Many people dream of a career in investment banks like Goldman Sachs, UBS, Barclays, Morgan Stanley, or J.P. Morgan. In this article, we are going to find out which best investment banking schools graduates are most welcome in the top investment banks in the world.
Getting started as an investment banker
Today, work in an investment bank is rightfully considered one of the most prestigious. It attracts top-class professionals, any position in this area involves a considerable load, and the salary will satisfy even the most demanding employee.
There are three traditional paths to a career as an investment banker: you can start as an analyst, as a junior banker (with an MBA), or you can join the banking ranks later.
Every year, investment banks hire new analysts, many of whom are students from top colleges. The position of an analyst involves an unprecedented level of workload and responsibility, but at the same time, young professionals have to work eighty hours a week for two years. Almost all analysts are hired straight out of four-year colleges. They select only excellent students who have carefully prepared for the interview and compiled a resume that meets all the requirements.
In addition, investment banks hire junior bankers from top MBA students. Although some analysts go on to become junior bankers, this position is often considered the first step towards a career as an investment banker. Having distinguished himself in the position of a junior banker, an employee can become a vice president, later a managing director, and then rise even higher. Junior bankers are responsible for all of the bank’s marketing materials as well as closing deals.
Nowadays the best investment banking schools are:
- Stanford Graduate School of Business;
- The University of Michigan – Ross School of Business;
- New York University;
- Ivy League Business Schools;
- University of Chicago – Booth School of Business;
- London School of Economics;
- The University of Warwick;
- Massachusetts Institute of Technology – Sloan School of Business.
The top free courses on investment banking
Investment is one of the most interesting types of business, the key focus of which is a deep analysis of companies in various sectors, including their initial business idea, founding, and management team, historical and forecast financial data, long-term business plan, etc.
The top free courses on investment banking include the following alternatives:
- Basic Accounting Training
- Comparable Company Analysis
- Sum of Parts Valuation
- Investment Banking Pitchbooks (Hedging and Derivative Sales)
- Investment Banking Charts
- Relative ValuationEnterprise Value vs Equity Value
- Investment Banking Industry
- Financial Modeling
- Investment Management Specialization
These courses talk about different types of careers in the financial sector – in investment banks, firms, and hedge funds. Students will learn how to successfully pass job interviews, get an idea of what kind of activities they will be engaged in in the office in the first few years, how the working day of a person employed in a particular position will develop, and what skills will need to be acquired to move up the career ladder and achieving success. The courses are equipped with tests, case studies, and real-life examples from the financial sector.
Besides, financial professionals should consider whether they have the personal qualities necessary to succeed in investment banking. In addition to long hours, a banker must be able to manage stress well and work multiple deadlines at once. The banker also needs to speak up and refuse to work if the existing workload is too high.