Sunday, December 6, 2009

Career in Investment Banking, Job Prospects, Personality Traits & Salaries

Bankers who deal with corporates relating to specialized & structured products such as Capital markets, Foreign Exchange Dealing, Mergers & Acquisitions & large sized offshore / domestically structured loans.

The Prospects
  • Private Sector & Foreign Banks, Investment Banks
  • Best Companies include – Citibank, HSBC, Standard Chartered Bank, JM Morgan Stanley, Merill Lynch, Credit Suisse First Boston (CSFB), Leighman Brothers
The Job
  • Dealing with corporate clients special need based banking requirements
  • Business Development and marketing to existing & new corporates
  • Structuring new products and innovative ideas to innovatively meet clients requirements
  • Staying extremely updated and aware of changes in the economic environment and government regulations
  • Liasioning with government bodies and offshore points to provide innovative solutions
Personality Traits
  • Excellent interpersonal skills
  • Innovative
  • Sound Financial Skills
  • Leadership skills
  • Ability to work under pressure
  • Risk taker
  • High level of integrity
Career Progression
  • As a fresher, one can look at starting out as an Assistant Manager with subsequent promotions to a Manager, Assistant Vice President and the Head Investment Banking.

Salaries
  • Very large variable pay option (performance based option) in the salary package.
  • An Assistant Manager can hope to start approximately with Rs 6 - 10 lacs per annum after a PG degree.
  • Middle management can expect to earn approximately between Rs 5 to 15 lacs per annum whereas an Assistant Vice President can expect to earn approximately between Rs 30 to 40 lacs per annum based on their experience and the organization in question.
  • An Investment Banking Head commands approximately Rs 70 – 80 lacs per annum
Related Courses/Colleges:
Accounting Courses
Banking Courses
CA Institutes
Insurance Institutes
Securities & Trading Courses

Related Posts:
Career in MBA Finance
Company Secretary & Work Avenues
Chartered Accountancy as a career

1 comment:

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    ReplyDelete

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