Sometimes jobs in corporate finance are referred to as investment banking positions. Mergers and Acquisitions Setting up deals where one company buys another is an important source of fee income for many investment banks. This has been a hot area on Wall Street in the s and is likely to continue hopping through the next century. If you go to work in this area you would help out with a team which acts as an advisor to a client, values transactions, creatively structures deals and negotiates favorable terms.
Investment banks have increasingly participated directly in LBOs, spinoffs and bridge loans, often by taking their own investment stake known as merchant banking. Your duties could involve analyzing the appropriate form of participation.
Expect to start running lots of valuation models on spreadsheets and gradually get more client focus as you progress. The DCM team will rely on your analytical and time-management skills and expect you to take rapid ownership of key components of the interaction with clients. You will be actively involved in all aspects of new business solicitation, developing new ideas and pricing new issue opportunities. You will need to develop your skills quickly.
You will be closely involved in the financing execution process and would be expected to coordinate the production and distribution of bond pre-marketing materials such as investor presentations, Bloomberg roadshows or loan information memoranda.
You will work closely with the bank and bond Syndicate teams, help focus the respective sales forces on the transaction and assist them in answering credit-related questions. As a core part of the team, you will also assist with the marketing of the transaction internally and to other potential issuers. Equity Capital Markets In raising equity for a new company, for example, an analyst starts by writing recommendations on the nature and structure of the transaction.
Once the client has determined their preferred strategy, you remain involved in executing the solution in coordination with the trading team until its successful completion. Project Finance The field of project finance is booming. Project financed deals have been some of the first significant conduits of foreign capital into countries such as China, Yemen, and Indonesia. When other sources of borrowing dry up, project finance is generally still there.
Trading Some of the most desirable jobs in investment banking are in sales and trading. Your responsibilities would involve undertaking transactions in equities, bonds, currencies referred to as Forex or FX , options or futures with traders at commercial banks, investment banks, and large institutional investors. Trading can be tumultuous and requires a thorough knowledge of markets, financial instruments and an intuition for human psychology.
Fixed income trading positions call for strong analytical know-how and the wherewithal to manage large amounts of inventory in an often-thin market. Derivatives traders need very strong analytical know-how perhaps even an engineering degree. Foreign exchange trading is based more on your instincts about markets, politics, and macroeconomics. There are a variety of other types of trading jobs in agency securities, commercial paper, repos etc.
The area of risk management advisory has been popular at many investment banks. Equity and Fixed Income Research Security analysts are usually assigned to an industry or region. You could be responsible for making buy or sell recommendations to investors about a stock or bond. Your duties would involve visiting companies and heavy telephone contact with institutional investors.
Investment banks often like to hire people with industry experience into analyst positions as opposed to fresh MBAs or undergrads.
For example, if you were a restaurant executive you could probably get hired as a restaurant industry analyst with a healthy pay raise. Knowing the business, being able to talk to clients well and having good forecasts are key in this position. You want to help your firm avoid the dreaded Worst Analysts list. Analysts are often referred to as either quants or fundamentalists.
In contrast, quants look at computer programs that identify undervalued securities, markets or even whole countries. There are fewer quant jobs, but they often pay more because the required skills are greater. Institutional Sales In institutional sales, you would be responsible for conveying information about particular securities to institutional investors. Sales skills and product knowledge are crucial in this area as is the ability to get through to busy institutional investors.
Working in sales for an investment bank on the sell side is often good preparation to move over to the buy side insurance companies and mutual funds. For many, institutional sales offer the best of all worlds: great pay, fewer hours than in corporate finance or research, less stress than in trading, and a nice blend of travel and office work. Like traders, the hours typically follow the market, with a few tacked on at the end of the day after the market closes. Another plus for talented salespeople is that they develop relationships with key money managers.
Log in or register to post comments. Comments 25 Add comment. Best Response. Puzich O Rank: Baboon Jul 24, - pm. I passed mine a week ago. If you will be on the course 3 day Unit 02 Securities with 7 city and you are a finance major, then I would say only minimum preparation is needed just read through the book once Whilst you are on the course during these 3 days, do as many mocks as you can I did 3 every day - that's - questions.
Which bank are you with? Private Equity Interview Questions. Hedge Fund Pitch Template. Jul 26, - am. Most people who fail, fail on the regulation bit. The finance part is easy. Hello Puzich. So if you have any advice for me Thanks in advance for your help.
View 3 replies. Learn more Suggested Resource Learn More. Learn more. Jul 31, - am. Hedge Fund Pitch for Interviews. I would choose McDonalds over the sell-side. I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. Thank you both, much appreciated. Investment Banking Interview Questions. HF Interview Questions. Investment Banking Interview Case Samples. Cram short and hard and you'll prosper, not difficult.
Don't you mean CISI? Oreos - you done them before? Private Equity Interviews. Excel Model Templates and Training. Charles-perry O Rank: Gorilla Jul 31, - am. Et molestiae dolores harum voluptates. You can go to www. And that six-figure salary three years down the line. The small catch is that if you fail 3 times, SII ban you from resitting for 6 weeks, which may be tough to hide from your bank. So there we go. I would strongly, strongly recommend people who have a few weeks off before starting a job in banking, or have a free holiday near the end of university, to take the FSA exams early - a few hundred quid will avoid the potential to have a very miserable first few months in the City.
We provide them with a network of advisors and an extensive community-driven knowledge base. This is not a particularly good time to get fired from Investment Banking for such a stupid reason. Good luck to the Author! Fred, ibankee. Post a Comment. Notice If you have something to share wether its news, something thats happened to you that you might think others may find interesting email me: ogaden hotmail.
Run by: The International Compliance Association. Run in association with the University of Manchester Business School. What they say: 'A practical, introductory-level course that will give you a solid understanding of core compliance issues. Entry requirements: 'Sound educational background' and 'good written English. What we say: An entry-level certificate in compliance. After you've completed the general introduction you can move onto more specialist courses, also provided by the ICA.
What they say : 'This is a demanding qualification aimed at developing a broad and in-depth knowledge of the key fixed income instruments and markets. Entry requirements: There are no specific requirements, but the presumption is that you'll already be working in banking - either in a front office role, or in a support function.
You can take a sample paper here to see if it's right for you. Study time: The classroom based version of the programme is delivered as a one week course across Europe. Often used by back office people trying to gain product knowledge and move into the middle office. Again, less common in Asia and the U.
What they say : 'Offers individuals the opportunity to gain specialist knowledge of financial markets, bonds and fixed income, financial derivatives and fund management It is ideal for practitioners pursuing careers in treasury and financial controlling functions, private equity and venture capital, brokerage, asset management, equity analysis, portfolio management, fixed income analysis, fund management, financial consulting, financial risk management, investor relations, internal audit and specialist financial operations.
Entry requirements: There are no formal entry requirements. But most candidates will have a degree. The cost will depend upon whether you simply buy study books or pay for online tuition. Study time : hours. Typically takes between 18 months and two years to achieve.
What we say: Very rarely specified in job descriptions. Popular among back and middle office including compliance staff who want to learn more about the products they're dealing with.
What they say: The CQF is, "The CQF is for anyone who wants an efficient and cost effective way to develop practical mastery of quant finance and machine learning, while also earning a globally recognized qualification. Entry requirements: You'll need to be very good at mathematics.
But they offer mathematics, coding and finance primers. Study time : Fifteen hours per week delivered in the form of two 2. Flexible options are also available.
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