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Finance

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An investment bank functions as a financial intermediary between those with funds to invest and those needing funds. A major goal of the investment banker is to obtain capital for clients at the lowest possible cost.


Industry Types

In its role of advisor to the company wishing to raise money, the investment banker analyzes the client’s financial situation, recommends the preferred method of raising the required funds, and implements the agreed upon course of action. Most investment banks have two main departments, corporate finance and public finance.

Corporate Finance

Corporate finance includes securities organization, project finance, leasing, corporate reorganization and advisory work, mergers and acquisitions including divestitures, takeover defense and leveraged buyouts.

 

Public Finance

Public finance includes offering services to public sector entities including state and local government.


Finance Services

An MBA is generally a prerequisite for employment as an investment banker. An investment banker must have strong analytical, quantitative and financial skills as well as excellent oral and written communication skills.

Investment banking is very demanding, requiring long hours, the ability to handle many projects simultaneously, and the ability to work well under pressure. An essential aspect of the job of an investment banker is the establishment of new business.

Potential clients must be actively approached. Therefore salesmanship is essential in all aspects of investment banking from establishing client relationships to completing a deal.

 

Underwriting

Purchase securities from the client and resell to institutions and individual investors. The investment-banking firm realizes a profit by reselling securities at a higher price than that paid.

 

Private Placement

Arrange financing with an institution directly rather than by making a public offering.

 

Mergers and Acquisitions

Provide clients with a means of expanding the company through the purchase of another firm by making a detailed analysis of the company under consideration. The investment bank also provides clients with a means of resisting the unwanted sale of the company.

 

Project Finance

Provide clients with a method of raising funds by issuing bonds for a specific project. Revenues from the project are then used to retire the bonds.

 

Financial Advisory Service

Perform an in-depth analysis of the financial structure of the company. Areas of investigation may include long-term financial planning, stock repurchase decisions, dividend policy, working capital management, and valuation of a company’s different businesses.

 

Lease Financing

Means of acquiring equipment or facilities without purchasing them outright. Investment bankers determine whether leasing or buying assets is more profitable.


Resources

Careers in Finance

Career area opportunities in banking, financial planning, insurance, money management, and real estate, top firm listings, salaries, facts, trends, skill requirements and job expectations.

 

Jobs in the Money

Post up to 5 resumes by becoming a member (create a free personal account), search jobs by sector or location, great interview tips, current career news and advice, receive job alerts

 

Finance Job Board

Job searches, links to sample resumes, internship listings, student loan financing tips, job testimonies (daily job descriptions), industry message boards

 

eFinancialCareers

For career management and job listings in the securities, investment banking, and asset management industries.

 

SearchBankingJobs.com

With a free registration you can search banking jobs, submit your resume, apply for job opportunities and contact local recruiters. View hundreds of accounting jobs across the country.

 

Wall St Jobs

Career site dedicated exclusively to the banking and brokerage community, and currently serving the New York, Boston, Chicago and Washington D.C. Metro areas. Job-seekers can search for jobs and post your resume — though registration is required to use any of the site.

 

OneWire

An online Career Management Tool that creates precise career connections between individuals and opportunities. Unlike old-fashioned job boards that rely on keyword matching, OneWire uses a two-step process to ensure that you are matched only with those opportunities that precisely meet your goals and experiences. A Major Global Investment Bank, a Premier Global Financial Services Firm, a Global Alternative Investments Firm, and a Boutique Investment Bank are currently using OneWire to search for candidates to fill open positions. Each week, new firms are being added, and more opportunities are being sourced through OneWire.