Corporate investment banker
Having a keen interest in finance with the ability to understand how money is made and invested are the main traits of a corporate investment banker. Corporate investment bankers carry out financial research to develop financial solutions, achieve financial goals and provide strategic advice by identifying and securing financial deals for their clients by implementing both short-term and long-term plans. Clients can be a company, institution or government.
As a corporate investment banker, you must be equipped with strong numerical and analytical skills with the ability to communicate technical information in a simple format to your clients. Like many other financial careers, as a corporate investment banker, you will need to be resilient, have the ability to work well under pressure and cope with stressful situations.
As a financial analyst, you will combine your knowledge, skills and interests to evaluate investment opportunities for your employer and provide guidance and recommendations for the best course of action for your employer’s investment decision. You should be aware of current market trends as well as investment opportunities within your specialist area. Financial analysts’ employers can be non-profit organizations, government, other business or an individual. As a financial analyst, you can also work in banks, pension funds and insurance firms.
Working as a financial advisor means you will provide specialist advice and guidance to your clients with how they manage their money. You can specialize in just one particular area of expertise which can include investments, savings, estate planning, mortgages, taxes or pensions. Financial advisors provide professional recommendations for their clients by researching the marketplace and ensuring that the client has all the information possible to make a fully informed decision to secure a sale.
You can work as an independent advisor where you research and consider all areas of retail investment products or providers that can meet your clients’ needs, or you can work as a restricted advisor where you offer limited advice which focuses on only one, or a very limited number of products or providers. You must, however, always inform your client as to whether you will be providing them advice as an independent or a restricted advisor beforehand.
As a stockbroker, you’re expected to use your exceptional analytical, negotiation and communication skills to advise your clients to make informed decisions on investing in the right stocks and right markets at the best time.
In a fast-moving and challenging environment, you will also carry out market research to maintain your expertise and knowledge of up-to-date financial and tax legislation to ensure that the guidance you give your clients is as accurate as possible. As a stockbroker, communication is key as you deal with and update your clients directly with new investment opportunities.
Actuaries mainly work in investment banking, corporate finance, pension funds and insurance companies. They use financial and statistical theories to assess the likelihood of certain events occurring to then help their employer or client take steps to minimize the possible risks and financial costs involved. It is important that, as an actuary, you’re able to present and explain technical and complex information in a way that non-specialist clients can understand.