The answer depends on how you define the word ‘glamorous’. In the most basic sense of the word, investment banking does come off as a professional field that is restricted to big corporations, high net worth individuals (HNIs), or those who are at higher social strata. And thinking about them does invoke a sense of being glamorous, posh, and attractive. Right?
This is also because investment banking deals with high-level mergers and acquisitions, high-profile corporate deals, and takeovers that can impact whole industries as well as the economy of the country.
Professionals working in the investment banking field may also be called glamorous owing to their daily tasks and meetings with VIPs and business leaders. Here’s a bit more information about the field from a social lens.
Investment Banking Itself is a High-Profile Profession
Today, aspiring finance students in India take investment banking courses with the hope to earn a good package and set their life. It is one of the most sought-after and popular fields in the world of finance. A part of this attraction can be attributed to the glamorous day-to-day work.
Take the case of Saket who works at the Delhi office of a multinational conglomerate. The company majorly focuses on investment banking, wealth management, and corporate consultation. Some of his most common daily tasks are:
- Scheduled meetings with corporate lawyers, CEOs, analysts, and business leaders at 5-star offices
- Attending industry seminars, sessions, and talks that are organized in 5-star hotels/resorts
- After-hour parties at 5-star clubs and lounges where he talks shop with her peers and other business leaders
Even after work, the role of an investment banker demands that he maintain the high culture image so as to convert potential clients into customers. This is why Saket owns an iPhone X, a Macbook Pro, and AirPods. The good thing is that they all were paid for by his company.
This is perhaps the most appropriate answer to the question. The job provides you with a social life that is not possible in many of the other finance jobs such as branch banking, loan officer, and insurance agent. One profession that comes close is that of a stockbroker.
Enrolling for an investment banking course may be cheap, but the returns are too high. The average salary of an investment banker at an analyst position is INR 10,00,000. Those with experience go on to earn up to 3x depending upon the level and company.
With such high salary packages, investment banking professionals are able to lead a glamorous lifestyle. The bit about iPhone and Macbook was about the professional side of things, which are just some of the perks for working at a reputed company. Investment bankers in India can also afford to splurge on the good things in life. The average salary is higher than that of many other professions.
This is why finance graduates and postgraduates who get hired by companies like Indiabulls, JP Morgan Chase, and Goldman Sachs, and Barclays start with an impressive package. The earning potential gives them a free hand at splurging, which in turn makes their professional and personal lives glamorous.
In short, the answer to the question is yes. If you have what it takes and can master all the necessary skills for an investment banking job, then you too can lead a glamorous life. The same is true for most high-profile finance and computer science jobs. Learn a bit of management too and you can really climb the corporate ladder faster than the average Indian professional.
Sign up for an investment banking course today and enter the world of glamour, wealth, and corporate fame.