Finance Careers: Investment Banking Associate
MBAs talks about financing jobs as associates and the current condition in the market about how recession has closed all doors for even MBAs who thought it would pay-off great after getting an MBA from a reputed school. However, due to financial crisis since the 2008, landing with a job even in the financial sector has got harder. Although there has been a downturn, some places are still offering jobs to finance graduates who want to be successful at the corporate level. Since most MBAs end up with typical entry-level associate position, they continue to gain more experience as time goes by. Later on, they can take on positions like finance and banking sectors that leads to greater experience with businesses and clients.
How Do B-Schools Help you Securing Finance Job
Although most financial sectors are in the lookout for bright individuals or associates from various b-schools, they also look at things like social skills, having the required pre-MBA experience and other strong financial analysis experience. Bankers look for people with previous banking and financial experience. Having done and internship earlier or a project of some kind involving financial analysis would really help landing the job. Firms also tend to prefer individuals with the Big 4 accounting experience or commercial banking experience. Working as an analyst or getting a job for the similar demands higher level of analytical skills and working more closely with oneís clients. If you already have the experience of interviewing for an analyst position, it should be hard appearing for another one.
Corporate Finance Story
Analysts in hardcore corporate finance or working with New York firms, somewhere around the Wall Street area, tend to work harder with more than 80 to 100 hours a week. Most of the times an analyst position tends to be a very tedious job that starts from 8 am in the morning and goes on to almost 2am the following day. Although workload for associates is tremendous in this sector, the paychecks tend to be fatter too apart from being analysts able to gain a lot of experience in this field.
Job of an Associate
On their first year associates usually perform a job as an analyst including number crunching or handling financial templates, redesigning or building models. Most work for analysts involve working with associate clients, drafting personal information memoranda for M&A transactions, including speaking with the CEOs and CFOs.
Advantages of Being an Associate
At this level, the associate can achieve a lot through valuable experience gain. More than 3 years at one place with eventually lead to a promotion to a vice president or even better if the performance has been great over the period. If you like travelling, that might be included into your work responsibility too. A job such as investment banking is more than just prestige. It is more of a success, and whether one likes the job or not. If it yields good career returns, one should just continue to their job as an associate.
Malaysia Associate Directory
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