Investment Banking Analysts

If you are interested in the high powered world of investment banking, then you should prepare yourself for a career as an analyst. Investment banking analysts are usually undergraduates preparing to get their MBA and move up in the company. They usually work for a period of two to three years before doing this. Before you can even become an analyst, you must complete your Bachelor's degree program and go through an internship prior to your senior year. One reason for this is because many recruiters hire analysts that once interned for them.

You should be someone who enjoys using a computer because many analysts spend hours at these machines. They often work at home and work all nighters when necessary. Their duties include editing pitchbooks, creating comps and building models. More experienced analysts may put together pitchbooks, while some work their way into more exciting duties such as live transaction type meetings. The job duties can vary but one thing is certain, the hours are often long and tiring. Your day may start at 9 am and end after midnight, although some days can be slow.

Analysts must be proficient with Excel spreadsheets and know how to write VBA macros. They must also generate and track regular newsletters, make prospectuses, run errands, get pitch books, answer client phone calls and more. They must be hardworking, dedicated and flexible. After two or three years the average analyst returns to pursue their MBA and may or may not return to the world of investment banking. Former analysts with MBA degrees have the edge over the competition who did not work in this field. Being an analyst is like earning your stripes in the financial world.

To become an analyst you will need to major in the right area. You should also consider applying for an analyst training program which are available from many major schools and companies. Piper Jaffray has an extensive two year program who are preparing for an undergraduate degree. Some programs are substantially shorter than this one. They can be very competitive as there are a limited number of spaces available. Most graduates of these programs are placed in analyst jobs after graduation.They give you an advantage over other students and interns who have not completed a specialized program.







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Investment Banking News:

Citigroup to merge corporate, investment banking-source - Reuters

Reuters

Citigroup to merge corporate, investment banking-source
Reuters - Dec 17, 2008
In 2004, a global banking group was created, although client coverage for corporate and investment banking remained separate. For many of its clients over .
Citigroup to combine investment and corporate banking businesses Banking Business Review
Citigroup to merge investment, corporate banking operations . RTT News
Citi to Merge Two Divisions: Reports TheStreet.com
InvestmentNews - MarketWatch
all 55 news articles
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RIBA CAPITAL: ::: Reshaping Kenya's Banking Industry:::
This follows hot on the heels on NIC's acquisition of a 55% majority stake in Solid Securities at the end of 2007 and the subsequent formation of NIC Capital its Investment banking and Stock broking arm. NIC is on an expansionist ...


EPFOs hunt for new bankers continues. (Express India)
Nine months after the Finance and Investment Committee of the Employees' Provident Fund Organisation called for abolishing the State Bank of India's 56-year monopoly on its banking business, the government is still working out the nitty-gritties of what switching to multiple bankers will entail...


Investment Banking Blues
Last week's issue of The Economist cites some sobering figures about the investment banking sector. Data from the Boston Consulting Group (BCG) and Thomson Reuters indicate that revenues were down by over 75% in the ...


It is said that the Serbian banking sector resisted the crisis only because it is small and, consequently, isolated. . (B92)
Our banking sector is in no sense isolated, considering the fact that 75 per cent of our bank ownership is in the hands of strategic investors from the European Union...


Three Investment Firms Seek to Purchase IndyMac (Fox News)
A trio of private investors -- J.C. Flowers & Co., Dune Capital Management and Paulson & Co. -- have teamed up in an effort to buy failed thrift IndyMac, a person familiar with the deal said Monday...


UBS Further Slims Down Investment-Banking Arm - Wall Street Journal

UBS Further Slims Down Investment-Banking Arm
Wall Street Journal - Dec 22, 2008
UBS will now only run a precious metals and exchange-traded commodities arm, part of a dramatic reduction of investment banking under unit head Jerker .
UBS further trims investment banking business Wealth Bulletin
JPMorgan buys UBS Canadian commodities unit Globe and Mail
UBS sells some commodities businesses to JP Morgan Reuters
WELT ONLINE
all 84 news articles
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» I-Banking Resume #16: Oh Canada | BankersBall. Where Investment .
investment banking resumes, finance resumes. SUBMIT YOUR RESUME! Want to see your resume here? Send your resumes to editor [at] bankersball dot com. **If you are going to request that your resume is taken down from the website after it ...


Saturday 27th 2008f December 2008 03:48:19 PM
DIEM BROWN · BRANDON HOGAN · BUCK BURNETTE · CAITLIN DAVIS · VICKI VAN METER · CHILDREN OF THE CORN · WEST VIRGINIA FOOTBALL · HOSS FLY · THE SECRET GARDEN · NATIONAL LAMPOON S BARELY LEGAL ...


Stockguru.com: Stocks to Watch for December 30, 2008 - NHLD, HSSO . - Trading Markets (press release)

Stockguru.com: Stocks to Watch for December 30, 2008 - NHLD, HSSO .
Trading Markets (press release), CA - 5 hours ago
The three principal lines of business of the broker-dealers are offering full service retail brokerage; providing investment banking, merger, .
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Intl banking cooperation yields fruitful results (Philippine News Agency)
HANOI, Dec. 30 (PNA/VNA) - The banking sector has expanded international cooperation over the past year and reaped many benefits, particularly helping raise Vietnams position in the international financial community, according to the State Bank of Vietnam (SBV)...


Directors of Investment Banking & Financing - jobs from exec .
Directors of Investment Banking & Financing - Various locations - Outstanding Compensation...


Deutsche Hires Ex-Goldman Banker Takushi Abe in Japan - Bloomberg

Deutsche Hires Ex-Goldman Banker Takushi Abe in Japan
Bloomberg - Dec 28, 2008
29 (Bloomberg) -- Deutsche Bank AG hired Takushi Abe, a former managing director at Goldman Sachs Group Inc., as a senior adviser at its investment banking .
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Comment: How to make banks popular again (eFinancial News)
The investment banking business has an image problem. Battered by billions of dollars in write-offs, tens of thousands of job losses, and the humiliation of having to go cap in hand to governments to keep some of them afloat, the reputation of a profession that once seemed among the most glamorous in the world has taken something of a nosedive in 2008...


Storybook year ends in economic nightmare - Calgary Herald

Calgary Herald

Storybook year ends in economic nightmare
Calgary Herald,  Canada - 4 hours ago
Finally, the world witnessed the collapse of the investment banking industry, a key cog in the workings of the financial sector that had withstood the crash .
Wall Street's walking wounded seek clarity AsiaOne
The Weekend That Wall Street Died Wall Street Journal Blogs
Nation & world business news briefs Detroit Free Press
Wall Street Journal - Wall Street Journal Blogs
all 145 news articles
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Azeroth Investment Banking 12/29 | The WoW Economist
Posted on 2008 under Azeroth Investment Banking |. 29 Dec. I hope you guys had a good holiday. If you are at all like me, you had an abbreviated market presence in WoW these week. I was out of town during the weekend and forgot to bring ...


Credit Suisse gets permit for China securities JV (China Daily)
Credit Suisse Group, the second-largest Swiss bank, said it has received a business permit allowing its China investment banking venture with the country's Founder Securities Co to start operation...


Dragonfly finds deals in alternative energy (BizJournals)
Investment-banking boutique Dragonfly Capital is growing its alternative-energy practice...


Midwest Banc Holdings, Inc. Announces Fourth Quarter 2008 Earnings . - Earthtimes (press release)

Midwest Banc Holdings, Inc. Announces Fourth Quarter 2008 Earnings .
Earthtimes (press release), UK - 20 hours ago
. of Midwest Banc Holdings, Inc. are Midwest Bank and Trust Company and Midwest Financial and Investment Services, Inc. Midwest has 29 banking offices. .
Midwest Banc Holdings, Inc. Announces Fourth Quarter 2008 Earnings . International Business Times
all 15 news articles
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Marginal Revolution: The future of investment banking
Ok, I'll tell you the future of investment banking. I've said it before - and I suspect this won't be the last time I say it - the great investment banks will be reborn in about oh, 18-24 months time. ...


'There will be more deals in the mid-market space' - Business Standard

Business Standard

'There will be more deals in the mid-market space'
Business Standard, India - 20 hours ago
Sanjay Sakhuja, managing director of the home-grown investment banking firm, spoke to Abhineet Kumar in an interview on the challenges M&As will face in .
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20 pct securities firms predicted losses in investment banking .
Some 20 percent of security companies in China expected that their investment banking business would suffer losses this year, according to a survey result issued by the Securities Times recently...


Ickman's blog: The Weekend Investment Banking Died
The Weekend Investment Banking Died. The Wall Street Journal has an article recounting the weekend that Lehman failed, Merrill was sold, and Goldman, Sachs and Morgan Stanley became commercial banks. Inside Wall Street stuff. ...


American Apparel Shares Hit New Low as It Names CFO - Wall Street Journal

Reuters

American Apparel Shares Hit New Low as It Names CFO
Wall Street Journal - 17 hours ago
Mr. Kowalewski started his career in investment banking at CIBC World Markets' mergers and acquisitions division. He also worked at Houlihan Lokey Howard .
American Apparel Names Adrian Kowalewski Chief Financial Officer Reuters
all 32 news articles
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