The investment banking career is considered as one of the most sought-after and rewarding careers in the finance and banking field. Investment banks play a major role in effectively channeling funds in the economy and guiding their clients on profitable investment avenues. The investment banker has a very wide range of responsibilities and plays a dynamic role in the investment banks. The job of an investment banker in no way is easy to do and requires a lot of additional hours than a normal job. The high remuneration reflects the work that investment bankers are required to put it.
The primary role of an investment bank is to help raise capital for its client from investors or through public. Investment banks leverage its large professional network to find out suitable investors and match them with borrowers in need of funds. Investment banks play a key role during the Initial Public Offerings (IPOs) and act as an underwriter during the process. They help with finding out the optimal price of shares and also hedge the risk of under subscription to some extent. In addition to this investment banks also helps with the Mergers and Acquisitions deals.
Tips for Investment Banking Job Interview
Preparing for an investment banking interview can be challenging, especially when there is so much competition and such huge stakes. Let’s delve deeper into how you can stand out from the competition and land your dream job.
- Learn all about investment banking: The investment bankers have a huge role to play in the success of their company and also of their client’s firm. You should know all about the investment banking industry including the day to day chores, financial modelling and valuation, accounting standards, regulatory challenges, etc. You should be prepared to answer all technical questions related to the investment banking sector. You should also be aware of the latest industry trends and news. For example: learning about popular mergers and acquisition deals.
- Know your why: Be prepared to answer this question sooner or later during your interview process. You should know your ‘Why’. It is one of the most important questions as it shows how passionate you are about this job and what you are willing to become successful. Since investment banking involves long hours, people who are just in it for the perks without working hard are not able to survive for long. If you are passionate enough, you will give your best without complaining about the hours.
- Demonstrate what you can do: Your interviewers are most likely the people you will be working with in the future if you land up the job. If you can successfully demonstrate your skills then there’s no way you won’t get the job. You should be as specific as possible while answering your questions and it is advisable to use relevant examples and scenarios that allow you to demonstrate your skills. You should be able to show them how you will add value to the organization and what all you bring to the table.
- Communicate effectively: The role of an investment banker involves dealing with clients and communicating your ideas and knowledge with all key stakeholders. You need to have good communication skills to be able to convince your clients. You should communicate effectively during your interview as it has a big role to play in your day to day job.
There’s a whole lot in the realm of investment banks and bankers to make this role crucial for the economy. It can be very hard to break into the investment banking industry as the role and status of an investment banker lure in a lot of aspirants who want to become successful investment bankers. Opting for an investment banking course from reputed institutions like Imarticus Learning helps you to develop all essential skills and retain relevant knowledge required to do the job. It also guarantees job placements with reputed companies in the industry.
Also Read: Top 20 Investment Banking Interview Question & Answer