There are a variety of specialized career options and functional strategies in which one's career can reach high heights or can even touch the sky especially in the field of banking and finance and investment banking. These involve private wealth managers to risk managers. The most pivotal and largest and extensive fields are trade, sales, commerce, accounts, purchase functions, and corporate finance and investment banks.
The department of the corporate finance works together collectively in order to build more and more money for a bigger number of corporate companies, farms, associates and several other such vital organizations that gain profit and produce money for the market. The profit and loss strategy, company and bank threats and risks are all collectively taken care of by highly experienced and qualified associates, managing directors, analysts, and VP's. High mathematical and excellence skills are the keywords to be a successful banker. Proper client satisfaction query resolving is also to be taken special care of. The superiors prefer those junior executives who can nurture both creative and quantitative skills while performing all types of banking jobs and solutions.
The sales and the concept of trading is sort of another concept. The investment banking and trading functionalities are very chaotic and commotional. Making decisions about buying and selling and their appropriate price are really very difficult when a huge amount of money is at stake.
The traders and the salesperson work for a more reasonable time as compared to the financial bankers at the corporate level. Thus it is virtually seen that the analysts and the associates who are specifically involved in the investment banking sector work for long hours through out the day and night. So naturally these people are more stressed out and at the same time their probability of making errors and mistakes increase which are not at all desirable and tolerable or entertained. The analysts are recruited when they are just out of college and they work for a few years and thereafter opt for MBA courses.
The associates are generally hired when they have completed their graduation from business school. With more and more contacts and a huge number of clients and customers the executives get promoted to the higher level of vice president and so on within three to four years. After vice president, there comes the level of senior vice president or the director and the high position of managing director. The managing director position is only achieved through hard work, labor, dedication and passion, through work and by having constructive capabilities like establishing contacts and making more official and corporate level relations and advanced networking (social) abilities and obviously ultimate customer satisfaction.
In the case of trading and sales in the corporate level the career path is not very organized and structured. But one can make an easy and rapid progress depending upon the firm's requirement and needs and the talent, passion, and determination of the sales person. The traders do also contribute a lot in this field. The securities are being issued and sold in the markets especially the capital markets. This is helped and performed mostly by the investment banking executive who assists the companies and governments to grow and raise more and more money in the market globally. So they have a huge contribution in the market finance and strategy. Their main job is always mostly concentrated in the field of fixed income, derivatives trading, commodity, securities on equity, prime brokerage, foreign stock exchange, strategic advisory functionalities and services, mergers, and acquisitions.
The job seekers mainly comprise of investment banking associates, executive assistants, investment banking analysts, investment associates, investment advisors, product specialists, managing directors - investment banking, and portfolio managers. The job requirement is nothing more than a bachelor's degree in some related fields along with an MBA. Strong knowledge in stock markets, wide and elaborate conception in securities, and international stock exchanges are also required. A job seeker's career can easily reach new heights to a large extent if he or she has a few years experience in stock exchange, foreign markets, finance, and investments.
These are some of the career option strategies in the banking and financial accounting field. If some of these are strictly maintained and performed likewise it can certainly prove to be fruitful and successful in one's life or career. Thus this is simply great.