, which will
be expected out of you.
Develop
a Proper Skill Set
Once you’re well versed with the field you will be
working in, ensure that you are equipped with a proper skill set for the same.
Apart from the technical knowledge, there are certain other nuances you need to
master. Apart from the fact that are expected to be bright and exceptional for
the post, it is also necessary for you to be intellectual, be in possession of
an exemplary grasping power and be ready to learn new concepts. The ability to
be broadminded counts herein, as well as the ability to think like a seasoned
banker even if you are just starting off, comes in handy.
These are a few must know things for someone vying
for a career in investment banking. Although these are few, one can add many
things through personal experience, or through following various industry
experts closely. Lastly you must be very adept at thinking on your feet at all
times, maintaining your cool under pressure situations, paying attention to
every nuance an detail of the business and being very disciplined and dedicated
towards your work.
There are many institutes that offer an aspirant
training in courses of investment banking, one of these is Imarticus Learning.
This is a leading institute in providing industry endorsed programs to
aspirants, which helps them cater to the demands of being an Investment Banker
in today’s world.
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