Investment banking services have continued to grow as the needs of different sectors of the economy continue to rise. Corporations and governments use investment bank’s services when they want to raise capital through bonds and stocks. An investment bank is also involved in the valuation of companies before they undertake rights issue and mergers & acquisition. These needs have pushed the industry to look for highly qualified investment bankers to work for them. The process of becoming an investment banker is fully explained below.
The first step is to pursue a degrees in business or a relevant field. Most of these professionals have a background in finance, mathematics, accounting, engineering, and physics. To succeed in these courses, one needs to have a strong foundation in mathematics.
After joining an investment bank, the individuals are put through specialized training. It is standard practice for fresh graduates to start as analysts before advancing to other duties. These analysts are trained on critical skills such as financial modeling, financial statement analysis, markets risk, and accounting. Other skills such as presentation, communication, and negotiation are also taught. After weeks of training, the analysts are assigned to investment bankers to learn through hands–on experience.
When an investment bank is satisfied with the trainee’s skills, he or she is registered as a representative of the bank with the Financial Industry Regulatory Authority. It is also a common practice for investment bankers to pursue professional courses such as Chartered Financial Analyst. This certification equips one with knowledge of the financial markets and investment industry.
Investment banking is a fast growing field considering that the number of new bankers is rising at a rate of almost 10 percent every year. This high demand has led to stiff competition for both experienced investment bankers and graduates.
About Martin Lustgarten
Martin Lustgarten is one of the most experienced investment bankers. He is the founder and CEO of Lustgarten Martin. This investment bank has been providing clients with innovative services that are tailor made to their specific needs. His successful investment history has earned him respect in the field. Martin is a citizen of Venezuela and Austria.
Martin believes that one should invest in several countries. This is because it provides an investor with the opportunity to enjoy multiple incomes and spread his or her risks. Martin asserts that this strategy protects the investor from unforeseen market conditions in a given nation.