Home

Investment Banking Career Information

Learn about how to become an investment banker.

Resource Center Home | Finance Career Resource Guide Home | Find Finance Schools

What Do Investment Bankers Do?

investment banker reading reports

Investment bankers are the rock stars of the finance industry—their jobs are high profile, high pressure and high status within the finance field.

Investment banking, like rock stardom, is not for the faint of heart, as the profession demands long hours, working weekends and an often stressful, competitive environment.

With all of the career's mystique, it's easy to lose sight of what investment banking is actually all about. Essentially, investment bankers help companies raise money by creating securities—stocks, bonds and other financial entities—to be sold in capital markets.

They also structure the complex financial details that accompany a business's choice to buy and sell assets or to acquire or merge with other companies.

Not only does investment banking require the fortitude to navigate high-stakes sales, it also demands a highly accurate combination of analytical and numerical skills. Even with these abilities, however, it is difficult to advance without an MBA degree. Many people put in a few years in a junior analyst position, then return to school to get a graduate degree, and then come back to the investment banking firm to continue their career at a higher echelon and with far less rigorous time expectations. Investment banking is certainly not for everyone, but those who fit the mold get paid exceedingly well in big base salaries and often bigger bonuses. To begin working towards an investment banking career, find finance bachelor's, MBA and master's degrees.

Find Finance Schools

Investment Banker Career Path

Entry Level Mid Level Senior Level

Types of Roles

Investment banking analyst

Associate investment banker, vice president

Director, senior vice president, management consultant

Experience

0 - 2 years

3 - 8 years

9+ years

Getting There

  • Bachelor's degree in finance or accounting
  • Strong mathematical and analytical skills
  • Knowledge of different types of equity transactions
  • Technology skills and experience (specifically in Microsoft Excel and PowerPoint)
  • All entry-level requirements
  • An MBA with a focus in finance or economics
  • Strong industry relationships and knowledge
  • Experience pitching and presenting to clients
  • All mid-level requirements
  • Experience sourcing, executing and closing different types of transactions
  • Solid sales and negotiation skills
  • National Association of Securities Dealers (NASD) Series 7, 24 and 63 licenses

Salary*

$50,000 - $110,000

$185,000 - $375,000

$300,000 - $1,000,000+

Description

  • Support senior investment bankers
  • Provide research and analysis
  • Contribute to fairness opinions
  • Analyze financial and operational performances of target businesses
  • Build financial models of deal structures
  • Create client presentations
  • Create and manage network of corporate relationships
  • Oversee and troubleshoot large transactions
  • Lead teams of people

* Depends on company size, specific job, and location
Sources: Securities Industry and Financial Markets Association (SIFMA), Princeton Review, Salary.com, Bureau of Labor Statistics, CollegeJournal.com, Monster.com

Find Finance Schools