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How to Become
Investment
Banking Analyst

A Complete Guide
 Why pursue a career as an
investment banking analyst?

When you choose to embark on the path of an

investment banking analyst, you have the
opportunity to:

Develop expertise in investment valuation and

company analysis through the creation of
complex financial models early in your career.

Acquire valuable experience in financial

valuation, augmenting your ability to assess the
worth of companies and assets.

Unlock promising career prospects in finance,

such as roles in private equity, hedge funds, and
corporate finance, all thanks to the strong
analytical foundation and industry connections
you establish.
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 What Does Investment
Banking Analyst do?
"Investment banking analysts typically
consist of recent graduates who enter
investment banking firms with the aim of
raising capital for individuals and businesses,
involving activities such as selling equity and
issuing debt.

Their responsibilities include preparing

intricate financial transactions and legal
documentation, conducting research related
to mergers, and analyzing financial data and
market trends.

Embarking on a career as an investment

banking analyst offers extensive exposure to
the finance industry and serves as valuable
preparation for more advanced roles in the
future.
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How Do You Start as an Investment
Banking Analyst?
A career in investment banking is highly competitive
due to its potential for substantial compensation.

Investment banking analysts are integral members of

an investment banking team, employing their
expertise in financial statement analysis, project
valuation, financing, financial modeling, and
accounting.

Investment banks actively seek well-educated and

proficient candidates with a deep understanding of
quantitative skills and financial modeling.

An investment banking analyst is expected to

demonstrate proficiency in Excel and possess strong
skills in analyzing market data.

The role of an investment banking analyst involves

engaging in analytical tasks such as developing
financial models for various sectors, including but not
limited to real estate and power projects."

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 Investment Banking Analyst Job
Description
As an investment banking analyst, your
responsibilities include:

Meeting with clients to understand their

financial objectives.

Acting as intermediaries between corporations

and investors.

Developing financial models.

Researching stock, bonds, and market

performance.

Analyzing financial data.

Assisting in creating financial offerings.

Compiling reports using finance software.

Handling administrative tasks as required.

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 Practical Action Steps to Become
an Investment Banking Analyst

Step 1: Obtain a Relevant Educational

Qualification

1. Bachelor’s degree: Complete a bachelor’s

degree from a reputable college or university.

2. MBA: Get a master’s degree in finance,

economics, business administration (MBA), or
a related field from a reputable business school.

3. CFA: With certifications like the Chartered

Financial Analyst(CFA) designation, you enter
the career without much hustle.

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Step 2: Develop critical skills and
knowledge

Key Skills:

Financial acumen: Understand financial

concepts, including statements, valuation
methods, modeling, and investment analysis.

Quantitative skills: Master quantitative

analysis, mathematics, and statistics for
handling complex financial data.

Communication: Improve written and

verbal communication for effective
reporting and client interaction.

Computer proficiency: Use tools like

Excel, financial software, and data analysis
software.

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 Step 3: Gain relevant experience

Internships and working experience:

Secure a relevant working experience like a

summer internship at a top investment bank
during your undergraduate years. Look for
positions at investment banks, financial firms,
or corporate finance departments where the
experiences you get provide valuable exposure
to the industry.

Professional registration and licensing:

Once employed, get professional registration

and licensing with the Financial Industry
Regulatory Authority (FINRA).

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 Step 4: Networking

Build connections:

Networking is critical when you intend to

venture into this career. It’s even more
important if you’ve not graduated from an
Ivy League university or have someone close
to the industry.

Professional network:

Establish a professional network by attending

industry events, conferences, and career fairs.
Connect with professionals already working
in the investment banking industry and seek
mentorship.

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 Step 5: Prepare your application
Resume and cover letter:

Create a well-crafted resume and cover letter

highlighting your relevant skills, experiences,
and academic achievements.

Step 6: Apply for positions

Entry-level positions:

Look for entry-level analyst positions at

investment banks. These positions are often
titled- “Investment Banking Analyst” or
“Financial Analyst.” Apply directly through
the bank’s website or through job boards.

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