How to answer "what does an investment banker do?"
Hi all,
Recently I was asked "what does an investment banker do at a junior level?"
I know there have been many answers/variations to the types of answers available, but I would love to know what some people have experienced is the best way to approach an answer to this question.
Appreciate it in advance!
This one comes down to how junior you're talking; the below would apply to analysts.
Here's the context: at the highest level investment banks do two things, raise capital and advise on "strategic alternatives". Depending on the specific group/role junior responsibilities vary. Safe bets to mention include preparing pitches (using excel to create graphics and building ppt decks), coordinating information flow (CIMs, managing data rooms, scheduling calls, tracking auction processes, etc), basic financial analysis like spreading comps, and financial modeling, though this tends to mostly be the purview of 2nd years in my experience. It never hurts to be humble and say something along the lines of "I understand that at the junior level I'll be doing a lot of powerpoint but I am really excited to learn about how companies operate financially along the way"). Hopefully this gives you a place to start.
Investment bankers are the financial advisory. The major role of investment banker is to manage financial sector during crisis. They help to their clients raise money and provide financial advices. They buy securities from the issuers and sell them in public. Hopefully you got your answer.
I just tell people I’m a bank teller.
While there are bank tellers out there telling ppl they are in banking lol
Opens up checking accounts
Easy answer ... bankers do God's work!!!
Mainly graphic design for powerpoints during the evening hours, or they're quite well known for getting coffee also
Glorified realtor for companies and a glorified charity fundraiser for companies through stocks and bonds instead of cash
Good one
Oh my god. People have NO IDEA what that means anymore! How the hell is THAT possible? They think it's a financial advisor! I have to tell people I am an M&A specialist, I also work on LBO's. Still, often, no friggin clue. They think you are a stock broker.
Rock Star
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