₦airaland Forum

JARUSHUB:
Insightful thread Haylegbede1,

These articles might add more to the discourse.

http://www.jarushub.com/what-is-investment-banking-about/

http://www.jarushub.com/top-10-mbas-to-land-investment-banking-jobs/

http://www.jarushub.com/advice-on-investment-banking-career-for-a-22-graduate/

http://www.jarushub.com/7-questions-and-answers-with-an-investment-banking-aspirant/

http://www.jarushub.com/how-can-a-2-2-graduate-get-an-investment-banking-job/

Thank you very much jarushub, i appreciate this contribution.

Im actually your lowkey fan

The Vice Prsident

The first senior banker position that you could hope for is that of a vice president. The tasks of the VP include monitoring the work of junior bankers, i.e. analysts and associates, and making sure that they deliver what the top management wants. Once you rise to a senior position, you get much more interaction with clients and focus on building relationships and winning new business.

It takes averagely 4 years as an associate before being promoted to vice president.

You will probably spend between three and four years at the position before moving up, although you might advance more quickly depending on your performance.

Is dere anyone that wrote on 11th of january nd got a success mail?

Can this possibly be because of the screenshots sent to this thread before thats date?


@omobs, jesusgirl92, akatovic1

naa9:
wrote on the 11th, no invite... I wonder if first batches are usually for experiment, to test the toughness of tests.

Lol

I dey dis same lane sef, since d test were still holding till the end of january i just knew somethinq was up.

Or probably he wasnt supposed to die in the first place

toye440:
"Come Thou Fount Of Every Blessing"

Come, Thou Fount of every blessing
Tune my heart to sing Thy grace
Streams of mercy, never ceasing
Call for songs of loudest praise
Teach me some melodious sonnet
Sung by flaming tongues above
Praise the mount, I'm fixed upon it
Mount of Thy unchanging love

Yu get mouth.

I just say make i search say person must type this hymn

The Associate.

Up next on the ladder is the Associate. At this stage you get more client exposure as you may have to hold meetings, put a lot of calls through to them. You will also be more of a supervisor to the analyst as you would be charged with the responsibility of checking the analyst’s work and making sure he doesn’t screw up. You spend most of your time managing the analysts and making sure the VP’s orders get executed. You are more like the middle man between the Top Management and Analyst.

The Associate position is also an entry position in an IB. You can come into an IB as an associate with MBA. As initially stated, a 3rd or 4th year analyst gets promoted to become an associate.

It takes 3 to 4 years of working as an associate before being promoted to VP. It may also take longer in cases where there is no need for a new VP and at such points an associate might have to consider moving into another IB.

The Analyst.

This is the junior position of IB. This is the level you will come into as a fresh graduate. Since its the junior position then definitely you should expect a lot of task to be handed to you.

For entry into this position, i will say it is preferable to have studied a finance or management based course (such as Accounting, Economics, Finance, Business Administration) to have a greater advantage. It is also possible to land yourself this role in an investment Bank despite not studying any of the above courses.

The job description of an analyst may vary among companies but there are major/primary roles which are common to all, they include;

1. Presentations
2. Analysis
3. Administrative

You do most of the Excel and PowerPoint work, take notes, send emails and call people, and even take care of random tasks(i guess) like fixing printers.


On the average, you will have to work about 3 to 3.5 years as an analyst before you get promoted to the next level which is the Associate.

HIERARCHY OF THE INVESTMENT BANKING PROFESSION


I will like to talk about the hierarchy of the investment banking profession but before i continue I state explicitly that everything i post here is a result of personal research and i do not have any IB experience yet.

The purpose of this is to educate myself and other interested individuals on this career path.

Back to the topic, what i noticed is that the hierarchy of IB career path is quite similar across companies with just a little difference. The hierarchy is as follows:

1. Analyst (Entry level)
2. Associate
3. Vice President
4. Senior VP/ Director/ in some companies its called Principal
5. Managing Director(Top of the game)

Please note that this hierarchy varies among companies.

Subsequently, i will be talking further on the major roles and job descriptions of each of the above.

Stay tuned..

Today, i beleive the most significant step i have taken or decision i have made towards realise my dream is the decision to write ICAN.

Strategic Financial Management is by far the best subject i have learnt l. It has exposed me to different concepts in Finance, i cant really emphasise this, topics i learnt about concern raising of capital, capital structure, coporate reconstruction, dividend policy, portfolio theories among many others.

My advice to everyone willing to get on this career path is to endeavor to carry out lots and lots of personal research on the career path and also enrol for professional examinations relating to that area.

For a career in finance the relevant professional examinations includes the following:

1. CFA(chartered financial analyst). The most recognised in the world.
2.ACCA(Association of Chartered Certified Accountants). Though an Accounting qualification, having this qualification will give you a deep insight into corporate finance ,mangement, taxation and financial management
3. ICAN(Institute of Chartered Accountants of Nigeria)
4.CIS (Chartered Institute of Stockbrokers)

There are other professional qualifications out there which are also very good.

A story about how i began to have interest in the Field of finance.


Fresh out of Secondary School, i wanted to study economics and i remember my father telling me economics being an academic course was not as marketable as accounting and i should rather study accounting. I had no idea of accounting but i told him i was going to write the ATS/ICAN professional exams during the long session breaks.

In my first year, courses like BFN(banking and finance) and ACC(Accounting) allowed me learn more about finance and i started developing interest in it, like naturally, as if that was what i was made for. When i started ATS, I got more exposed, and i met alot of people and I also recognised the benefits of writing professional examinations.

I remember bring excited (I still am) any time i was taught anything concerning share issue,investment portfolios, underwriting among various other topics. I pushed further to learn more, I read alot of online stuffs on the net and just like that I made a conviction to pursue a career as an investment banker.

Investment banking career overview

The investment banking division (IBD) of an investment bank helps governments, corporations, and institutions raise capital and complete mergers and acquisitions (M&A). An investment banking career is extremely demanding with analysts frequently working 100 hour weeks. The competition for positions is intense, compensation is very high, and the work is very high profile. The tradeoff, however, is long hours, a military-like culture and a lot of grunt work.

The IBD of the bank is further divided into industry groups, such as the TMT investment banking group.



Personality in investment banking

The personality of someone suited to work as an analyst or associate in the IBD of an investment bank has the following character traits:

Highly ambitious
Competitive
Detail oriented
Quantitative ....

continue reading.
https://corporatefinanceinstitute.com/resources/careers/map/banks/investment-banking-career-profile/

Hey Nairalanders,

I created this thread so that those who are interested in pursuing a career in investment banking can come together and share ideas and advice which may be helpful in starting and maintaing a succesful career in this field.

Professionals already in this field are also welcomed to this platform.

I am a recent graduate of economics with a great interest in investment banking so i will come around here to drop tips i find relevant.

Thank You all.

wait, what is going on in this place?

any MBA prospective student in the house?

what is going on in chelsea fc?

what is giroud going to add to us and how is he different from headmaster.

oh lawd, february aint gon be good!

TheNigerianMan:
www.menscabal.com is live bro

lemme chk it out

ernie4life:
Check your mail

Thank you

ernie4life:
OK but am yet to get the pm

I probably ddnt send the pm rightly, I jus tried again

But just in case you didn't get it my mail is aelegbede1@gmail.com

I really need your advice

ernie4life:
Investment one financial services offers flexible personal saving plans that can help you to achieve you financial goals.

Investment one financial services limited (formerly known as GTB asset management) offers two personal savings plan.

Guaranteed investment scheme (GIS)
Features 
Minimum monthly contribution of 5k
5% guaranteed interest
One year tenure
Preliquidation charge of 25% on accrued interest 
Your capital is guaranteed at all times 
It has the option of direct debit for customers who already have an account with GT Bank (since the are our parent bank)
 No managerial fees
You can always get your statement of account anytime 


Medwealth 
Features 
Minimum monthly contribution of 20k
10% guaranteed interest 
One year tenure
Preliquidation charge of 25% on accrued interest 
Your capital is guaranteed at all times 
It has the option of direct debit for customers who already have an account with GT Bank (since they are our parent bank)
No managerial fees
You can always get your statement of account anytime 

Log on to www.investment-one.com for more info or you can contact me if your interested 

Note there is the option of roll over if you want to keep contributing for more than a year

i know this is a topic from a long time ago but i wish to discuss somethings with you, i just sent yu a PM

Missbm:
Depends...Invite for what exactly? The online aptitude test or the physical aptitude test (second stage)?

have they invited anyone for physical aptitude test?

whycee001:
I belong to comment readers association of nigeria (CRAON)our duty is to read,hit like,smile and pass. we no dey find trouble oo, we also try to be very brief so we can move to other comments.. Please membership to this association is opened to all...
just hit LIKE..

I like this comment




























But I will not hit like bro

I'm getting married in 8 years time, I have already named my two sons and daughter

Johnholt2217:
At all. But u can always check their site for any openings

Ok,thanks

Johnholt2217:
Make it interesting na

You have any idea when the next test will hold?

biafraisdead:
no finger penetration o!

Hmm, in that case guard your girl and I hope yu trust her too when yu guys get married give her the best feeling of her life!

Have a blessed relationship

biafraisdead:
she said dick penetration would come after marriage.

What am sayin is that as long as there is finger penetration and a whole lotta naked romantic horse play you both aint no longer virgins and as such yu don't need to wait till marriage to have sex but since you guys have it that way already and you like it (I presume) then its a good one.

Emerikoss:
I just dey imagine hw someone will be watching someone and he'll come and bite his lip

The matter tire me my guy

I can't even allow a guy move more than 10inches closer to me uunless its a hug of course from a very close person like my father or 1 or 2 of my friends

This one just keep face down for person to use lip touch ein own WTF was he thinking

He shuddav pushed him or something

Pat081:
Will dis stop d gal to go n f*******k dat other guy now ?? Some guys dnt think b4 dey do something

That's why you should date a lady or woman ... Not a girl

Pepsi101:
You're fighting for a mere girlfriend, not even a wife.


Bros, you're a big disgrace to your family.



Woman wrapper

You are to defend your girl anywhere

Don't be a coward


*on the account that the girl is worth it tho, but why would you date her if she aint*

Geosystem:
man am in your shoes. ''Buy the cow and have the milk" legally, morally, and in a societally accepted way. Thats exactly what am doing now since she said No. its well.

Nice advice