Investment banking is one of the most competitive and lucrative career paths for finance professionals. Full time jobs in investment banking provide opportunities to work on complex deals, interact with top executives, and earn high compensation. This article will provide an overview of the most coveted investment banking jobs, key skills required, compensation, and tips for breaking in.
Most competitive investment banking front office jobs
The front office of investment banks is where the action happens and many graduates aspire to land these jobs. The most sought after front office roles are in mergers & acquisitions (M&A), equity capital markets (ECM), debt capital markets (DCM), leveraged finance, and sales & trading. Candidates need strong financial modeling, valuation, accounting, presentation and interpersonal skills. First year analysts at top banks can earn $100k+ in total compensation.
Investment banking full time associate roles
After 2-3 years as an analyst, high performers move up to the associate level. Associates play a key role in managing deal execution and client relationships. They lead teams of analysts and coordinate with senior bankers. Associate base salaries range from $150k to $250k, with total compensation reaching over $300k at top firms.
Vice president and director level investment banking jobs
With 8+ years of experience, standout bankers can get promoted to vice president, leading deal teams and managing client relationships independently. At the director level, bankers focus more on business development and advising clients on M&A, IPOs and other transactions. Salaries exceed $500k for VPs and $1 million+ for directors at elite banks.
Breaking into investment banking
The best way to get full time investment banking jobs is through internship programs. Leading banks recruit on campus at target schools. Focus on networking, financial modeling courses, investment banking prep books, and acing interviews. Full time hires also come from MBA programs, experienced hires, and lateral transfers from other finance roles like Big 4 advisory.
Investment banking offers some of the most lucrative and prestigious finance careers. Full time front office jobs provide opportunities to manage complex deals, interact with corporate leaders, and earn handsome compensation. Standing out takes financial modeling skills, strong credentials, networking, and performing in interviews.