The average investment banker base salary is more than US$100,000 per year. This does not include extras such as bonuses, benefits, profit sharing, and commissions. Therefore, it is not surprising that many people consider investment banking to be a great career choice.
While considerable numbers of investment bankers focus on building a forty-year career, others see the potential to retire early on a comfortable pension.
But, the industry is also well-known for being extremely competitive. Employees need to consistently operate at a high level to ensure they provide the best advice and help their clients raise large amounts of money. Although this can be time-consuming and daunting, it can also be exciting and incredibly satisfying.
Read on to learn more about the benefits of becoming an investment banker.
Great Financial Benefits
While the base salary of an investment banker is impressive, you can increase your earnings by hitting job performance targets. For example, if you advise a client who performs a high-value transaction, your commission payment could be substantial.
You may find your own firm also rewards you with a bonus for a job well done. Over the course of a year, these incentives can make a huge difference to your remuneration.
Excellent Business Education
An investment banker works with all kinds of investors, companies, and even governments. You can learn fantastic business lessons simply by being in the same room as these industry leaders and listening to their conversations.
As you continue to work with these experts, you’ll soon develop your knowledge to the point where you are comfortable expressing your opinion at this professional level.
Unlimited Career Options
When you advise companies on how to make the right investments, they will reward your firm with large payments. This increases your value to your company and provides the opportunity for you to progress higher up the ladder. But, you may also attract the attention of competitors who value your skillset.
This can mean you have your pick of options when considering which career path to follow. Perhaps you will be happy at a certain level, or you may decide to progress further and run a company.
Learn from Talented Colleagues
Because investment banking tends to attract competitive professionals, there are often many talented people in the room, which can be a source of conflict. But, you can take a strategic approach and learn from others. A colleague may be stronger in one area than you, so it makes sense to tap into their knowledge.
This is a great way to become a more rounded investment banker.
Decide If an Investment Banking Career Is Right for You
Many people consider getting involved in investment banking as there can be a significant financial upside. But there is much more to the job than making money. You can develop your skillset, make lifelong business connections, and move up the ladder to reach the pinnacle of your career. It’s hard work, but the rewards can be worth it.
Before you apply to become an investment banker, be sure to check out more informative posts in our Jobs section before you go.