Investment Banking Analyst Career Essay

1903 words - 8 pages

The job of an investment analyst in a banking firm such as Goldman Sach and JPMorgan is to oversee whether or not an investment made by customers will bear fruits, but in order to do so, one must be skillful either in accounting or finance. A clear understanding in one of those majors is necessary because an investment banking analyst will be dealing with a bunch of financial research in stock and bond market and also in companies. Thus, providing information for the customers to help their decision on investments. Even though it is a tough job that requires professionalism and a lot of diverse skills, it is a job that is worth it since it has high payments and it provide a lot of benefits. In other words, investment banking analyst is highly challenging, yet with the correct attitude, education, and dedication, it is not impossible to be successful in it.
“Some days you’ll be so busy that you have to discreetly use a bottle under your desk if you need to go to the bathroom” (DeChesare). According Brian DeChesare, the founder of Breaking Into Wall Street, you must wake up at 7.30 am and work hard until 4 am on busy days. Your activity early in the morning is to check and revise status report from 7.30 am to 9 am, followed by working on a bunch of PowerPoint presentations on market overviews, deal pitches, or management presentations from 9 am to 12 pm. After finishing each of the power point slides, you will be working with an Associate in your team to check and revise for any errors in the slides. Finishing these presentations is not easy since changes that happens in the market also have to be updated on to the report, and sometimes supervisors may say that we need more analysis, or we have been focusing on the wrong point, so we have to change the content all over again. Finished with the presentation at 12 pm, your next job is to wait for the printing department to finish printing the slides for your customers which usually took an hour. As we have to update our slides with the latest stock prices, there might be few errors at times. In DeChesare`s case, he forgot to update one slide on the latest stock prices, so they have to revise and re-print the whole slides which took them until 4 am. In conclusion, job as an investment banking analyst is not as easy as people think it would be. Some people think of it as a job where people play solitaire on their computer all day, but it is definitely not. “On your bad trips you scratch your eyes out and jump off buildings” (DeChesare). Even though being an investment banking analyst is challenging, this job has a positive effect on the society as well as to ourselves.
This job strike a positive impact to the society by helping citizens, investors, as well as government agencies in making good investments. Clients can vary from wealthy investors to government agencies that are looking to issue stocks and bonds (Investopedia.com). Investment banking analysts tends to benefit the society...

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