To understand the associate investment banking division responsibilities, you first need to know what investment banking is. Investment banking division is the branch of a bank that helps individual and corporate clients to raise capital. This institute is also involved in the trading of various financial instruments, foreign exchange, and other sources that allow the clients to invest money or sell their financial assets.
Coming back to where we started, we can thus relate the responsibilities of an investment banking division associate with the above stated operations and many other activities performed in an investment bank. He may either suggest clients to purchase or sell various financial products depending on the current market scenario. Alternately, he may also perform risk management for the clients.
While trading financial instruments is the core function of an investment bank, there are many other operations carried out by this type of institution in which the associate investment banking division performs certain activities. Global transaction banking, merchant banking, investment banking, etc., are some more activities in which an associate investment banking division is involved.
The associate in investment banking division is no doubt a very important employee for an investment bank. There are many associate investment banking division responsibilities that have been explained in detail to help you learn more about this profession and about the operations of a modern day investment bank.
Corporate Finance Activities
An associate in the investment banking division advices the corporate clients for mergers and acquisitions and help them in the pursuit of raising funds. Within this function of the investment banking division, the associate also helps in bringing business for the bank by maintaining relationships with various industries.
Trading Financial Instruments
An associate in the investment banking division recommends buying and selling of financial instruments to the high-net-worth individuals and corporate clients. He then gets in touch with the appropriate agencies to place orders as per the clients requirements.
Performing research is another primary responsibility of an associate in the investment banking division. This helps the sales staff to suggest investment options to individual and corporate clients.
An associate in the investment banking division helps clients by managing their investments including the financial instruments, capital, and all other assets that can be used to generate profit.
The associate in the investment banking division helps clients to analyze the risk factors involved in their business. This helps in reducing or eliminating risks that might affect the usual course of business.
There are various other responsibilities assigned to an associate in the investment banking division. Basically, it is the duty of an associate to serve the organization and clients by using not just his expertise but also applying rational thoughts before suggesting any product or scheme to the clients.
Skills of an Associate Investment Banking Division
An associate in the investment banking division must possess excellent quantitative and analytical skills along with an attention to detail. Customer service and negotiation skills are also necessary as it helps the associate to acquire new clients and provide them the necessary advice and solutions. Familiarity with the latest advancements in the capital market is mandatory, too.
Becoming an Associate Investment Banking Division
A bachelor's or master's degree in finance, accounts, taxation or a related course is required if you wish to join this profession. Previous experience of working in a similar industry is also necessary.
Career Scope for an Associate Investment Banking Division
Salary for this position can range from $90,000 to $1, 80,000 that may or may not include allowances, bonuses, insurance or other benefits.
By now, you must have realized what it takes to execute the associate investment banking division responsibilities and the salary this job pays to deserving candidates.