Example Education Essay.Understanding Investment Banking

Example Education Essay.Understanding Investment Banking
nvestment banking represents one of the most challenging career choices in the current marketplace. The level of remuneration is typically very high, but the expectations of banks with regards to their employees are equally high. In short, only exceptional candidates will even be considered for any given post. As Wise points out, “investment banking is the typical training ground of the elite.
The reason why investment banking is considered to be such a prestigious career choice is because investment banks play a critical role in the business world, facilitating important acquisitions and transactions in the marketplace. As Sumichrast shows, “investment bankers are usually hired by companies to conduct capital market transactions, mergers and acquisitions consulting, and other corporate financial services” . It is clear, therefore, that a career in investment banking is highly competitive and that the industry of investment banking is involved in conducting a broad range of financial services.

Skills and experience

As has been shown above, investment banking involves the management of broad set of financial services. As a result, the skill-set required for such a position must be expansive. Investment bankers must be able to work effectively under pressure and be able to consistently meet tight deadlines. Investment bankers must also possess exceptional analytical skills in order to be able to make decisions based upon the information available to them at any given time. The nature of investment banking is also such that they must be able to strike a balance between displaying leadership and teamwork. Investment bankers typically operate in small groups where teamwork is essential, but each individual must also be able to display clear leadership qualities. In terms of experience, Investment bankers are expected to be able to show exceptional educational attainment. Typically, a degree from Oxbridge will be considered as the minimum educational requirement. However, this does not suffice on its own and aspiring graduates will have to have shown their desire to work in investment banking by completing an internship during their studies. As the publication Wetfeet stresses, “doing an internship in investment banking is essential to breaking into the field in today's business environment” . It is clear, therefore, that investment bankers require exceptional educational attainment as well relevant work experience in order to be able to qualify for a position.

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