Top 3 Skills Needed for Investment Banking

Investopedia lists discipline, entrepreneurial, and relationship-builder as among top five skills for investment banking. In my opinion these along with persistence and excellent communication are essential for bankers. What say you?

investment banking skills needed for analysts

When talking about investment banking, many prospective bankers are highly focused on the needed technical skills such as accounting, valuation, and financial modeling. While these skills are important - in reality soft skills are what make most bankers successful. Investment banking is a very time intensive and stressful job that wears out most people. Those are that able to succeed must have endurance in addition to a commitment to producing perfect deliverables for clients.

Some of the key necessary skills include:

• Enthusiasm
• Grit
• Attention to Detail
• Endurance
• Positive Attitude
• Ability to Learn Quickly
• Tenacity

Investment Banker Skills Required for Success

Of these, the ability to learn quickly is extremely important. as analysts are often thrown into the fire after a short training period. The most successful analysts will be the ones that are able to figure out the tasks needed and complete them very well without having to ask an endless stream of questions. Additionally, this is important as analysts shouldn't make the same mistake twice.

Along these same lines - attention to detail is critical as the work submitted by analysts (both models and ppts) will go to boards of directors and can affect billion dollar deals.

The necessity of endurance, grit, tenacity, and a positive attitude all exist around the knowledge that investment banking has brutal hours and often mindless work. The most respected analysts are the ones that can keep their head down, put on a smile, and put in the work without any attitude.

User @AndyLouis", an industry COO, shared a good alternative list of the skills needed:

AndyLouis - Industry COO:

• Prioritization & efficiency
• Attention to detail & consistency
• Discipline & work ethic
• Dependable
• Easy to get along with / friendly

You can learn more about the skills needed to be an investment banker with the below video.

Outside of these soft skills, our users emphasized that proficiency with Word, Excel, and Powerpoint is critical as you will spend almost all of your time working with these programs.

You can learn more about excel and modeling with the Wall Street Prep Financial Modeling Course.

Read More About Investment Banking on WSO

• Investment Banking Analyst: 15 Things I Wish I Knew
• Best Skills To Learn At Internship
• Technical/Computer Skills For Banking

Preparing for Investment Banking Interviews?

The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.

Investment Banking Interview Course Here