what is the degree required to become an investment banker and what is the average salary?
1. The front office comprises the client facing roles like traders, mergers and acquisition analysts, underwriters etc.
2. The middle office consists of research and risk management roles like equity research analysts, risk managers etc.
3. The back office recruits employees for support roles who take up tasks like clearing and settlement processes, bookkeeping etc.
Now for you, if you are a graduate in finance (B.Com, BBA, BMS etc.), then you can do some certification courses and get into the back office roles. You won't be recruited for the middle or front office roles. If you are an engineering graduate, then also you have a chance of getting recruited for back-office roles.
You can refer to the following articles to understand how to start a career in investment banking:
1. How can a graduate get into Investment Banking - https://www.learnwithflip.com/blog/for-individuals/how-can-a-graduate-get-into-investment-banking/
2. 8 Steps from Engineer to Investment Banker - https://www.learnwithflip.com/blog/for-individuals/8-steps-engineer-investment-banker/
If you get an MBA, you'll have an edge over others and can get recruited from campus placements.
The average package from graduates ranges from 5-6 LPA, whereas for MBA students, it can fall anywhere between Rs. 10-25 LPA depending on the specific role and company you are recruited for.
Hello,
Following should be steps to become an investment banker:
1. You can take any stream in 10 + 2 but it is best to take commerce with Mathematics.
2. Next, go for a bachelors degree program in business administration. Generally, graduates specialized in Commerce, Mathematics or Economics get more preference.
3. Next, you would want to get an MBA or CA or Chartered Financial Analyst course.
These are going to be your basic 3 steps to become an Investment Banker.
The basic salary of an Investment Banker is around Rs 691,200 per year.
Good luck!
Many financial sale agents are referred to as investment bankers. This position involves connecting businesses with investors. Investment bankers advise companies on which stocks or bonds to pursue, and they sell securities to investors to try and ensure that investors are protected. Most employers require applicants to hold the minimum of bachelor's degrees. Investment bankers usually must be licensed or registered through the Financial Industry Regulatory Authority (FINRA). And if you talk about salary range then it is quite difficult to predict as it depends on the organisation which you are associated with and the total work experience.
Hope this helps!!!
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