Careers in Investment Banking
A career in the securities industry can offer exciting work if you enjoy
working in a competitive and demanding atmosphere. Investment bankers, stock
brokers, and stock traders all make up the securities industry providing
services to each other, as well as the general public. All of people involved in
this field deal with stocks, bonds, and other financial material in some way or
another, but they all have their own specific objectives and duties. The primary
differences between the three are the services they provide and who they provide
these services to. Investment banking seems to be the most interesting of the
three, as well as the most rewarding. This is due to the nature of the job an
investment banker must perform. A career as an investment banker has its pros
and cons just as any career does, but if you're looking for a high-demanding,
high-risk career that at times is very rewarding financially, investment banking
could be the career.
Investment banking has been around since stocks have been issued and
bonds sold, but the field demanded little, if any new jobs before the 1980's.
This was due to the low complexity of the financial markets. Since then,
investment banking jobs have been significantly growing due to the availability
of complex securities and high-yield bonds, also known as junk
bonds.(Investment Banking,12) Now that the financial market has become more
complex, companies that didn't require and investment bankers now need their
advice to effectively help their company sell stocks and bonds, and to make
financial plans for the future. This shows the growing need for investment
bankers in the securities industry.
Investment bankers serve a major part in shaping our nation's economy as
well as the world's. This is done by devising financial plans and putting them
into effect. The process of doing this is very time consuming but doesn't seem a
bit boring. Investment bankers also spend a lot of time traveling to various
clients to present ideas and when at home, investment bankers work on developing
financial plans and strategies for clients. All this work can appear to be very
time consuming, and it is. According to Linda C. (So You Want To Be, 2) a
typical day for an investment banker out of school is to start a...
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... compensation on performance, employees of that firm work under extreme pressure
to produce successful results. To many, this method of rewarding bankers is a
positive, but others feel it is way too stressful not to be guaranteed a fixed
income. Another drawback to working in the securities industry is a lack of job
security. Poor performance or non-performance, being too conservative, can be a
large factor determining whether a firm should keep its employees or
not.(Investment Banking,3)
When deciding whether a career in this particular field is right for
someone looking into investment banking, one must first consider the advantages
and the disadvantages of this particular career, and then decide whether the job
will suit his or her individual needs. In general, a career in the securities
industry seems extremely hard and very time consuming, and from time to time,
has had me contemplating whether or not to major in finance. The type of work
demanded is very diverse and seems very interesting, with very high compensation
for individual performance. With that in mind, choosing to go into the
securities industry could be very rewarding.
serve, to reduce the incidence and fear of crime, to enhance public safety when working
perceived to be beneficial to society. In the case of working in fields, people are put to work and
into effect as law unless three fourths of the states ratified it within seven years. The
communities they serve and opens the door for acceptance of their position and an understanding
For the policymakers: foster innovation and research and development of new tools. Promote cooperation and information sharing among stakeholders. This is an issue that affects everyone on the globe in the same way, no matter the size of your wallet.
...blic affairs, it’s public, statutory, enforceable, mandatory, dynamic, and expansion. The fundamental purpose is to provide all social groups, universal, equitable, high quality public services; government, as the implementation and enforcement of the national willing with its authorities, whose functions are clearly enforceable; government function is always changing, depending on the government and the public needs; also with the diversified, complex public demands, the government assumed more and more functions, and gradually extended to all level of society.
The career I wish to pursue is that of a stockbroker. I am extremely interested in the trading of stocks and financial holdings so the career of a stockbroker just seems to fit in with my overall plan. Numbers have also always been a fascination of mine and the trends of the economy and long term financial outlooks have often interested me greatly. Stock broking is a risky business that one needs to be prepared for highs and lows if choosing to pursue. You must understand what a stockbroker truly does to even begin to follow this as a life long career.
the different services offered by the organization, the target market of the organization, how the
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
This career peaks my interest since in this role I will have the opportunity to construct my future and I will never stop learning. The constant innovation in finance is commonplace and it creates a work-day that is fast paced and so with this career, I see a promising future. This career interests me also because I will have the chance to practice what I have learned in school and the career places a premium on consistent results, rigorous analytical ideas or thoughts,
They have to be punctual and have the ability to put in long hours every once in a while. Based on the information that I have researched, I can say that being a financial analyst wouldn’t be a bad fit for me. I have always had a knack for problem solving, especially during mathematical situations. I do slightly lean towards being a team member compared with being independent, and it could pose a bit of a problem if I do undergo this career. Like most people in business, financial analysts do spend some time traveling, and I definitely wouldn’t mind doing so. Financial analysts aren’t the only ones involved in financial and investment services; stockbrokers are also involved and are responsible for selling stock and other securities to others and conducting trades . The career is similar, but workers there put more focus on the stock market because they have to interpret it well in order to conduct trade deals. I do have some interest in following the stock market, so this career option wouldn’t be so bad for me. Being a budget analyst is another option related to finance. People in this profession are responsible for organizing budget reports for companies . One concern for the profession, however, is the national growth rate for the next decade. It is at 3%, slower than the average occupational growth rate of 7%, and much slower than 12% growth rate for financial analysts. Financial analysts could eventually be promoted to financial managers and have even more responsibility for managing a company’s finances. As of 2015, the median salary for this profession is $117,900
Personal Finance is a class I’ve wanted to take for a while now. My major is Finance not because I want a career in finance but more to learn about finance for my own personal situation. This class taught me so much! During this class I was able to evaluate my financial situation and set financial goals for myself. The four topics that helped me the most were emergency savings, buying a car, purchasing a home, retirement, and estate planning. After completing this class I have a better understanding of these topics and how to achieve my financial goals.
Whether it is dealing with the stock market, electronic commerce, portfolio diversification, or just simply allocating your assets, finance is more than just managing money. As technology progresses, the financial industry will advance and the demand for financial planners and managers could go down. However, there is no specific formula for allocating your wealth or for investing in the stock market. Every person and company is different, and the stock market changes constantly. People will always be running a business or a school, saving for retirement, financing a home, and investing their money. That is one of the reasons why I find finance so fascinating. Even if you aren’t making a career out of it, economic and monetary skills are vital for the rest of your life. Needless to say, finance is and always will be a diverse and ever-changing
...ices such as sanitation, water, electricity and additionally communal services such as the payment of grants.
Never have I ever climbed a mountain peak. As a child, I imagined myself conducting expeditions in deep-frozen pathways, leading amateur explorers to the top of the world, and instructing rookies in surviving harsh blizzards. Even though slightly altered, my childhood dream has been achieved. I led a team of fellow classmates, in my Strategic Management course, to the success summit of a financial competition. Over the course of a semester, I and my teammates were supposed to create and manage a company of the IT industry, in a computer-simulated environment, along with other four rival teams. I dealt with strategy and financial matters of our virtual enterprise, while my colleagues were working on marketing and manufacturing. During the four months of the exercise, I have experienced finance from various aspects: capital budgeting, through selecting favorable investment for upcoming quarters; debt management, by assessing the necessary amount and efficiency of loans; profitability analysis and dividend policy, which had been used to compile the company’s general performance index. Working in a multinational team, which included an American, a Norwegian and a Moldovan, strengthen my negotiations skills, as well as flexibility and cooperation. But above all, this experience intensified my passion for finance. Of course, a pleasant bonus was the fact that, in the end, our company’s financial performance was six times the performance of second-best team.