Investment banking and brokerage services have been major drivers of job growth in the financial services industry in recent years. With the expansion of capital markets and increasing investment activities, these sectors have seen continued demand for talented professionals. According to various surveys and job market analyses, investment banks and brokerage firms offer a large number of job opportunities across different roles.
Investment banking jobs see steady growth
The investment banking sector has witnessed steady job growth in the past decade. Top investment banks like Goldman Sachs, JP Morgan, Morgan Stanley and others have been expanding their teams globally. As per industry estimates, investment banks hire thousands of analysts, associates, VPs and MDs every year. Functions like M&A, equity research, sales & trading are key job areas. Besides front office roles, investment banks also hire significant number of staff in middle and back office functions.
Increase in demand for brokerage professionals
Along with investment banks, brokerage firms have also expanded their workforce in recent years. Leading brokerage companies like Charles Schwab, Fidelity, TD Ameritrade and E*TRADE have large workforces running into tens of thousands. Key job profiles in retail brokerage include financial consultants, client associates, trading assistants, investment analysts and client service managers. With the rise of robo-advisory, brokerages also hire those with technology skills.
Favorable trends supporting job growth
Looking ahead, the investment bankers brokers service jobs market is poised for further growth, supported by trends like growing HNW population, digitalization of financial services, expansion into new markets and active M&A environment. While routine tasks may get automated, demand for high skilled professionals with client advisory capabilities will remain strong.
In summary, buoyant capital markets and increasing financial assets have resulted in abundant job availability in investment banking and brokerage services, across front, middle and back office roles.