Can a diploma in investment banking get you your dream job? (2024)

  • Imarticus
  • January 3, 2023

Can a diploma in investment banking get you your dream job? (1)

In these times, an investment banking course with placement is a golden cow you need to milk. Investment banking is the most preferred job for people passing out of IIMs. If you want to know the statistics of job openings, a top banking firm in Mumbai has around 2000-3000 front desk jobs for investment bankers.

Not only that, JP Morgan, one of the premier banking firms in the world, receives around 50000 applications for 400 internship openings. The salaries are pretty good too. The biggest benefit of this job is that you could rise through the ranks to the top of the hierarchy within a decade. No wonder this is one of the best jobs you could ever dream of.

Career as an investment banker

Can a diploma in investment banking get you your dream job? (2)

Investment bankers are one of the most important professionals in the banking industry. They provide financial consultancy services to both high net worth individuals (HNWI) and organisations. Your primary responsibility as an investment banker is to raise capital for the individual/organisation after assessing their financial position in the market. This assessment serves two important purposes. Let us know more about it.

When working for an investment bank, you will have to report on the various opportunities available in the market. One of the core responsibilities of an investment banker is to tell his/her client what to buy or where to invest. You will have to make several reports regarding the performance of this specific investment opportunity. This is what the buying side of investment banking is all about.

There is also the selling side of the investment banking role. Say you are working with a company that wishes to sell some of its assets or a product or service in the market. That is also one area where you have to chip in regularly as an investment banker. In this area also, you will have to contact the prospective buyers or clients and convince them to make the purchase.

But still, why should you be interested in the investment banking field?

Investment banking has been becoming big in the last two decades. The nature of the job has become more important and immersive. Earlier, any financial professional could handle this job, be it a CA, CMA, CFA or MBA. But slowly, the top brands and business owners realised that knowledge about finance only wasn’t going to break the ice. Something extra is required to grow to gigantic proportions, especially globally.

To serve the bigger cause, professionals with specialised knowledge were required. Here comes the demand for investment banking courses after graduation. They caught individuals interested in banking at an earlier stage and moulded them as per the requirement of the field. As a result, many high-quality investment bankers were created indigenously, and Indian banks also started growing in their stature in the global market.

Over time, India has become a big and unique force in the global banking system. Not only that, you get many opportunities to develop a high-profile career right from scratch. Who would let go of such an opportunity?

What is the career pathway for becoming an investment banker?

We will be discussing how you can become an investment banker:

First combination: Class 10th + class 12th in non-medical stream + UG in any engineering discipline + diploma in investment banking

In this combination, we shall refer to the students from the non-medical stream. These are those students who would initially be opting for engineering studies. In this stream, you should have strong mathematics knowledge and number-crunching capabilities. You will be trained for your role as an investment banker after you complete your engineering studies. At a later stage, ensure you also get an MBA in investment banking for better prospects.

Second combination: Class 10th + class 12th in commerce stream + UG/PG in any commerce course (B.Com/BBA/M.Com) + diploma in investment banking

Since you are from the core commerce stream, you will have a fair idea of investment banking. Your syllabus will cover most of the topics of investment banking. After completing your diploma, you can immediately opt for placement.

But, which investment banking diploma should you opt for?

Imarticus Learning has this wonderful investment banking course with placement. You can learn from the best faculty in India and get to know about the investment banking field in detail. Also, after completing the course, you can get placed at the top companies in India.

So yes, a diploma in investment banking can help you get your dream job. What are you waiting for? Enrol now!

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Can a diploma in investment banking get you your dream job? (12)

Can a diploma in investment banking get you your dream job? (2024)

FAQs

Is it hard to find a job as an investment banker? ›

Investment banking recruiting is an extremely competitive process, so you'll want to do whatever you can to stand out during the recruitment process. Banks value the quality of your job experience, and the quality of your schools attended, and how hard you network or “hustle” for the role.

Which certification is best for investment banking? ›

Chartered Financial Analyst (CFA)

A finance professional with a CFA certification is highly regarded in the banking industry. They are considered experts in a variety of fields, such as economics, portfolio management, investment banking, and equity research and analysis.

What GPA is required for investment banking? ›

These banks often filter candidates based on GPA, typically favoring those with a GPA above 3.5. To catch the attention of investment banking recruiters and hiring managers, it's essential to display excellence both on paper and in person.

Is it possible to get an investment banking job with no experience? ›

But breaking into this competitive industry without prior experience can be a daunting process—especially if you don't have an expert to hold your hand along the way. However, if you use the right approach and strategy, starting a career in investment banking with no experience is possible.

Does investment banking still pay well? ›

Total compensation is often in the $150K – $250K range (as of 2022). Investment Banking Analyst Hours: You'll be in the office for 70-85 hours per week, but you won't be working for that entire time. Investment banking hours are long, but there's also significant “downtime.”

What is the acceptance rate for JP Morgan investment banking? ›

JPMorgan accepts less than 1% of intern applications and trains everyone in LLMs. JPMorgan's investor day has had a lot to say already about its investment into bringing in new bankers and traders. It's also revealed some interesting facts about its training program.

What GPA does Goldman Sachs look for? ›

Goldman Sachs does not give a specific minimum GPA requirement, though some sources suggest a GPA of at least 3.6 is preferred. Additionally, you may need to show relevant coursework and hard skills for certain programs.

What degrees are most useful for investment banking? ›

Most investment banks prefer degrees in finance, accounting, business administration, and other business disciplines. Undergraduate degree subjects are less influential in the hiring process if a candidate has a master's degree in business administration, finance, or another highly relevant subject.

What GPA do you need for JP Morgan? ›

Q: What are your GPA requirements? A: We value diverse degree backgrounds and experiences and while a GPA 3.2 (or equivalent) in your undergraduate degree is preferred it is not required. Our training programs are designed to allow everyone, regardless of major studied to succeed.

What is an entry-level investment banker? ›

What Does an Entry-Level Investment Banker Do? An entry-level investment banker performs a variety of research and investment duties for an investment bank. As an entry-level worker, you may still be getting training from those with more experience.

What is the easiest way to get into investment banking? ›

A college degree in finance or economics is typically the starting point for entry-level jobs at an investment bank. Accounting and business are also common educational backgrounds.

Do you have to be smart to do investment banking? ›

Working with driven peers. The field of investment banking has many people who want to be highly successful, and your peers are likely to work just as hard as you. The job requires intelligence and analytical capabilities, and colleagues and clients may need to perform at a high level to maintain their competitiveness.

Is there a demand for investment bankers? ›

The U.S. Bureau of Labor Statistics (BLS) projects that securities, commodities and financial services sales careers—which include investment bankers—will grow by 7% from 2022 to 2032. This projected growth is faster than the 3% growth projected for all occupations nationwide.

What are the odds of getting into investment banking? ›

You have ~ 1% chance of breaking into a Bulge Bracket / Elite Boutique IB!

Are investment banking jobs hard? ›

Investment banking is one of Wall Street's most coveted roles. It is also one of the hardest. It is no surprise that the average day in an investment banker's life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers.

How hard is it to get an investment banking interview? ›

Getting the first interview is often a difficult task all on its own, so you need to be ready to answer some of the most common investment banking interview questions.

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