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Thread: What is Investment Banking?

  1. #1
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    Job Profiles (Investment Banking, Investment Management etc.

    I am passionate about finance and want to do Investment Banking. I am in the final year of B.Com from Delhi University. What should be my career path that will lead to an investment banking job?

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    Re: Job Profiles (Investment Banking, Investment Management etc.

    You can try to get into any of the Big 4 firms in India. KPMG has recently started hiring.
    After some experience, you can try for an investment bank like JP Morgan etc. Meanwhile you can prepare for a certification like CFA etc. Depending on what exactly you want to do, you can choose the certification.

    Also it's important to keep talking to the people in the industry. The investment bankers can tell you when a position opens in their company.

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    Re: Job Profiles (Investment Banking, Investment Management etc.

    Hello,

    Can u ppl give me information that what is the job profile of CFA Charter Holder....?????

    Mitul Ojha

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    Re: Job Profiles (Investment Banking, Investment Management etc.

    The CFA Charterholder will generally become a Research Analyst in an Investment Bank or a Portfolio Manager in an Asset Management Company. However I have seen people who are CFOs doing corporate finance and treasury work after a CFA. There are also some investment bankers doing M&A after a CFA. That's because this program provides a very solid base of various finance concepts. However this program is more geared towards financial analysis and investment management.

    Just after the CFA, you can try becoming a financial analyst/associate for sell-side research in an investment bank. Also you can try to become an analyst in a buy-side asset management firm, Private Equity or Venture Capital firm. Once you get the basic financial analysis and modeling skills, try to find your interest and then decide where in finance you want to build your career.

    - Neetu

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    Re: Job Profiles (Investment Banking, Investment Management etc.

    Mitul,

    Apart from Neetu comment, plz find that job profiles of CFA Charter Holder and candidates include:-
    * Fund managers
    * Analysts
    * Investment bankers
    * Portfolio managers
    * Traders
    * Accountants/Auditors
    * CEO/Chairman/Partner/Principal/CIO/CFO

    The CFA designation is designed to be a benchmark for ethical standards and professionalism within the global financial community.

    Siddharth Jhingran

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    I-Banking after Engineering

    I'm a final year engineering student from Mumbai University. I was planning to get into I-Banking after engineering. I'm really interested in Finance and I'm planning to take the CFA level 1 exam this December. As of now I thought of taking the NCFM modules just to gain some knowledge. I wish to work with a boutique I-Bank before going for a top-20 global MBA program 5 years hence.

    Background:
    10th- 84%
    12th -70%

    What exactly do I-banks expect from an engineering graduate who is trying to get into I-Banking?...What should I be doing to get there?

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    Re: I-Banking after Engineering

    It's good to see that you are clear about your goals. If you plan properly, then getting into an I-bank will not be very difficult.
    There are some I-banks in India which recruit Engineering students for Analyst positions. Your role might be related to trading or financial modeling.

    You can start studying basic corporate finance concepts like NPV, IRR etc. and try to understand how companies are valued. Also you can take the NCFM test on Derivatives and learn about Futures and Options. I think you are on the right track as you are planning to take the CFA Level 1 this December.

    An important skill required by Investment banks is Excel Modeling. So you can start developing that skill and learn how to use VBA and @Risk/Crystal Ball.

    You can try applying for the following job:
    http://www.o3capital.com/careers/pdf/in ... anking.pdf

    Also check this:
    http://www.avendus.com/careers.php

    I am not sure if Avendus is currently hiring or not but they do hire engineering students for Analyst roles.

    All the best!

    - Sougata

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    Lightbulb Re: I-Banking after Engineering

    Thanks Sougata

    Well, the first link you posted requires an MBA or a CA and they prefer someone with work experience...would I fit in?

    Secondly, could you mention a few resources where I can learn excel modelling, valuation, et cetera?...some source that could keep it simple and explain from basics....

    And yes, I've already started teaching myself F & O trading concepts..so i guess I'm on the right track :mrgreen:

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    Re: I-Banking after Engineering

    hi i am also engineer and curently enrolled for cfa.
    you can go through these books
    corporate finance-bearn &myers.
    valuation-Damodaran on valuation.
    derivatives-hul
    intelligent Investing ,security analysis--- Benjamin graham
    financial modelling -Simmon Beninga
    all cfa book by aimr will help u lot.
    here are some links

    http://www.careers-in-finance.com/,
    http://pages.stern.nyu.edu/~adamodar/--this site will be of great help as u can through the podcasts by prof Damodaran.
    http://www.financialmodelingguide.com/

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    Re: I-Banking after Engineering

    Quote Originally Posted by satyamgairola
    hi i am also engineer and curently enrolled for cfa.
    you can go through these books
    corporate finance-bearn &myers.
    valuation-Damodaran on valuation.
    derivatives-hul
    intelligent Investing ,security analysis--- Benjamin graham
    financial modelling -Simmon Beninga
    all cfa book by aimr will help u lot.
    here are some links

    http://www.careers-in-finance.com/,
    http://pages.stern.nyu.edu/~adamodar/--this site will be of great help as u can through the podcasts by prof Damodaran.
    http://www.financialmodelingguide.com/
    have u passed out?...or are u in final yr?.

    yea..I actually know of all those resources u mentioned except the simmon beninga book......Ive actually decided to read those books after I'm done with engg bcuz u need to devote some time for each of them which ill find after a few months...

    what are your future plans?....keep in touch!

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