How To Become An Investment Banker UK

How To Become An Investment Banker UK

07 Nov 2019

An investment banker’s job is one of the most lucrative professions’ where most aspirants believe it requires an MBA degree from top universities to enter the Goldman Sachs (or other such banks) or you need to get a four to a five-year degree from a business school at the undergraduate level. Many hold a technical degree at the graduate level but they shift into such fields and sometimes, those with a degree from top institutions fail to get a reputable job and How To Become An Investment Banker UK.

How to become an investment banker without a degree?

Business firms hire those with a business-related undergraduate degree or a one/two-year program from reputable institutions. 

Sometimes, those working in technical fields or as a lawyer shift to management jobs by getting a one-year degree, as there are multiple ways companies benefit from their previous experiences in those jobs.  Some of the employees in financial companies are recommended by their bosses or management, to join certain educational courses to move up the ladder. 

What does an investment banker do?

The job is about raising capital through stocks, bonds and through interaction with institutions and government. It requires skills to manage mergers and acquisitions. At the entry-level investment banker UK salary can exceed $120,000 a year, and it may also include additional perks in the form of bonuses and other types of compensation.

A managing director in the firm can earn more than $1 million in a year. The work requires exceptionally long hours and it can be a highly demanding job with work hours exceeding 80 to 100 hours a week. 

How to become a banker?

People who have worked in the field of finance for more than 2 years can get a degree from certain institutions, they may have to clear the banking tests or get a management degree, to get better access to recruiters.

The competition is very tough in the area and prior exposure to business school can be helpful but it does not guarantee success.  

Best degree for investment banking UK 

There are thousands of universities offering top degrees and every year thousands of young graduates get a degree from these institutions but only a few hundred are recruited by the top firms and less than a hundred can reach the desired position in the company and investments.

It has been observed that those with full-time experience in the fields are considered more employable as compared to the fresh graduates. Most banks want people who have worked for more than 6 years in a normal banking job.

Investment banking skills 

Without an MBA degree one requires skills and experience in the field of finance and investments. One can talk to the prospective employers and explain to them about the absence of a degree.  

Overall there are certain basic traits required like commitment, resourcefulness, motivation, and good communication skill. One should know the popular trade language and terms associated with market trading. 

The key task required by the multinational is to raise funds to grow their business to help high net worth institutions, government organizations or investors manage funds through strategies to, ultimately, generate profits. You need to be able to depict how equipped you are with the knowledge of the market and can manage wealth efficiently in tricky market conditions. 

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