What do Investment Bankers do?
- What do they do?
- How much do they get?
- What are the requirments to become an Investment Banker?
- 1 decade agoFavorite Answer
1) Here's a high level summary of what they do - they advise their clients on high level issues of financial organisation, manage the issuance of bonds, recommend and execute strategies for takeovers and mergerswith other companies, and handle selling a company’s stock to the public.
2) Starting salaries in investment banking positions with a bachelors degree after bonus (assistant or junior analyst position) range from $25,000 to $50,000. Starting salaries with an MBA degree range after bonus (associate position) range from $60,000 to $135,000. These salaries vary with firms and with the region of the country you are in. Bonuses typically would be 10 to 50% of salary to start and can move to one to three times salary later.
3) Work involves lots of financial analysis, and a strong background in finance and economics is a necessity. Work weeks of 70 hours or more are common, and all night sessions before deals close are the rule rather than the exception.Source(s): http://www.careers-in-finance.com/
- 1 decade ago
They manage new issues of stocks; underwrite them; and market and distribute stocks on initial offer or the seasoned stocks. They perform all tasks involved in an IPO--legal and procedural. They are not ordinary bankers who mobilize deposits and lend advances.
They are intermediaries in financial markets and perform broking functions in mergers and acquisitions also.
They charge a certain percentage on the value managed, say of an IPO.
Substantial resources and considerable professional expertise may be required to act as investment bankers. Large business houses may collaborate if law of the land permits. It is very rare that individuals or small and medium entrepreneurs could start an investment banking outfit.
- Anonymous1 decade ago
They invest banks.
They get money.
Own money and/or banks.