How to Become an Investment Banker in India?
How to Become an Investment Banker in India?
Blog Article
Who is an investment banker?
An investment banker is a professional expert in finance who takes all the major decisions in
a company, bank or any financial institution. Just having a degree in finance won’t suffice
as the job demands proficiency in numbers and real-life experience. The job role also
includes fundraising, investments, and raising capitals from the capital markets.
Additionally, creating strategies related to finance, merging acquisition and management of
assets is also part of their job. The demand for investment bankers are on the rise as the
Indian economy is growing every day, which in turn increases the opportunities for
investment.
Need and importance of an investment banker
The need and importance of an investment banker cannot be denied in the finance world.
An investment banker not only helps in capital flow but also acts as a financial guide and
expert in various financial institutions. They play a crucial role in maintaining the overall
health of the financial market and the economy in general.
What are the Popular Courses for an Investment Banker?
The following are the most popular courses if you are planning to become an investor
banker:
MBA in Digital Finance and Banking
The course trains students with the skills and aptitude to excel in the field of finance and
banking. The post-graduates are prepared for various traditional roles, such as Digital
Banking Manager, Fintech Analyst, Risk Management Consultant, Data Analyst/Data
Scientist, Investment Manager, Product Manager, Customer Experience Manager,
Compliance Officer, Business Development Manager, Block chain Specialist, Digital
Marketing Specialist (Finance), etc.
MBA (Finance)
The degree helps students to excel in various field such as banking, investment, finance,
management and corporate finance. The course is a combination of practical and
theoretical knowledge allowing graduates to analyse difficult financial situations, make
calculated decisions, and contribute efficiently to their organizations.
Salary of an Investment Banker
Entry-Level Positions
Analysts: Normally, freshmen joining as analysts can earn between Rs 6 and Rs 12 lakhs per
annum in India.
Associates: After a few years of experience, an MBA graduate might earn between Rs 10 and
Rs20 lakhs per annum.
Mid-Level Positions
Senior Associates/Managers: After several years of experience in the industry, salaries can
range from Rs 15 to Rs 30 lakhs per annum.
Vice Presidents: A VP roles earns between Rs 25 and Rs 50 lakhs per annum, depending on the
firm and the years of experience.
Senior-Level Positions
Directors/Executive Directors: A director of a firm can range between Rs 50 and Rs 1 crore
per annum.
Managing Directors: A MD to a company can earn around Rs 1 crore per annum, depending
on the company and the performance.
Conclusion
To become an investment banker in India, the aspirant needs to have dedication and strategic
planning followed by continuous learning. By following these step religiously, you can
become a successful investment banker. The right skill and dedication can help you to
navigate through the complex competitive environment and allow you to impact society
in large.
Investment bankers usually work for investment banks or financial institutions and
frequently have solid backgrounds in finance, economics, or business. They have long
working hours and requires excellent analytical and communication skills.
Although a degree is not the only criteria for becoming an investment banker, an
amalgamation of related education, hands-on experience, networking, and constant
learning will prepare you with the expertise and understanding required to flourish in this
competitive field. Concentrate on building a solid groundwork in finance and economics,
and pursue prospects to advance real-world experience.