Is investment bankers/brokers/service a good career path in 2021? How many jobs are available in investment bankers/brokers/service? What are the best paying jobs in investment bankers/brokers/service? Let’s discuss these queries in detail.
Banking careers refer to any kind of position within a financial institution. For example, some of the top banking careers include bank administrators, trust and investment bankers, major banks, bank tellers, commercial banks, etc.
Before considering banking as your career path, you need to understand all the pros and cons of this sector, and then you can pursue the same in the long run.
- 1 Investment Bankers/Brokers/Service – All You Need To Know
- 2 Is Investment Bankers/Brokers/Service A Good Career Path in 2021?
- 3 How Many Jobs Are Available In Investment Bankers/Brokers/Services?
- 4 The Final Verdict
Investment Bankers/Brokers/Service – All You Need To Know
An investment banker is a person who works for a financial establishment and is essentially concerned with building capital for governments, corporations, and other entities.
An investment broker is an institution or a person who conducts investment transactions on behalf of a client. These types of brokers work for a large brokerage firm.
On the other hand, investment service is a general term used to describe the complete range of activities related to investments in financial instruments.
This banking denotes a financial service that produces capital for organizations and individuals by counseling on marketing plans that can maximize their returns and reduce their risks.
Moreover, investment bankers provide assistance for restructuring, acquisitions, and mergers. The best advantage of being an investment banker is that you get the opportunity to learn from big and real corporate transactions.
Is Investment Bankers/Brokers/Service A Good Career Path in 2021?
The answer to this question is an absolute Yes. Many individuals consider this as their career path just for the sake of money. This banking career attracts people who are:
- Interested in specific exit opportunity
- Interested in deals rather than simply following the market
- Solid in terms of reading and writing
- Extremely attentive to detail
- High achievers who are willing to work for long hours.
Investment bankers/brokers/service can be a well-defined career path with high packages, offering life insurance, medical, and other benefits. These institutions also offer many opportunities for advancement, and many banks pay for talented employees.
On the other hand, the banking sector is an excellent career path, but there are many disadvantages. One such con is serving the public that can, in turn, be an extremely stressful task.
How Many Jobs Are Available In Investment Bankers/Brokers/Services?
An investment banking career can be extremely demanding, with analysts working hundred hours a week. Till 2028, the career is expected to grow by 4% and produce more than 18k job opportunities in the US.
Now, let’s discuss the top paying jobs in investment bankers/brokers/service.
1. Financial Advisor
Financial advisors get unlimited earning potential via incentives, pay structures, and commissions. You need to work closely with the clients and build genuine relationships to deliver purpose-based and personalized guidance that’s aligned with their values.
At the same time, you need to achieve important monetary goals and meet individually with the clients to determine their financial assets, expenses, income, risk tolerance, and objectives.
2. Relationship Banker
Relationship bankers should have experience in financial services and knowledge of the same industry. To get this job position, you need to have a bachelor’s degree or a business relevant associate degree such as finance, business administration, and business management.
At the same time, you must apply strong critical thinking and problem-solving skills to meet clients’ needs. You must also have the ability to learn and adapt to new information and technologies.
3. Capital Markets
Capital markets consist of both debt and equity markets where the team advises the client on the most appropriate issuance, valuation, and appropriate time.
This is one of the best paying jobs in investment bankers/brokers/service. They help companies develop the execution and origination of equity offerings such as convertibles notes, follow-ons, IPOs.
4. Mergers And Acquisition
Mergers and Acquisitions are responsible for servicing the client strategically and acting as an advisor in negotiations, structuring, and facilitating valuation.
To get a role in this career path, you must have a minimum of 4-5 years of experience in financial services. This division is one of the top sources of revenue for investment bankers across the world.
5. Insurance Marketer
Insurance Marketer specialists are responsible for creating, strategizing, and implementing marketing campaigns that support growth and business development.
You also need to meet the designated sale quota by customizing the marketing plan in order to sell insurance goods to individuals or businesses on behalf of the insurance company.
The Final Verdict
Is Investment Bankers/Brokers/Service A Good Career Path in 2021? I hope you have got an answer to your above question. Investment bankers are one of the great career paths that you can consider in the long run. Besides, let me know your doubts in the comment section below if you come across any.