Associates in investment banking are usually recent MBA graduates. They may also be internal staff, who were promoted after three or more years working experience as financial analysts. They perform extensive investment valuation analyses. They must be consumer-focused. They must have direct investment banking experience.
Some employers require that associates maintain series 6 and/or 7 certifications, issued by the Financial Industry Regulatory Authority. They must be knowledgeable about Security Exchange Commission rules and regulations that are relevant to investments and security trading. They may also be required to keep their mortgage and insurance licenses current, as required by their states. They must be ethical and honest. They must maintain integrity and avoid conflicts of interest. They must have strong management, analytical, and technical skills. They must have excellent leadership and customer service skills. They must act as experts in industry-specific and/or investment banking products. They must initiate new client relationships and build current business relationships. They must be problem-solvers.
Most employers require that candidates have a bachelor’s degree in marketing, business, finance, or related fields, but they prefer candidates with an MBA. They must keep themselves up to date with new investment banking products and services by reading relevant professional journals and business publications. They may have to attend various conferences relevant to their job.
Associate - Investment Banking Tasks
Analyze investment strategies, identify potential investments, and conduct risk assessments.
Attend meetings with clients and prepare presentations providing an overview of clients’ investment portfolios.
Manage client portfolios, evaluating profitability and conducting financial transactions.