Investment Banking in India, is were popularly known as the golden collar work field. By golden collar, it means that the professionals working in this field are usually recipients of larger salaries and lead a high end, refined lifestyle. They are usually seen as those confident suit clad individuals who close multi-billion dollar deals, are regulars at five star hotels, travel to foreign countries at least twice a month or are usually known to own at least a yacht or two. This is why many finance aspirants usually tend to be attracted to this field of glorious opportunities.
While many finance aspirants feel that this field is absolutely the place to be, quite a few of these inquisitive souls actually tend to do an in-depth analysis of this career. So for all those curious about the career path that is required to be taken by a candidate in this field, read on. Essentially the career path of an investment banker supposedly progresses through a standardised path. This professional starts of on the rungs of a corporation through going through the various positions like Analyst, Associate, VP, Director, and Managing Director all on the basis of promotions.
The Investment Banking Analyst is a professional who is basically a freshly graduated individual who usually is hired by the bank for a two-year program. This is treated almost like an internship throughout which the analyst is taught everything there is to learn about the actual functioning of the Investment Banks. At the end of two years, excellent performance is rewarded by the candidates being offered a chance to stay for the third year as well. Many Analysts are usually supposed to deal with PowerPoint Presentations which are popularly known as pitch books.
The Investment Banking Associate is a professional who is hired once they have completed their MBA programs or they are those analysts who have received the promotion at the end of their two-year period. The position of an associate level professional is supposed to be for the duration of about three years. They function as liaisons between the junior level and senior level bankers and they even get to work directly with clients. The senior bankers are usually supposed to source all the deals which maintain client and bank relationships. These professionals can come from a number of backgrounds which could range from the field of investment banking to management of the corporate executives.
These professionals are usually supposed to scan the entire landscape of the industry and then they can be able to anticipate deals that usually take place in the business of investment banking. The various other processes that make up this field are mergers and acquisitions, portfolio management, asset management, private equity handlings and so on. As the individual begins to perform better and more efficiently he/she happens to be rewarded promotions with a corresponding speed. This is why many professionals usually take up training courses in order to get into the field of Investment Banking through institutes like Imarticus Learning.