To meet the many challenges of the world of finance, the role of the modern banker demands specialized knowledge and flexible job performances. Banking and Finance courses focus on related fields of banking and finance, and gives the skills to manage money in institutional settings, such as banks or investment houses. One can learn about key banking and finance concepts, and how to assess the financial needs of companies and individuals and match them to suitable financial products. With these courses, one can get an insight on how financial intermediaries and institutions operate, and the structure and functioning of financial markets.
Investment banking is a term for a range of activities like underwriting, selling, and trading securities (stocks and bonds), providing financial advisory services, such as M&A advice, managing assets. Investment banking courses in India is at under-graduate as well as post-graduate levels. Some institutes also offer diploma and certificate courses. Minimum qualification for under graduate program is 10+2. For post-graduation, one has to be a graduate in the relevant field. After doing the course, one can explore career options in Corporate Finance, Capital Markets, Project Finance, Trading, Mergers and Acquisitions, Ratings Analysis, Equity and Fixed Income Research and Retail Brokerage/ Stockbroker/ Private Client Coverage among others.
Each year, thousands of the brightest minds, from the world's best universities, decide to make a career in investment banking. A career in investment banking progresses along a fairly standard path. If one is an undergraduate, they can apply to banks with the aim of landing an investment banking analyst position. Top performing investment-banking analysts can be promoted after three years to the position of investment banking associate. Investment banking analysts spend a lot of time putting together PowerPoint presentations called pitch books. The process is very intensive and attention to detail is critical. The second task of an analyst is analytical work. Examples include entering historic company data from public documents, financial statement modeling, valuation, credit analysis, etc. The third task is administrative work like scheduling, setting up conference calls and meetings, making travel arrangements and keeping an up-to-date working group list of deal team members. Investment banking associates are usually recruited directly out of MBA programs or analysts that have been promoted. Their role is similar to the analystís role, with the additional responsibility of serving as a liaison between junior and senior bankers, and in some instances, to work directly with clients. Senior bankers have a wide variety of past backgrounds ranging from investment banking to corporate executive management. They often understand their industry landscape at a very detailed level and can anticipate deals in the sector. As economic environments shift, they anticipate when companies will need to raise capital or when strategic discussions (M&A, LBO) are necessary. By anticipating such needs, Managing Directors can start crafting appropriate pitches early on to clients with the aim of turning these pitches into live deals.