New year, new career?
If words such as takeover, IPOs, financial modeling, research, and bridge loans are some of your favorite conversation topics, you might want to consider investment banking as a career option. The same goes if MSNBC and Bloomberg TV are your go-to channels, and you have an addiction watching the red and green flashing lights of tickers go up and down all day long.
Investments banks have played a major role in M&A, underwriting, and raising money for the corporate world. Although investment banking has lost a lot of its pre 2008 luster, it is still difficult to get a job in this notoriously competitive and demanding industry. But at the same time, it is still a lucrative career choice for its most disciplined players. If you want to emerge as a winner in this field, familiarize yourself with the below:
Who Will Offer You An Entry-Level Role In Investment Banking?
If you wish to be a part of this industry that is constantly involved in shaping the destiny of major corporate houses, you have options to join one of the following:
- Bulge bracket firms consisting of the top investment banks like JP Morgan, Goldman Sachs and Morgan Stanley.
- Regionally oriented IBs or ones located in the middle market like Jefferies, Lazard or Greenhill.
- Boutiques or specialized firms oriented towards a specific industry vertical – ex. program trading, bond-trading, technical analysis, or M&A advisory.
- Merger and Acquisition wing of a large company, like General Electric, as an in house staff member who evaluates strategies for inorganic growth