Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Investment banking as a career
Investment banking as a career
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Investment banking as a career
The job of an investment analyst in a banking firm such as Goldman Sach and JPMorgan is to oversee whether or not an investment made by customers will bear fruits, but in order to do so, one must be skillful either in accounting or finance. A clear understanding in one of those majors is necessary because an investment banking analyst will be dealing with a bunch of financial research in stock and bond market and also in companies. Thus, providing information for the customers to help their decision on investments. Even though it is a tough job that requires professionalism and a lot of diverse skills, it is a job that is worth it since it has high payments and it provide a lot of benefits. In other words, investment banking analyst is highly challenging, yet with the correct attitude, education, and dedication, it is not impossible to be successful in it.
“Some days you’ll be so busy that you have to discreetly use a bottle under your desk if you need to go to the bathroom” (DeChesare). According Brian DeChesare, the founder of Breaking Into Wall Street, you must wake up at 7.30 am and work hard until 4 am on busy days. Your activity early in the morning is to check and revise status report from 7.30 am to 9 am, followed by working on a bunch of PowerPoint presentations on market overviews, deal pitches, or management presentations from 9 am to 12 pm. After finishing each of the power point slides, you will be working with an Associate in your team to check and revise for any errors in the slides. Finishing these presentations is not easy since changes that happens in the market also have to be updated on to the report, and sometimes supervisors may say that we need more analysis, or we have been focusing on the wro...
... middle of paper ...
... Finance Jobs For 2013." Investopedia. Investopedia, 05 July 2013. Web. 03 Feb. 2014.
"How to Become a Investment Banker." How to Become a Investment Banker. DegreeTree, n.d. Web. 10 Feb. 2014.
Institute for Career Research. Careers in Commercial Banking, Corporate Banking, Investment Banking. Chicago: Institute for Career Research, 2005. Print.
"Investment Banking Analyst Jobs." Investment Banking Analyst Jobs on CareerBuilder.com. Career Builder, n.d. Web. 03 Feb. 2014.
"Investment Banking Analyst Life." Investment Banking Analyst Life. Careers-in-Finance.com, n.d. Web. 12 Feb. 2014.
"Investment Banking Career Paths." Wall Street Prep. N.p., n.d. Web. 10 Feb. 2014.
"Referral Network." Strategic Business Network. Strategic Business Network, LLC, n.d. Web. 09 Feb. 2014.
WetFeet (Firm). Careers in Investment Banking. San Francisco, CA: WetFeet, 2008. Print.
The novel Liars Poker by Michael Lewis is very interesting firsthand account of an inside look into the investment banking world, in particular bond trading at the firm Solomon Brothers in the 1980s. Lewis took an interesting and roundabout way to end up on Wall Street, studying art history at Yale and bombing his interview with Lehman Brothers but he eventually found himself at Solomon Brothers through a lucky encounter with two managing directors wives. Through his book Michael Lewis conveys the inner workings of investment banks in the 1980s to the average person using his own experience at Solomon Brothers. The book goes into Lewis’s own rise in the firm as well as the rise and fall of the entire Solomon Brothers Mortgage department.
To achieve this, “banking firms provide [them] with a way to maintain [their] elite status in society by providing avenues to wealth and power that other professions do not” (179). They leave them unconsciously with an ultimatum, to either continue living their prestigious lifestyle and be the in the top with the elites, or settle for lower than what they’ve worked for, which is any other career path. Students who attend Princeton and Harvard who aspire to become teachers or writers are told they are settling for less than what they deserve and will be “more happy” with an investment banking career. There is a subtle form of manipulation being acted upon prospective students from investment bankers which is hidden by all of the positive, glamorous stigmas of Wall Street. To fully understand Wall Street as a whole, someone must know the small components that make it come together as a whole. This is shown through Karen Ho’s observations such as learning that students at Princeton and Harvard do not need to hold a finance degree to obtain a job on Wall Street. Whereas, Yale and Brown students must have a finance degree and are forced to show their abilities at a higher level than Princeton and Harvard students. Underneath all the dashing appearances and smart conversations on Wall Street, there is a hidden bias and a constant manipulation system in order for them to get what they want. The small components of Wall Street consist of their “small” priorities,
Gadek, Radek M. “FBI Careers – FBI Special Agent Career, Salary, and Training Info.” Criminal Justice Degree, College, and Career Blog. N.p., 2010. Web. 8 Dec. 2011. .
The Web. 12 Feb. 2014. How to Become a Police Officer? Chron.com. - a.k.a.
"Zoologist Salary - How Much Does Zoologists Make?" The Richest We Follow Money The Extraordinary Zoologist Salary How Much Does Zoologists Make Comments. Web. 28 Mar. 2014.
"Dental Hygienists: Career, Salary And Education Information - Collegegrad.Com". Collegegrad.com. N.p., 2016. Web. 17 Mar. 2016.
Mooney, Richard. "Banker of America." The Boston Globe 4 Apr. 1999: L1 "Powerful house of Morgan Changes with the Times." The San Diego Union-Tribune 24 Feb. 1986: 18 Sinclair, Andrew. Corsair: The Life of J. Pierpont Morgan. Toronto: Little, Brown and Company, 1981.
I really don’t know to much about this career just that they can either deal with selling securities or managing personal finances or just as simple doing taxes and writing financial reports. What haunts me even more is what I don’t know about this career. Are there any aspects of it that I will just hate? Will I make enough money to support the life style I want? What are the future possibilities for career advancement? These are all questions that will weigh very heavily on my decision to become a financial advisor or to find some new career.
"Adenosine - What Is Adenosine?" Adenosine - What Is Adenosine? N.p., n.d. Web. 09 Mar. 2014.
Purpari, M. (n.d.). How Far Offshore is Offshore Banking?. Suite101.com. Retrieved January 27, 2014, from https://suite101.com/a/how-far-offshore-is-offshore-banking-a344923
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.
Becoming a financial analyst will allow me to enjoy a career in the finance field that pays well and also offers ample opportunities. The position of a financial analyst is growing very fast and so there are more opportunities for me to become a financial analyst. Being a financial analyst will not only put me in a powerful position within the organization but it will also teach me skills that I need about investing for my own financial life. Some of the qualifications for the career that I already have include a bachelor’s degree in finance, technology experience (Microsoft word, Microsoft outlook), skills such as maximization of work practices, and quality vigilance. One qualification that I need for this position is the ability to turn data into information. Since this position requires past experience and I have none, I can undergo training so that I can be at par with the job functions and requirements. Despite the fast growth of the job, though, there is stiff competition and even though I will most likely get this job with my bachelor’s degree, a master’s degree will help me stand out among my competitors and it will also be a wise investment for me since I have my eyes on a financial management position at one point in
"How to Be a Film Director - Become a Film Director - Education-Portal.com." Directory of Colleges, Universities, Career Schools and Online Degree Programs -- Education-Portal.com. N.p., n.d. Web. 28 Apr. 2014.
Currency Fluctuation, What is Currency Fluctuation, 2014. Available at: http://www.wisegeek.org/what-are-currency-fluctuations.htm Retrieved at 6th April 2014
It is a known fact that the banking industry plays a huge role in today’s society, the industry has grown rapidly of many decades and still growing. The banking sector is that sector of the society that is actually responsible for the handling of financial assets for other sector of the economy, they do this by investing the financial assets in order to create more wealth in the society while regulating all the activities involved in the process. (What is the banking Sector 2015)