Market Trends of the Banking Sector
investment banking job
Investment banking is a huge sector including variety of activities like: managing assets, underwriting, providing financial advisory services, selling and trading securities. The most common functions of investment banks are corporate finance, where banks help client companies raise capital through debt, equity or other types of offerings, and M&A services. These banks serve diverse group of companies, non-profit institutions, governments and individuals in raising funds. For those interested in an investment banking job, moving to NY would be a wise decision as it is the international hub of investment banking. Categories of Investment Banking Firms are: bulge bracket banks, major bracket firms and foreign banks, regional firms and investment banking in commercial banks and boutique banks.
Industry Analysis for Investment Banking Jobs
A recent survey shows that 8% of the post graduate students opt for investment management/banking job as their career. Majority of respondents entering the investment banking/management industry were switching from other industries. One third of them who switch to investment banking worked in other finance/accounting industries. Many of them planned to enter this sector at a mid-level position after graduation. And about third of the people who previously worked in the industry planned to hold a senior-level position after graduation. Another trend seen is, while selecting a company, candidates considered positive organizational climate, room for growth and a fit with the company culture to be important criterions. When selecting a job, advancement opportunities, challenging and interesting work, an opportunity to learn new things, and scope for professional development were considered important factors. Candidates entering the investment banking industry expected a 64% increase in salary compared with pre-degree earnings.
Hedge Funds Job
According to an employment report of last year, the number of hedge fund jobs increased substantially, month over month, in September. NY, Connecticut, Massachusetts, and California are considered best states for finding a hedge funds job. Colorado and Minnesota rank 7th and 11th, respectively for hedge fund employment. Analysts and accountants are the most in demand hedge fund positions. Boston and San Francisco are considered best to get a job in hedge funds. Around one third of new positions are for analyst or associate. Around 6% of hedge funds jobs are for internships. Other common positions sought by hedge funds include tax, legal/compliance, sales/marketing and administration.
Industry Analysis for Investment Banking Jobs
A recent survey shows that 8% of the post graduate students opt for investment management/banking job as their career. Majority of respondents entering the investment banking/management industry were switching from other industries. One third of them who switch to investment banking worked in other finance/accounting industries. Many of them planned to enter this sector at a mid-level position after graduation. And about third of the people who previously worked in the industry planned to hold a senior-level position after graduation. Another trend seen is, while selecting a company, candidates considered positive organizational climate, room for growth and a fit with the company culture to be important criterions. When selecting a job, advancement opportunities, challenging and interesting work, an opportunity to learn new things, and scope for professional development were considered important factors. Candidates entering the investment banking industry expected a 64% increase in salary compared with pre-degree earnings.
Hedge Funds Job
According to an employment report of last year, the number of hedge fund jobs increased substantially, month over month, in September. NY, Connecticut, Massachusetts, and California are considered best states for finding a hedge funds job. Colorado and Minnesota rank 7th and 11th, respectively for hedge fund employment. Analysts and accountants are the most in demand hedge fund positions. Boston and San Francisco are considered best to get a job in hedge funds. Around one third of new positions are for analyst or associate. Around 6% of hedge funds jobs are for internships. Other common positions sought by hedge funds include tax, legal/compliance, sales/marketing and administration.
