Investment Banking Career Investment Banking Certification

1. CIBP™ Standards Examination  Insights Partner IBCA  myIBCA   Investment Banking Careers Home  Investment Banking Careers Investment Banking is one of the fascinating ?elds in the world of ?nance. Interestingly, the ?rst thing about investment banks is that they’re not banks – not even by the most creative reckoning! They neither collect money in their accounts nor loan money. They’re specially organized, equipped and licensed ?nancial services, and advisory organizations mandated to primarily help institutional, organizational, corporate or government clients raise money (for projects, etc.,) through primary and secondary equity and debt, bond, and derivatives markets. Due to their fast-paced nature, investment banks offer a lot of opportunities for learning and skill-building, in the areas of business and ?nance. The trade-off, however, you will need to be able to cope with stress, long hours and thrive in a competitive work environment to become an investment banker. What Are the Types of Investment Banks? Investment banks are usually categorized by the size of deals they negotiate, their geographical location, their areas of expertise, and the type of ?nancial services/products they offer. The investment banking landscape is fairly complex by a range of different business models. Nevertheless, investment banks are generally identi?ed in one of the following categories: + 1. Bulge Bracket Investment Banks: + 2. Mid-Market Investment Banks: + 3. Elite Boutique Investment Banks: + 4. Regional Boutique Investment Banks: Get Started What do Investment Banks Look Like? Typically, large investment banks work through voluminous groups, covering a range of client-facing or operational areas. However, most ?rms can be divided into three key divisions: Sales and Trading, which works with owners of securities

2. Core Investment Banking, which works with issuers of securities (?rms and governments) Capital Markets, which serves as a conduit between the owners and the issuers What Soft Skills and Talents Do Investment Banks Demand? Investment banks employ some of the ?nest white-collar talents from business schools, and the bare minimum expectation – besides the pedigree – is a combination of strong analytical and interpersonal skills Indeed, speci?c skill-set demands vary across jobs and roles – brokers need to have killer sales skills, whereas, equity analysts would demand both analytic and interpersonal skills. It is very important to have a deep understanding of the ?nancial markets. What Are the Typical Business Groups in Investment Banking? Though only the very best of the talents eventually make it into the best investment banks, to be fair, even rookie-undergrads are let in by them to join the Analyst roles. MBAs join a rung higher – as associates. Analysts and associates work within specialized groups (domains or horizontals) but they may not always have control over the group to which they get assigned (analysts especially). Some of the commonest Investment Banking horizontals/ Business Groups are: Industry or Products Coverage Group/ Domain + Corporate Finance Horizontal/ Business Group + Capital Markets & Derivatives Business Group + Mergers and Acquisitions Business Group + Project Finance Business Group + Equity & Bond Trading Business Group + Structured Finance Solutions Group +

3. Advisory Services Business Group + Equity and Fixed Income Research Business Group + International Sales/ Emerging Markets Business Group + Public Finance Business Group + Retail Brokerage / Private Client Coverage / Stockbroker + Institutional Sales + Ratings Analyst + What is the Typical Job Hierarchy in Investment Banking? To help you envision your career path in this ?eld, it is vital to understand the leading roles and their contributions to the overall hierarchy. The steps of IB hierarchy include these roles: Summer Analyst Interns Summer Associate Interns Intern 01 Summer analyst responsibilities The responsibilities of a summer Administrative Responsibility: Low include developing client associate are similar to that of a Salary Range: $50,000 - $60,000 Per annum Time to Next Level: 2+ months presentations, gathering full-time associate in the information, building ?nancial Division. Summer associate spreadsheet models, working on mostly works with a product various projects to support client group or industry group on a relations, and assisting banking variety of client and deal teams with day-to-day assignments throughout the responsibilities. summer. Analyst Analyst 02 The responsibilities of an Analyst are to help with project work, Administrative responsibility: Low/Medium Salary Range: $100,000 - $150,000 Per develop and prepare marketing presentations, analyze client equity annum and ?xed income portfolios, research current trends and assist with Time to Next Level: 3+ years trading and offer general client service and team support. Associate Associate 03 Over a three-and-a-half-year period, the associate will be exposed to Administrative responsibility: Medium Salary Range:$110,000 - $300,000 Per transactions in many areas, across different industries, regions, and annum products, all the while developing banking and managerial Time to Next Level: 3.5+ years experience that will prepare them for senior deal management. Day- to-day responsibilities might include planning, structuring, and executing ?nancing transactions in the public and private markets, advising corporations on mergers and acquisitions, and devising and executing strategies that enable companies and institutions to capitalize on the value of real estate assets.

4. Vice President VP 04 The primary role of the Vice President is to be the “project manager,” Administrative responsibility: High whether for marketing activities or on a transaction. It is the VP that Salary Range: $150,000 - $450,000 Per annum typically decides the structure of the presentation (e.g. a pitch book). Time to Next Level: 3+ years On live engagements, the VP is typically the banker “running the deal.” The VP must manage clients and guide internal resources to handle transaction implementation across industry groups. It is often at the VP level that bankers begin to form valuable relationships with clients. Director / Senior Vice President / Principal: Director 05 The Director or SVP may either act more like a Managing Director Administrative responsibility: High (play a high-level client development role) or more like the VP (play a Salary Range: $250,000 - $1.5 Million Per annum (include bonuses) project manager role). Sometimes, the Director/SVP’s role will depend Time to Next Level: 2 years (sometimes also on the speci?c situation and/or other deal team members. inde?nite) Ultimately, for Director/SVPs to be promoted to Managing Director, they will have to demonstrate that they can form client relationships and have the ability to market and bring in new business. Managing Director MD 05 The managing director spends time winning deals and clients, Administrative responsibility: Very High developing relationships, meeting companies, and providing Salary Range: $500,000 - $ 4 Million Per annum direction and vision to team members for management (Gross Income may hit $10 Million) presentations and client pitches. They act as the primary contact and advisor to targeted client groups. A Managing director is responsible for winning most capital markets, M&A, restructuring deals, which means they are responsible for investment banking revenue. Stay Informed! Keep up with the latest in Investment banking with the IBCA newsletter. Subscribe CIBP™ Examination Partner IBCA Standards     Candidacy Tracks About CIBP™ Exam Universities & Business Insights 2802 Flintrock Trace Austin, Fees Exam Format Schools TX 78738 FAQs Study Material Exam Coverage info@ibca.us.org CIBP™ Exam System Requirements Digital Badge Exam Policies Application Process Exam Day All activities related to the management of customer relationships, customer-support, credentialing logistics, partner-network, invoicing for IBCA, are managed by the Edvantic worldwide network. All queries may be safely directed to info@ibca.us.org. Disclaimer: + Privacy Policy Terms Of Use Sitemap ©2023. Investment Banking Council of America. All rights reserved.