Investment banker job description responsibilities

An investment banker is someone who will act as the middleman for companies to help them find people who are looking to invest money. They advise companies as to which is the best route to go and also will make sure that they take the time to perform their “due diligence” to see that the company’s finances do indeed match to what they say. They then complete a prospectus which will explain what the benefits and risks are for those interested in buying the stock or bond.
In order to be a successful investment banker, there are certain skills and traits you will need to have. Below are some of the main skills that an investment banker should possess in order to be successful in this career.
• Detail oriented. When performing “due diligence” it’s extremely important that investment bankers go over every detail more than once. Sometimes people can miss things which can leave room for error and an inaccurate report. Companies depend on investment bankers to be meticulous and work to see that nothing is overlooked. When it comes to dealing with someone else’s finances, it’s better to be over cautious than careless.
• Honor confidentiality. Investment bankers will come across extremely important information about companies. They must honor the code and never use the information they are given for their own benefit or give it to another party. This especially is true when it comes to trading. There are very strict policies for this and if you disobey the rules of conduct, it could mean immediate termination and also a tainted reputation.
• Customer service. Being good with numbers is only one half of the equation. You will also need to be personable and professional with all your clients. You must establish a trust between you and client so they feel comfortable working with you. You must also be genuine with your advice and not seem false or disingenuous. You will work with people on a daily basis, so while numbers may be our passion, you should also enjoy working with people as well.
• Strong communication skills. Even major companies may not understand exactly what is going on so it will be up to you to be able to convey all concepts clearly to them so that they understand everything that is going on. You might have to explain certain situations and concepts multiple times, but patience is a valuable asset to have in this profession. Besides explaining your findings to clients you will also need to report them to your employer as well.
• Good decision making skills. You will need to be honest with your clients and tell them whether or not certain investments are a good or bad idea. You cannot go based on what you think they want to hear, there is a lot of money on the line and that should always be taken into consideration. Be honest, and tell them what you would do if you were in their situation. Again this can build you reputation which can ultimately bring you more business.
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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