Investment Banking is certainly an up-and-coming career option that is increasingly widespread among the youth in India. An investment banker, in simple terms, is someone who helps their clients invest their money in a way that will help them generate the highest possible revenue. These jobs include a lot of responsibility such as handling debts, stocks and bonds, mergers and investments, securities and derivatives.
Are banks secure? Have we got the proper regulatory system? These are a few fundamental questions that need to be acknowledged if the investment banks are to become strong and secure enough to endure a positive growth in the next 5 to 10 years. Our industry has to validate the fact that when designed and run properly, with appropriate regulations, banks can be socially vital and useful.
Undoubtedly, the field of investment banking is sure to have a great scope in the future. But the precondition for the same is strong ethical etiquette, which not only has to be implemented but also followed closely. The bigwigs of the industry must be able to intensify the foundation of the banks appropriately to prevent them from being affected by anything in the future.
The global growth of this industry over time has led to a thriving financial sector.Today, India's economy is growing rapidly with infinite multi-national companies setting up businesses around the world. This has accelerated numerous unoccupied positions for students who specialise in investment banking.
Future of Investment Banking in Next Five to Ten Years
Investment banking is most likely going to get a prominent facelift in the coming decades. Some instances mentioned below:
• With the advent and incorporation of technology into the financial sector, many manual processes will be structured in a more organised manner
• Processes linked to regulation, compliance and due diligence will be streamlined through the likes of AI and automation
• There will be a reduction in fees with the decline in the requirement of intermediaries
• With the use of online platforms, accurate information will be delivered using matching algorithms resulting in inefficient transactions and higher accuracy
• Private security debt along with equity liquidation issues will see a positive outcome due to the blockchain tech solution of tokenisation
Type of Education Required to Become an Investment Banker
Any individual considering this career path doesn't require any specific stream. A bachelor's degree is the minimum requirement to work as an investment banker. Assignments and projects in finance, economics, and mathematics is highly recommended. Concerning higher education, any aspiring investment banker should have an MBA degree. Several institutes provide diplomas and certificates. There are investment banking courses as well which will improve the financial fluency so that an individual can speak the language of an experienced professional after starting or advancing a career in Investment Banking and Finance.
In addition to these, refining the communication and presentation skills will also benefit immensely. Investment bankers are required to do extensive research on the market and thus need to possess research and analysis skills as well.
Investment banking jobs can be esteemed, lucrative, and thus ambitious. This career path takes an ample amount of dedication and commitment, and not one that should be entered into carelessly.
Apart from powerful competition right from the entry-level investment banking graduate programs, one must also gain industry knowledge and experience thoroughly, while completing the respective studies to have a successful and lucrative career in investment banking.
Also Read: Career and Scope in Investment Banking