In this blog, we will understand one of the major career options in Finance which is “Investment Banking”.
Wouldn’t be great to know the origin of any concept, theory or profession?
Let’s start with the interesting History of Investment Banking.
What is Investment Banking?
Role of Investment Bank
✓Sale of securities
✓Facilitating Merger& Acquisition
✓New issue or IPO
Categories of Investment Banking:
They are commonly classified into following categories:
Bulge bracket banks
E.g., JP Morgan, Goldman Sachs, Morgan Stanley, Citi group, Barclays Capital, Bank of America Merrill Lynch
E.g., Jefferies, Macquarie and RBC Capital Markets
Elite Boutique investment bank
E.g., Lazar LLC, Moelis & Company, and Evercore Group LLC
Regional Boutique investment bank
Now, you may wonder who are the clients for Investment banks.
So far everything seems interesting right? A Question will arise in your mind as to what are all the skillset required to pursue your career in Investment Banking. Well, we are going to look into the same below.
Investment banking requires degree in finance, economics, accounting, business administration, or a related field. Preferred qualifications for Investment Banking are CFA, CA and MBA (Finance)
This is just a basic piece information for anyone who wondered what Investment Banking is and answers some of the General questions that arise in people’s mind.
I hope this snippet serves the same.
Thanks for reading!
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