Question by HeavenlyBliss: What is an investment banker and what does he/she do?
In addition, is the position very lucrative?
Best answer:
Answer by heart_and_troll
There are numerous job functions in investment banking. Yes, the positions can be very lucrative, but they are also very time consuming kinds of work – long hours, 90 hrs a week, and hard to get hired into, because it’s so competitive.
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Question by evil cookie: What exactly does an Investment Banker do?
and would you have any tips for an IB interview?
thanks
Best answer:
Answer by Nathiya
Investment banker’s duty is to advise their clients on high level issues of financial organization. They handle issuance of bonds, recommend and execute strategies for taking over and merging with other companies, and handle selling a company’s stock to the public. Work weeks of 70 hours or more are common, and all night sessions before deals close are the rule rather than the exception. Most commonly, investment bankers who leave the profession go on to financial jobs in-house with a client of their former banking firm, as financial officers and analysts. Bankers who have become sufficiently established, with clients who trust them and reputations for expertise in their fields, can become entrepreneurs, leaving their firms to set up their own investment banks.
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Question by Future Trader?: What are the job functions of a corporate banker? Risk assessement? Treasury?
I am a fresh graduate and now deciding whether to join the financial service sector or research firm, so just need some info on corporate banking. Please be specific like describing the divisions and job functions and responsibilities. Thanks a lot for the help, whoever you are. My future depends on it!
Best answer:
Answer by blue.financer
-Sector profile
http://news.efinancialcareers.com/SECTOR_PROFILE_ITEM/newsItemId-5499
-Analysts usually start off with credit analysis. This involves looking over balance sheets and determining whether the client will follow through with paying back. Specifically, you’re looking at coverage and leverage ratios and measuring the likelihood of default.
Corporate bankers typically focus on the securitization process (that involves alot of assets and divides them up into tradable shares) and the issuance of large loans. Such can be used for project finance. Among other things, you’ll have exposure to hedging against foreign exchange risk and managing international systems of payment.
Treasury Management (from London School of Economics):
“To plan, organise and control cash and borrowings so as to optimise interest and currency flows, and minimise the cost of funds. Also to plan and execute communications programmes to enhance investors confidence in the firm.”
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