In the last two posts, we discussed about skill sets & qualifications which an Investment Banker typically requires. Armed with qualifications, how can you break into the field of Investment Banking? Yet donning the hat of an Investment Banker is no cakewalk, and you need to do your homework.
- Assess Yourselves
Choosing the right program is the first step towards building your I. Banking career. CFA is a globally recognized program with primary focus on Investment Banking career. On the other hand, you can also choose to do MBA (Fin) or CA program to gain relevant knowledge and couple it with additional skills. Investment firms welcome enthusiasts grads who’ve the willingness to take up the opportunity.
- Practical Training
Do not stop with mere booking knowledge. Take up summer internship in a bank or a MNC to learn nuances of the industry. Alternatively, you can take domain expertise in a particular industry by spending 4-5 years in employment, and switch your career to I.Banking with relevant certifications.
Improving your professional contacts is a must in this profession, since you act as a mediator. An I Banker’s job is to liaison between two parties and get funds arranged for the project/business. Your networking skills will be the biggest asset.
- Invest In Investment Banking
Invest in doing short term programs, such as financial modeling, relevant industry-specific courses, computer and soft skills, etc. Even if you’re from a non-finance background it is quite possible for you to transform your career into Investment Banking, through certification programs such as CFA and knocking doors for job opportunities.