LEARN ABOUT THE WORLD OF INVESTMENT BANKING
Career Path
In investment banking there is a clear-cut hierarchy in roles. Many people are attracted to this industry for the money, others live for the excitement and thrill, and some prefer the exit opportunities in varying industries.
Same old...
The investment banking career path and corporate hierarchy is well-defined and hasn’t changed much over time:
Intern
You can become an intern at an investment bank through summer work experiences. You learn about the inner working of the bank and mainly help out the analysts.
Analyst
As an analyst you mainly write out Excel spreadsheets and compile Powerpoint presentations, as well as carrying out other administrative tasks such as tracking buyers and sellers, managing the data room and deal documents, and responding to requests from clients and potential clients.
Associate
Associates will assign most of the work to their analyst, check it, and occasionally carry out the "menial" tasks such as preparing presentations and spreadsheets, especially for more complex presentations and meetings
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Associates are also given more responsibility through attending more meetings and interacting with more clients.
Vice President (VP)
Many people that you will come across at an investment bank are Vice Presidents. It is arguably one of the toughest jobs in this hierarchy as you have the most to juggle.
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They take on more of a management role over the associates and analysts so their working hours are slightly lower. They take requests from more senior partners and then relay the information to the analysts and associates, working with them to complete the task.
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Obviously, there is more responsibility and with that comes much more client interaction such as calling potential buyers to sell a product the bank is selling.
Director
As a Director you will still maintain some of the responsibilities that a VP has however, your main aim is to win more clients for the bank. Ultimately, that is what is required to make it as a MD.
Managing Director (MD)
As a Managing Director, you are expected to bring in clients for the bank, arrange meetings with companies and improve relations with your clients and potential big clients.