Top 5 Sub-Divisions of Investment Banking To Seek Jobs Into
Investment banking jobs are among the most lucrative in the corporate sector, across the globe. For finance graduates, breaking into the said sector is like a dream come true. The salaries are more than handsome, and the career growth opportunities, abundant. In the US, an early-career banker with work experience between 1-4 years, earns an average USD 95,688 annually, as per Payscale. An investment banker in his mid-career (5-9 yrs) would make a whopping $127,171 per year in the US.
Market share of revenue of top global investment banks in 2020
JP Morgan & Goldman Sachs are currently, the top two investment banks in the world, dominating the global finance industry. Their revenues, in 2019, amounted to 8.9% and 7.5% of the global market share respectively. Other top banks of the world include Bank of America & Morgan Stanley. JP Morgan’s total revenue in 2019 soared to a whopping USD 115.63 billion.
Banking Certifications & Employability – The Connection
Investment banking certifications have gained widespread popularity among banking aspirants off late because of their significant contribution to the candidate’s job-readiness. They offer a distinct competitive advantage, especially to aspirants who are preparing to appear in their first-ever banking job interview.
Let’s accept it, starting a career in investment banking is difficult, especially for young finance graduates with no experience in the said industry. And therefore, you need some kind of an edge over others, as the existing competition is intense for the coveted job roles in the investment banking sector. Recruiters at the top banks prefer candidates who are certified in industry-relevant skills. And how can you learn such valuable skills fast? The answer is professional certifications in investment banking.
5 Hottest Divisions in Banking with Maximum Employability
#1. Investment Banking
Investment bankers offer advice to their clients from a non-finance background (high-net-worth individuals & institutional investors), and in return, charge a hefty fee in the form of commissions. These are among the highest-paid individuals in the BFSI sector across the globe. No matter, whether you are on the payrolls of a bank, or work as a freelance consultant in the said field, the exposure you get in terms of industry insights and functioning, is immense.
#2. Corporate Finance
It’s very much similar to investment banking, the only difference being, that here, bankers offer consultation to corporate firms, regarding investment strategies. Skills of a financial analyst and business analyst, both, come into play over here to assist organizations in their decision-making.
#3. Wealth Management
This is another sub-division of investment banking that offers great opportunities to young finance graduates. It deals in consultation regarding how an individual can grow their wealth through leveraging the right instruments, tax breaks, and sops. The job will comprise offering guidance to wealthy individuals such as industrialists, business tycoons, and directors of big corporations, regarding capital investment so that they could earn the best possible interest rates.
#4. Credit Analytics
A credit analyst helps individuals and organizations with their credit scores. The job would involve working with federal agencies that act as regulators to the country’s financial institutions and banks. In this role, you will help companies and individuals in getting familiar with their respective credit histories and will offer advice or consultation regarding ways to make improvements in the same.
#5. Risk Modeling & Management
In this domain of banking, you will be assessing the financial balance sheets of organizations, and the basis that, will offer advice on how to manage their ongoing investments. This could mean directing your clients to cut down investments in a specific project and increase investments on another. It is an analysis role, pretty different from other banking job roles that deal in numbers.
A Complete Guide to Finding the Right Retirement Property for You
Whether you’re excited to pursue new hobbies or looking forward to settling down with your partner, retirement signals the next phase in your life. But deciding where to put down your roots isn’t an easy decision. From the benefits of a retirement village to tips…
Reasons Why Renting Could Be Better Than Buying for all Mumbaikars
For many people, own a home is a life long goal. Although there is a lot of homeownership in Mumbai today, this is not always the case. Historically, the family had to either build their own house or rent an apartment from someone else. Although…
Real estate Tips for an Immobilienmakler Neu Ulm to Be Successful
You know the top 10 tips for Immobilienmakler Neu Ulm to be successful. It is a simple list that is not very difficult to follow. If you follow it religiously, you will be successful in your career as an agent, no matter what level you are…
Things Only Experts Know About Residential Roofing
Your home’s roof can represent up to 40% of your home’s exterior. It is essential to understand what keeps your home looking beautiful and safe from elemental factors like weather from curb appeal to home safety. That’s where residential roofing comes in! Residential roofing is…
Online Teaching: The New Dimension for Teachers!
Online teaching is one of the most interesting and upcoming careers in the education field. It is slowly taking a center stage and has been adopted by many teachers and students in the past few months. The best part about teaching online is the various…
The Instructive Estimation of Play For Little Childs
Have is a characteristic and basic influence of adolescence. All through humanity’s history, kids have consistently messed around of creative mind and ability building, even without acknowledging they were doing as such. Play starts in the support and stays a steady of life all through…
How to Post On Instagram From PC or Mac
Instagram is an app specially designed for phones so people find it tricky to use this app on their laptops, PC, or Mac and easily post on Instagram. Instagram recently introduced the direct message feature on desktops but the option to upload any picture or…
Remote Work Policy: Why You Need it for 2020 and Beyond
2020! A year no one will forget, at least not for the next decade. In the wake of COVID-19, the world faced one of the biggest work from home experiments. Turns out the experiment might stay with us for quite a while now. Large organizations…
7 Types of Cool Beachwear for Men Who Want To Be Iconic For Every Girl
Men and women visit beaches and swimming pools to spend a day full of glamour and excitement. What accentuates your body assets? Well, it depends on different factors, including body type, skin tone, and more. However, your swimsuits are very important to achieve the goals….
What makes a Tote Handbag a Better Choice while going to the Gym?
When the gym becomes one of the most visited places after your home and workplace, mixing fashion and working out becomes a new trend. Becoming health conscious has now become priority for everyone, which means people are adding branded outfits, bags and accessories to sweat…
7 Different Ways To Deal With The Excessive Hair Shedding Pet
Pet dander can lead to serious health problems and also make your home dirty. Therefore, no matter how much you love your pet, you should remove the hair of your pet. How will you get rid of pet dander? Pet, who sheds an extreme volume…
Artificial Jewelry In Everyday Life
In India, every woman wants to keep up with the fashion of the modern era. One can easily do so by buying artificial antique jewellery online. You get a lucrative deal from every individual site on the web when you shop online for the best…