Investment banker roles and responsibilities

Investment bankers are the professionals you go to when you need financial help and to get investments in your company. They then would advise you on what would be the necessary and proper steps to take that would be ideal for you and your company. Besides working with you there are other responsibilities that they must fulfill on daily basis. Here are some of the main tasks they encounter.
• Retrieving vital information. In order to advise accordingly, investment bankers must gather ample information and research this information meticulously. They must take all the information they find into consideration and offer the best choice to their clients. Investment bankers understand that one small mistake and can lead to drastic consequences. For example, many times an investment banker will work with a company’s accountant to go over the company’s financial records. This is a process known as “due diligence.” The investment banker must make sure that all the numbers match up accordingly and are what the company says they are.
• Create and maintain interpersonal relationships with co-workers. A strong networking system often aids an investment banker. They can work with others and help each other out when it is needed. It’s important to work well with your co-workers as it will build trust and your reputation among your co-workers.
• Interacting with computers. You will spend much of your time working on a computer. This is where you will enter vital data information and also process any information you find. You may also use computers to interact with your clients, co-workers, or superiors if there is important information that needs to be shared. It is vital to keep your computer organized so you can quickly access files if need be.
• Selling other services. A company may come to you for a certain service but as an investment banker you can always try to sell other services that will prove to be beneficial for them. After selling these services however, you must deliver on what you have promised or that can hurt your reputation as a reliable investment banker.
• Establishing new relationships with potential clients. Just because a company comes to you to seek advice, it doesn’t mean that they will purchase the services provided. You will work to build trust and to basically sell yourself and your company. You must display that you will be the best choice for the company. Once you have established a relationship with a company and have been successful with providing your services, you may see that the company has a lasting relationship with not only your employer but also with you.
• Communicating with other organizations. In order to find the best investments for the company you are representing, you will need to speak and interact with other organizations, and convince them to invest in the company you a representing. You will usually do this via telephone, e-mail, or may even have the chance to have an exchange in person if the occasion calls for it.
Sources:
1. http://www.onetonline.org/link/summary/41-3031.01
2. http://www.npr.org/blogs/money/2012/10/08/162518147/ask-a-banker-what-do-investment-bankers-actually-do

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