If yes, you ought to pat yourself on the back.
Careers in the finance field such as the investment banking firm are undoubtedly an exciting and rewarding job. Though the field is said to be stressful and nerve-wracking, it is still one of the most lucrative jobs across the globe.
Since the job demands professionals with a confluence of mental and emotional aspects , organizations often seek professionals with a specific skill set. Becoming a banking professional is not easy, it encompasses multiple skillsets.
You will find multiple job roles in investment firms. As a fresher, you might start as an associate or an analyst, but with time and experience, you might be given a senior position. While the job roles can be exciting, it also requires professionals to possess tangible skills. Let us have a look at the relevant skills needed in investment firms. The common ones include:
• Negotiation and communication skills
• Business valuation
• Relationship skills
• Extensive financial market knowledge
• Sales development
• Business development
Skills can vary from one organization to another. However, potential employers can be quite skeptical about the candidates they hire. Therefore, knowing every skill in the investment banking firm should be an art.
Some of the other skills you might want to be a master of are as follows.
• Entrepreneurial
Entrepreneurial skill is considered a must-have in the investment firm. Else, how do you expect to be both creative and innovative at the same time? Topmost bankers possess the ability to approach any type of problem with rigor and courage.
• Intellect
Perhaps, you need to be highly intellectual in the job. You wouldn’t want to end up with somebody questioning your skills, do you? Hereby, in-depth knowledge like mathematics, finance, economics, analytics, etc.
But becoming an investment banker needs more than just these core competencies. A certification in investment banking can also help you in career growth. They require intellectual curiosity, not just to perform their job but to understand the crux of the responsibility they’ve been given to handle. An investment banker’s job is also to fix and solve complex problems and create new and innovative solutions. Such skills can be derived from subjects like physics, engineering, science, mathematics, finance, accounting, etc.
• Relationship building
Relationship building is one of the most crucial skills an investment banking professional needs to possess. As such dealing with business stakeholders and professionals outside the firm is mandatory. Building social and professional relationships should be their core forte. Dealing with different types of people can be challenging most of the time. You need to have high energy and relationship-building skills such as understanding the client’s needs and the attitude in which they speak and behave largely impacts a relationship.
• Self-discipline
Most people are often aware of the fact that the salaries drawn by investment bankers are super high. But nobody tells you about the long hours or the hard work and diligence they put in doing their jobs. Well, self-discipline comes with rewards as well. So, if you know you’re doing the job right you will always be rewarded. At the entry-level, analysts or associates work under high-pressure environments, this is where discipline plays a huge role. They need to perform even in intense situations. You need to be able to demonstrate self-discipline. Such traits can be innate, but at times it needs to be learned in multiple ways.
Endnote
Landing a job at an investment banking firm is no joke. It does need certain specific skillsets, much of which can be possessed through learning and education. In addition to this, it takes grit and hard work to work at investment firms.
Finance Manager by profession, Finance blogger by passion. https://www.cima.institute/
