Investment banking is a specialty division of banking that helps people and businesses generate capital and provide financial consulting support to them. Investment banks frequently assist and/or advise their clients on how to handle a variety of financial assets, including real estate, debt and equity funds, and so forth. They facilitate communication between security issuers and investors and support the IPO of new businesses. The process by which a private business becomes public is known as an IPO. To gain certification in Investment banking courses, one can be from any background but mathematics is important.
People from other fields are also welcomed in this course but the ones who are majoring in analyst training, principles of marketing, presentation skills, accounting, or a degree in finance are more popular among Investment bankers.
Why Do Investment Banking Courses Help as a Career?
Of all the jobs out there, why are people doing investment banking courses? The goal is to immediately establish their intelligence, their comprehension of the job’s requirements, and their genuine desire to complete the task despite knowing everything that has to be done.
In the end, investment banks want someone who is –
- Smart enough
- Can handle hourly work
- And would have consistency
- Have smooth access to Excel, Word, and PowerPoint
- Exposure to high-profile deals
Positive Reasons Why Investment Banking Courses Are Valuable:-
Financial and valuation modeling work
Investment banking courses give you the chance to develop your expertise in creating extensive, sophisticated financial models at the very beginning of your career. Bankers do spend a lot of time on valuation work, which can be an excellent way to start your career even though they aren’t necessarily great investors.
Exposure to a high-profile transaction
Before they are made public, the majority of the projects that bankers work on are top secret; when they are, they often appear on the main page of the business section. If you say something to this effect, it will probably tickle the interviewer’s ego and provide an extremely compelling reason to enter the field.
A steep learning curve and an extreme challenge
It will go a long way towards making you a desirable job applicant if you can acknowledge that investment banking needs extraordinarily long hours and that you’re truly motivated by the challenge. Using examples from your personal life, such as competing as a professional musician, athlete, or in another extraordinarily difficult undertaking (like climbing Mount Everest), can be beneficial.
The fact that you have experience with and exposure to financial modeling is one of the main ways that investment banking courses could assist you land a job. Analysts and Associates, in contrast to the bulk of other roles, have the opportunity to work on creating various types of financial models for large transactions.
Yes, rookie bankers have to do a lot of tedious work (like printing and binding pitchbooks, revising text, etc.), but they also learn one of the most in-demand financial skills. In general, investment banking courses can take you and land you into jobs that are rewardable, profitable, and challenging undertakings.
If you love playing with numbers, interacting with clients, and helping companies accomplish their expensive (big) goals, it can be a great path. After completing the course they become an investment banker: These people are the key players in investment banks who connect both the sellers and buyers and find ways to make their clients money.
Pros of Doing Investment Banking Courses:
- Transferable skills
- Good salary packages
- Opportunities for growth
The biggest positive outcome of doing investment banking courses is the experience that we gain. You put in a lot of long, arduous hours, but the knowledge you acquire is priceless. Chris Laferla, founder and CEO of a software company and a former investment banker says that “As an analyst and associate for two years, you develop some fundamental business abilities that will make you a valuable employee always.
The employment options are endless from there: you may go into investing (private equity, hedge funds, venture capital), or you can go work as an operator, which is becoming an increasingly popular position these days”.
Beyond offering good pay, investment banking can provide you with many chances and excellent networking connections. Skills through investment banking courses are important that one should possess if he/she wants to excel in the finance industry. In India, there are several institutes (both offline and online) that give investment banking certification.
Here, I’ve Stated the Top 5 Institutions for Investment Banking Courses:
1. Indian Institute of Management (IIM), Ahmedabad-
IIM Ahmedabad’s Applied Investment banking program is a legacy program that emphasizes the practical side of finance. This program, which has a heritage spanning the previous 16 batches, includes a curriculum rich in case studies that reflect the actual issues that bankers and analysts confront in the real world throughout their careers.
The program shapes the bankers to move on to the next phase of their employment when their responsibilities would include leading teams and making important choices. The course will give a brief overview of financial reporting, statements, financial statements analysis, corporate finance functions, the theoretical background of cost capital, and making capital investment decisions.
2. Indian School of Business (ISB), Hyderabad –
ISB is one of the top business schools in India. ISB provides a postgraduate management program (PGP) with a focus on finance. Students who want to work in investment banking can enroll themselves here in PGP in finance at ISB Hyderabad. After the completion of the course, they provide a 6 months summer internship on investment banking where they are introduced to the world of banking and finance.
The goal of the course is to give students a basic grasp of mergers and acquisitions, financial modeling, valuation, and investment banking operations.
3. IIM Indore –
IIM Indore offers certification in Investment banking. The postgraduate certificate program is intended To accomplish specific investment goals for the benefit of investors. They must manage a number of investment banking duties and responsibilities, including asset management, securities valuation, and other derivatives instruments.
Additionally, the course aims to give high-net-worth individuals access to several functional areas of investment banking, including Mergers & Acquisitions, Investment, and Portfolio Management, and Investment Advisory Services.
Additionally, the training covers the methods and tools required to optimize the risk-return. Participants in the training receive up-to-date information and skills in investment banking.
In a nutshell, the program will allow participants prepped up for more effective and knowledgeable decisions in specific important areas like the decisions in merging, IPOs, bond trading, valuation, portfolio advisory services, and other areas.
It will also provide participants with the knowledge and practical skills they need to succeed as investment bankers.
4. Edubridge.India –
Edubridge is an online platform where one can get many certificate courses. Among all courses, their courses are the most demanded ones as they provide a 100% job placement guarantee. This course is intended to provide the necessary expertise to manage the different duties and responsibilities of investment banking, including asset management and asset valuation for equities, debt, and other derivative instruments.
This assists in accomplishing certain investment goals for businesses and investors. Additional useful features of investment banking include investment and portfolio management, consulting services, and mergers and acquisitions, which corporations and individuals can benefit from.
You will learn about the departments of Financial Operations, Treasury, and Clearing within an Investment Bank in this course. Additionally included is a thorough comprehension of risk-return structures within different asset types.
In addition to learning how to create logically structured modules, activities, and real-world case studies, one will also learn how to acquire the abilities necessary to succeed as an investment banker or financial analyst. They have a 100% job placement guarantee as part of their career acceleration program, allowing you to advance and reshape your career.
5. Great Learning –
Great Learning is considered India’s largest professional learning platform. They have a global presence in more than 170 countries and are on a mission to develop competent, future-ready professionals who can succeed in the digital economy.
They have been able to teach professionals all over the world in the last nine years, and thousands of them have successfully advanced their careers at renowned firms. A few examples include Amazon, Microsoft, Deloitte, American Express, Adobe, Accenture, IBM, and McKinsey.
Impressively, their students dedicated 129 million hours to furthering their education and professional development. Additionally, they added Northwest Executive Education and Superset as members of the Great Learning family.
The Indian Education Awards have also named them the “Best Edtech Company of the Year.” You will gain a thorough understanding of investment banking in this course, including its definition, purposes, several varieties of investment banks, and the trading cycle.
They also go into detail about the various varieties of investment banks, such as full-service banks, boutique banks, and international banks. You’ll discover how these banks serve a variety of customers, from modest start-ups to enormous enterprises. Investment banking relies heavily on an understanding of the trade cycle since it enables banks to identify the sectors and businesses that are most likely to be lucrative.
We’ll examine the various trade cycle phases and how they affect financial investing choices. Another crucial area of research in investment banking is merchant banking. You’ll have a firm grasp of investment banking, the various varieties of investment banks, the trade cycle, and the distinctions between investment banking and merchant banking at the end of this course.
Most of the institutions which are mentioned above have shaken hands with great companies like BYJU’S Group, American Express, etc to provide a financial platform for the people as well as to gain experience in banking after ting complete their Investment banking courses.
They’ve also worked together and started new programs with institutions including Deakin University, the National University of Singapore, IIT-Roorkee, IIIT-Delhi, and Shiv Nadar University, among others, and they’ve upskilled more than 3.3 million students on our platform, setting a record.
Every day, many candidates sign up for this course, a specific branch of banking that assists people or organizations in generating funds and offering financial consulting services. One of the best programs in India, it offers a wide range of employment options.
Background and Qualifications:-
The main eligibility criterion for Courses is having B.com, CMA, CA, MBA, or any other degree which is related to business or commerce. The candidate must be 18 years old or above for this course. Since the course will be given in English, good English communication skills are required.
A candidate normally needs at least a bachelor’s degree in finance, economics, accounting, or business to get entry-level employment with an investment bank. Having a Ph.D. or master’s degree can also help your career possibilities in this field.
An in-depth understanding of business, finance, economics, and maths might provide you an advantage over typical candidates who lack a background in business and finance. This is in addition to the educational requirements starting with graduation and going as high as Chartered Accountant. One of the several routes into the IB industry is the MBA (Finance).
By covering all crucial subjects like business management, accounting, marketing, commercial savvy, finance, and financial analysis, the postgraduate course gets students ready for a career in investment banking. Additionally, there are many opportunities for students to network with peers and business leaders. Candidates with an MBA in finance can land lucrative jobs in fintech, startups, banking, and other financial services.
The management of a company’s financial portfolio is entrusted to the same expertise and seasoned personnel, making it a vital area of business. And the pay that finance experts receive reflects this. A highly solid foundation in finance is expected of an investment banker.
Also, There Are Certain Skills Other Than Educational Qualification Required for Becoming an Investment Banker, Such as:
Analytical Skills: In the world of investment banking, analytics skills are essential. An analytical mindset can help you get hired as well as further your career in this industry, whether it be through fiscal research or finance modeling. Analytical talents include the capacity for data analysis, research, data visualization, critical thought, and problem-solving.
These are crucial abilities for a professional to possess. The capacity to divide a larger problem statement into more manageable divisions and then attack each of these categories with a plan. These analytical skills are needed in both Indian and international investment banking.
Calculative Skills: Prior to having solid mathematical abilities, a position in banking or finance cannot be considered secure. Calculative abilities must be a strength of yours because investment banking professionals spend a lot of time tinkering with numbers.
Finance Knowledge: Investment bankers need to be knowledgeable in the fundamentals of finance, including keeping a balance sheet and producing profit and loss accounts. Someone with financial understanding must be capable of handling a variety of responsibilities, including financial management, accounting, etc. Along with the hard talents, some soft skills, such as communication and interpersonal relations, are also necessary.
IT Skills: When we talk about IT Skills, it means investment bankers should know how to use MS Word, PowerPoint, Excel, SQL, etc. The whole work is dependent on these tools.
Jobs & Salaries:
There’s a wide range of responsibilities that can be found in an investment banker’s job description. By offering debt or equity in their clients’ companies, investment bankers help their clients raise money on the capital markets. Other responsibilities include guiding clients through mergers and acquisitions (M&As) and providing them with information on specialized investment options like derivatives.
The day-to-day work of an investment banker can be challenging, fast-paced, and demanding for those who value a more relaxed work-life balance. If you’re looking for a profession that normally demands 40 hours per week and flexible scheduling, investment banking might not be the best career decision for you.
After completing investment banking courses, in India, an investment banker makes an average yearly pay of INR 9.61 lakh. With bonuses and shared profits, it goes from INR 2.46 lakh to INR 70 lakh annually. Due to the necessity for businesses to generate money and capital for their projects, there has been a significant increase in the demand for investment bankers in recent years.
Investment bankers are in high demand in the Indian financial sector as the number of investors in the nation rises. This course can be pursued as a full-time undergraduate, certification, or postgraduate degree. Certainly, admission is based on merit. Students who want to study investment banking must take management entrance exams such as the CAT, XAT, MAT, SNAP, etc.
Students have a variety of different diploma and certification options in addition to the standard undergraduate and graduate courses. Well, the average fees for this course generally range from INR 60,000 – INR 1,00,000. Also, there are a lot of online platforms available where they offer free courses.
Investment Banking as a Good Career in India:
As a career, investment banking courses, will be able to assess the Indian financial system, including stock markets, derivatives, and the many types of derivative products and derivatives applications enlighten you on the many investment banking participants, how to value equity, the different kinds of bonds, how to determine the sensitivity of the bond price, and how to decide between bonds and equity investments.
There are some cons also in this field, like,
- Long hours
- Stressful environment
- Competitive industry
The greatest drawback, according to investment bankers, is the long hours. Their weekly hours can range from 60 to 100. When a major project is underway, they occasionally put in long days of work.
Laferna notes that “Investment bankers talk about how hard it is, sitting at your office desk till 2 a.my., waiting for the reviews on a presentation which you have been working on for the past week, knowing that again you have to report to your office early in the morning if there are any changes during the last minute then you have to start over again.”
Additionally, the field is quite competitive. According to the report of the JPMorgan Chase company, they received nearly 50,000 applications whereas, there are only 400 open positions with an acceptance rate of only 1%. The long hours shift plus the competitive nature of the industry creates the work environment stressful.
Frequently Asked Questions (FAQs)
1. Can I do investment banking courses after class 12th?
To become an investment banker the minimum entry level is 3 or 4 years of a bachelor’s degree. The greatest possibilities for a career as an investment banker are a bachelor of commerce (B.Com), a bachelor of arts (B.A.) in finance, a bachelor of arts (B.A.) in economics, and a bachelor of business administration (BBA) in finance.
2. Is it possible to become an investment banker without CA?
To specialize in finance, you will need to add a CFA, MBA with a finance concentration, or FRM degree to your Chartered Accountancy degree. You can beat out the competition if you also hold one of these degrees in addition to a CA degree.
3. Which city in India is best for investment banking?
Mumbai is the finest city in India for investment bankers because an investment banker there earns currently over Rs. 18 LPA. Investment bankers make 4% more money than ordinary workers in New Delhi and Pune.
4. How much is the starting salary of an investment banker in India?
The average starting salary of a fresh investment banker in India starts from INR 80,000.
5. How is the life of an investment banker?
An Investment Banker’s Day in Life. Investment bankers give their clients advice on complex financial organization challenges. They oversee the issuing of bonds, make suggestions for and carry out takeover and merger strategies, and deal with the public offering of a company’s shares.