Exploring the range of entry level investment banking jobs

Even in the midst of the most serious world economic crisis since the 1930s the world of investment banking remains an attractive career option. Although salaries have fallen over the past year and bonuses have become rarer, the prospects for entry level investment banking jobs remain significantly brighter than in other economic sectors.

For some aspiring entrants to this field the chance of working in a dynamic high-pressured environment fits in with their lifestyle aspirations, but it is safe to assume that in the majority of cases the high entry level salaries are a prime factor behind this job choice.

Investment banks are interested in recruiting people with advanced mathematical and analytical skills. From a personality perspective they are looking for excellent communicators who can remain cool when tempers become heated. 

Applicants for entry level investment banking jobs who meet these requirements are well rewarded financially. A couple of years ago American investment banks were offering new employers with masters degrees starting salaries as high as $150,000 (this figure includes bonuses).  Even taking into account recent salary reductions, the compensation packages in investment banks remain superior to those in other commercial sectors where salaries have also been cut.

However, it is important to also taken into consideration that entry level investment bankers are expected to work longer hours than those common in other professions. The process of learning the profession is highly intensive and those who are intimidated by the thoughts of working a hundred hours per week would be well advised to choose another profession.

The entry level investment banking jobs available vary according to the candidate’s qualifications and abilities. Graduates with a bachelor’s degree in investment banking, finance, accounting or a related subject, can find positions as an investment bank assistant or as junior investment analyst.

Possessors of a relevant master’s degree can start on a higher rung of the banking hierarchy in a banking associate position. At the start of their banking career new entrants cannot expect to receive client accounts to manage but they are expected to prove their worth by shadowing experienced investment managers and gaining a practical education in investment analysis and communications with clients and colleagues.

For example, a newly appointed investment analyst is expected to demonstrate skills researching information on the state of the economy as a whole and particular manufacturing or financial sectors in particular. They also spend a great deal of time on maintaining spreadsheets and writing reports.