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What are the conditions for becoming an investment banker?
Understand the life of investment banks.

In the perceptual impression, the investment bank goes to work in a suit and tie, drives a car, takes a first-class plane, and is a typical successful star-rated hotel. Although we don't know what they are doing, we can vaguely know that they are busy from our trip to new york today and tomorrow. In fact, internationally renowned investment banks have always been the dream of Wall Street elites. Because the transactions of investment banks are little known, investment banks continue to create wealth myths, and the unique taste of investment bankers makes investment banks a mysterious and attractive industry.

Busy life

If you want to enter an investment bank, you must be prepared for overload, high-intensity work and long-distance business trip. Not only that, investment bank elites must constantly update their knowledge and obtain information, so that they will always be in the most professional and sensitive state.

So once you enter this industry, you must be highly self-disciplined about your lifestyle. Professional bankers should be prepared for long-term struggle, adjust their own pace of life, strive to gain learning experience and maintain lasting professional quality.

Investment banks help enterprises and governments issue securities, help investors buy securities, manage financial assets, conduct securities transactions and provide financial advice. Therefore, employees of investment banks need to be very familiar with the interpretation of major economic indicators and statistical data of European and American countries (especially the American market) and their application in the research of specific industries of investment banks.

Decent income

Investment banks are not only famous for their high-intensity work, but also their generous salaries make them "golden collars", surpassing other industries. According to an informal survey by Australian Financial Review, MBA graduates who work in investment banks in new york can earn $200,000 to $26 and $50,000 in the first year. After four years, this figure is as high as 600,000 yuan. If it lasts for seven years, it can reach 6.5438+0 million yuan. Uh, several years. In Goldman Sachs and Morgan Stanley, this figure can be slightly higher, one year 165438+ ten thousand yuan. The dream of becoming a millionaire in seven years is so tempting that it covers all the "suggestions". Any young banker, no matter which investment bank, can tell the students who have just left school that they are eager to get the same story: if they choose an investment bank, it means giving up their normal life for many years. How did they work for 7 days in a row and only sleep for 2 hours? This is a continuous process, how to be scolded by the boss for a little spelling mistake, how to bear the burden of humiliation, self-respect and self-love, and rewrite the simple documents of high school level again and again. But these advice stories have never caused a sensation. For years, Wall Street has been shouting "MyLeLeSkkes", leaving resignation letters and leaving investment banks, but soon someone will join.

In addition, it is interesting that when applying for investment banking, everyone knows that you should love money very much, but the word "money" is a taboo in the interview. Many students who get jobs in investment banks say that when asked why they want to be bankers, job seekers should talk about the challenges of their jobs, the core of transactions and the fun of creating wealth with their excellent abilities. But, absolutely, you can never talk about money.

Their commonness, their circle of friends

The global financial market is a dynamically changing region, and investment banking is a high-level, high-risk and high-return field. In this field, the common characteristics of industry leaders are energetic, enthusiastic, knowledgeable, highly self-disciplined and self-disciplined.

They have a strong psychological endurance, they will feel depressed when they are overtired, and they will feel happy when things are going well. The key to the success of investment banks is teamwork. Being able to unite everyone and serve customers is a huge challenge, and the return may be high.

In the investment banking circle, "blood" with aristocratic background is very important. No matter Goldman Sachs, Germany, Bo or Morgan Stanley, there are some Asian employees, but their academic qualifications are basically MBA from famous universities such as Oxford, Cambridge and Yale. Even analysts or assistants are the best graduates among the limited number of cattle in Tsinghua University. Therefore, without the "bloodline" of these nobles, they have enough work experience and excellent work achievements in China Gold (China International Finance Corporation) and large domestic banks.

Tarun's request

If you want to enter the domestic investment bank, it should be:

1, it is best for graduate students of famous schools to be Peking University, Tsinghua, Fudan and Shanghai Jiaotong University, and returnees are also the best schools.

2. Related majors: finance, law, finance, accounting, etc.

3. It is best to have one (or some) of the following qualifications: certified public accountant, judicial examination, CFA is better.

4, it is best to be a boy. This is not sexism, but reality, because they have to travel for a long time to work overtime.

The above conditions are adjusted according to the scale and industry status of domestic securities companies, which requires high requirements for large investment banks and low requirements for small and medium-sized brokers.

If you want to enter a foreign bank, there are no clear academic qualifications and professional restrictions. English must be perfect. You can only prove that you are absolutely excellent.