The 2008/2009 downturn earned investment banking a giant black eye. While a lot of the headlines were true for the large banks, boutiques and middle market firms had nothing to do with all of that. Investment banking is still a great career path.
This mid-week episode of Finance Career Launch is the first of a four-part series about Getting into Investment Banking. Each of these episodes will be a little longer than normal, but hopefully I can answer a lot of the questions I receive about becoming an investment banker.
Although I will touch on the bulge bracket firms in this series, most of it will focus on the middle market. I have spent my entire career in the middle market so that is where I’m most credible, but I also think there is a lot of opportunity here. The middle market is a large part of our economy and the people and companies are fascinating.
Today I’ll be focused on three main reasons why I think investment banking is a great career path (it’s not just about the money). The work and people are fascinating, and you get challenged every single day. I can’t think of a better place to learn about business and improve yourself.
In this episode:
- Why the work of an investment banker is so interesting
- The significant role investment bankers play in helping family businesses
- How investment banking gives you a unique view into a company’s strategy
- What investment bankers understand better than most other businesspeople
- How a career in investment banking with stretch you at all levels
- The role of investment banking analysts and associates
- Why vice presidents have such a tough role
- How your role changes over time as an investment banker
- The personal rewards you’ll earn as an investment banker (they are more than just financial)
- Why investment banking is a great place to build your personal network
Music by Elijah from NOMADS