Investment Banking Analyst: Role and Responsibilities
Investment Banking Analyst roles are in demand. As we have seen in my article on Equity Research Career, the career in Investment Banking and Equity Research is rewarding if you plan it well and have a long-term approach towards it.
If you are a fresher or have 1 year of experience in a bank, you can apply for such positions in Boutique brokerage and Investment Banking firms. You should have a graduate or post-graduate qualification (MBA,CFA,CFP,CPA) in business or management. You can apply for the posts in the area of M&A, Operations, Quant, and Business Analysis.
The job profile varies as per the areas, for instance, a New Jersey job in Investment BankingBusiness Analystposition comes with the responsibilities of identifying project scope, defining project plan and workload, following up and reporting regularly to projects sponsors, escalate issues related to this. Whereas, Investment Banking Analyst-Quant in New York will have the duties like: research, deal processing and strategic business development, researching and evaluating healthcare businesses under the supervision of senior bankers, contributing to the development of information memorandums, management presentations, pitch books and marketing materials and doing financial Projections. While an Investment Banking Analyst -M&A working in New York with a globally diversified financial services firm will have to work on: Analytical, due diligence and transactional support on workout, restructuring, acquisition and new business opportunities, developing financial models, pitch book materials and conducting company research, analyzing data to help advise our current or prospective corporate clients on actual or prospective transactions.
The skill sets required to complete the above duties are:
Aï¿½ Strong quantitative / analytical skills
Aï¿½ Superior attention to detail
Aï¿½ Solid work ethic
Aï¿½ Excellent verbal and written communication skills
Aï¿½ Ability to effectively manage multiple simultaneous project deadlines
Aï¿½ Proficiency in Excel and PowerPoint
Aï¿½ Solid understanding of capital markets and spreadsheet modeling
Aï¿½ Strong written and oral communication skills.
Aï¿½ Previous experience in M&A sector is highly desired
Aï¿½ Highly motivated with demonstrated ability to manage conflicting priorities and requests
Aï¿½ Excellent interpersonal skills with ability to maintain relationships at all level in organization
Aï¿½ Ability to take initiative and function independently balanced with strong teaming skills
Aï¿½ Maintain high standards of professional and ethical conduct
The salary comparison of 3 cities, New York, Mumbai and London, for the Investment Banking Analyst post is here:
A person with Certifications like Chartered Financial Analyst (CFA) and 1-year experience can earn U.S. $50,000-$70,000 in New York. In Mumbai, the same person may earn in the range of INR 3,00,000-10,00,000. In London, the person with the same qualification and experience may earn in the range of GBP 20,000-50,000. These are the entry level packages for people with above mentioned qualifications, skill sets and job responsibilities in 3 different geographic locations.