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ANALYSIS OF A CAREER IN INVESTMENT BANKING

of a JobTo find the perfect job an investment banker may have to travel. It does not necessarily mean that he/she must leave everything and move to New York, although spending some time on Wall Street will help an investment banker gain a better perspective on the business world and help in future career mobility. However, New York is no longer the hottest market for investment bankers. Great Britains growing economy propelled London to be the best place to find a banking job by offering higher wages as well as a higher rate of upward mobility. Other European countries with an enormous desire to hire investment bankers are Germany, Poland, France, and Hungary. The banker job markets in Australia, New Zealand, and South Africa are also showing an increased interest in hiring quality banking professionals. Places such as Russia and Ukraine are to be avoided because despite their booming market for professionals in the banking industry, the economic markets in those countries are too unstable. The Asian market is booming; however, with a thousand applicants per position available, entry in that market is very difficult (Wall Street Journal Online). Even though the business world does revolve around New York, there are a lot of great jobs in the banking industry all over the world. In this global market, knowing a foreign language can provide an investment banker with an additional edge in searching for a job.SalaryInvestment banking is one of the very few professions were there are virtually no limitations on income. It provides excellent wages and a high potential for upward mobility. In addition, investment bankers can apply their professional skills and knowledge to grow their personal investments. This knowledge gives an investment banker the ability to determine where and when to invest to gain the optimal returns. In fact, some of the companies are looking at the performance of investment bankers personal portfolio when ...

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