Investment banking is a particular division of banking which is associated with capital making for enterprises, government, and bank support in compound financial transactions. In simple words, investment banking meaning pertains to a bank helping public and private companies gather funds in both the equity as well as debt capital markets. These investment banks were actually founded to raise the required capitals and also to offer guidance on different financial strategies for corporate sectors.
However, when you venture into the field of investment banking, the scenario may demand many strategies to be put in the right place to become successful. You may have taken many investment banking courses but the real battle begins when you actually start the job. This is the time when you actually realize completely what is investment banking?
Well, here are certain tips that can assist you in succeeding in the area. These tips will make the job easier for you and will definitely give you an edge over other candidates in the field.
As per Graham Ward, who has been the former head of equities at Goldman Sachs and is now at the post of adjunct professor of leadership at INSEAD, if you are aware of the kind of personalities that major financial institutions are looking at, you can ensure a long-term investment banking career for yourself. Moreover, you need to be a team player who understands all the requisites of investment banking. In addition, you need to be flexible enough to learn to adapt to the continuous changes in investment banking scenarios.
Persistence is the Key
Just understanding what is investment banking is not enough to be successful in the field. You need to be smart, with an added edge of possessing hard determination and a clear focus. Try to compensate for the area where you lack in brains with high levels of energy. In short, you need to be enthusiastic, energetic, dogged, and persistent to be successful.
Always be aware of the competition
A successful investment banker needs to continuously think of different ways in which he can add value during his or her interactions with the clients. This implies that you need to be informed about the different aspects of investment banking even more than the so-called investment banking experts. Read everything related to your specified coverage area as well as your clients. This requires extreme discipline and you need to go through your client company’s newsletters, reports and even about their shareholders. Also, try to read between the lines and make your own assessments about the company. Moreover, it will not be a drawback if you ask questions about what you do not understand about the said client company.
Taking career risks is imperative
Investment banking career path is not always a smooth one. The investment banking avenues neither stay in one location nor in just one sector. You as an investment banker need to take up the opportunities as they appear. You need to be open-minded and flexible enough to take up new investment banking opportunities. You can enroll in investment banking courses. This will help you understand the investment banking meaning in a better sense.
Consistency is the key
The job of an investment banker is not an easy one. As you rise up in position, the pressure increases. However, your consistency will help you in remaining cool minded when you reach a top position. Moreover, consistency will assist you in handling the huge amounts of revenues that you are expected to generate every year.
Dressing Sense Makes a Major Impact
Though this sounds a little strange, it is a fact that being dressed properly makes an impact on your clients. It is also a common fact that many clients turn down the investment bankers who were dressed shabbily. Thus, it is highly imperative to be dressed properly when you are going for a deal.