Everyone In India Is Opting For Investment Banking Courses. Here’s Why
Investment banking has grown into one of the most sought-after careers in India. In fact, the country has become a leading talent destination for investment banking. Apart from the domestic IB banks and corporations, many multinational investment banks like HSBC, JP Morgan, Merrill Lynch, Citi Bank, Goldman Sachs, etc. also come to India for good reasons like lower operating costs, and a talented workforce, among many other reasons.
India offers a much cheaper workforce for investment banks as compared to countries like the UK and US. Besides, domestic companies like TCS, Wipro, and Syntel also offer great opportunities to individuals who want to build a career in the banking sector. Overall, investment banking is a rising career field in the country, which is expected to thrive even more in the coming years. In this article, we will discuss the top reasons why more and more individuals are opting for an investment banking career in India Read on!
What is an Investment Bank?
Before jumping on the reasons behind the popularity of IB careers, let's first understand what investment banking is all about!
An investment bank is a branch of finance and banking that helps the government, companies, and other corporations in raising capital through the issuance of securities, underwriting, or both. Further, it also helps corporations in mergers and acquisitions (M&A) along with other services like issuance, trading, placement of stocks, and so on.
Not just in India, but investment banking is a booming industry in the world. Hence, being an investment banker is definitely one of the most promising careers in today's time. The main reason is that the IB profile plays a vital role in businesses. Note that the job of an investment banker is not simply limited to advising firms on fundraising activities and M&A, but it also involves connecting investors to companies, facilitating complex transactions, etc.
5 Reasons Why More and More People Are Opting for Investment Banking in India
With investment banking, one gets an opportunity to become an expert at structuring large, and complex financial models at the beginning of their career. And because bankers spend long hours in the research and valuation process, they can also become great investors if they want.
Given below are the reasons why investment banking is being chosen by an increasing number of individuals:
1. Attractive Pay
Investment banking is a highly rewarding job. Investment bankers in India have attractive salaries. Note that, the average salary of IB in India is ₹20 lakhs per annum, for professionals with just 1 to 4 years of experience. This figure keeps growing as you gain more expertise and experience in the field.
2. Become an Expert
Every day is different from the previous day in investment banking. An investment banker faces new challenges and exposure every day. This phenomenon presents a great opportunity to gain expertise in the field from the beginning of one's IB career.
3. Exposure to High Profile Transactions
Until it was announced publicly, the work of an investment banker was highly confidential. They are involved in high-profile transactions that include the government, as well as large national and international corporations. In short, investment bankers play on the first page of business.
4. Surrounded by Talented Individuals
Investment banking offers a never-ending opportunity to grow your knowledge and enhance your skills. Here, you work in a field with the most talented individuals from every corner of the world. And because you'll be working in a competitive environment, you will see fast personal growth.
How to Get Started in Investment Banking
Investment bankers are the deal makers. So, the very first deal you need to crack in order to get into the field of investment banking is getting hired for a job. But how? What are the eligibility criteria to do so?
A major prerequisite for getting into IB is a college degree in economics or finance from a reputed institute. An MBA degree, Chartered Financial Analyst (CFA) certification, or an advanced degree in math can help in improving the prospects. Additionally, you can also learn investment banking by enrolling in the best investment banking courses with a placement guarantee. These courses not only enhance your skills but also help you in landing the right jobs.
To Sum Up…
It is clear from the above article that an investment banking career is highly rewarding. It presents you with an opportunity to become an expert, get exposed to high-profile businesses, and grow yourself financially in a short period of time. However, getting into this field isn't a piece of cake. So, if you really want to become an investment banker, then work hard with full focus and devotion and take up a relevant course. Once you do that, nothing can stop you from becoming a great investment banker.