I would really like to become an investment investment banker, but I am wondering what kind of job track I should take, starting next to college. How hard is it to grasp this job? What is the starting earnings? What is the salary after a honourable couple years? How can I get this chore? Also, will I have to live and work within New York City my whole existence or are there other places? Thanks!

Does anyone hold experience next to My...

Answer:
Salary is determined by which department setting you are most interested in...SEE BELOW:

Front Office

* Investment Banking is the traditional aspect of investment bank which involves helping customers raise funds contained by the Capital Markets and advising on mergers and acquisition. Investment bankers prepare idea pitches that they bring to meeting with their clients, near the expectation that their effort will be rewarded near a mandate when the client is ready to embark upon a transaction. Once mandated, an investment sandbank is responsible for preparing all materials required for the transaction as well as the execution of the buy and sell, which may involve subscribing investors to a security issuance, coordinating near bidders, or negotiating near a merger target. Other terms for the Investment Banking Division include Mergers & Acquisitions (M&A) and Corporate Finance (often pronounced "corpfin").

* Financial Markets is split into four knob divisions: Sales, Trading, Research and Structuring.
o Sales and Trading is often the most profitable nouns of an investment bank[citation needed], responsible for the majority of revenue of most investment banks[citation needed]. In the process of market making, traders will buy and flog financial products with the aspiration of making an incremental amount of money on each trade. Sales is the possession for the investment banks sale force, whose primary job is to bid on institutional and high-net-worth investors to suggest trading ideas (on caveat emptor basis) and whip orders. Sales desks afterwards communicate their clients' orders to the appropriate trading desks, who can price and execute trades, or structure unsullied products that fit a specific need.
o Research is the division which reviews companies and writes reports more or less their prospects, often near "buy" or "sell" ratings. While the research division generates no revenue, its resources are used to assist traders surrounded by trading, the sales force contained by suggesting ideas to customers, and investment bankers by covering their clients. In recent years the relationship between investment bank and research has become importantly regulated, reducing its importance to the investment ridge.
o Structuring has be a relatively old division as derivatives own come into play, with significantly technical and numerate team working on creating complex structured products which typically offer much greater margins and returns than underlying bread securities.

Middle Office

* Risk Management involves analysing the market and credit risk that traders are taking onto the set off sheet in conducting their on a daily basis trades, and setting limits on the amount of funds that they are able to trade surrounded by order to prevent 'bad' trades have a detrimental effect to a desk overall. Another key Middle Office role is to ensure that the above mentioned financial risks are captured accurately (as per agreement of commercial expressions with the counterparty) correctly (as per standardised booking models surrounded by the most appropriate systems) and on time (typically in 30 minutes of trade execution). In recent years the risk of errors has become set as "operational risk" and the assurance Middle Offices provide very soon include measures to address this risk. When this assurance is not in place, marketplace and credit risk analysis can be unreliable and open to intentional manipulation.

Back Office

* Operations involves data-checking trades that have be conducted, ensuring that they are not erroneous, and transacting the required transactions

. Whilst it provides the greatest undertaking security[citation needed] of the divisions within an investment hill, it is a critical part of the dune that involves managing the financial information of the bank and ensure efficient wherewithal markets through the financial reporting function. The staff within these areas are often notably qualified[citation needed] and need to figure out in depth the deal and transactions that occur across adjectives the divisions of the bank. [1].

Technology

* Every leading investment bank have considerable amounts of in-house software, created by the Technology team, who are also responsible for Computer and Telecommunications-based support. Technology have changed considerably in the final few years as more sales and trading desks are using electronic trading platforms. These platforms can serve as auto-executed hedging to complex model driven algorithms.

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