How to become an Investment Banker in 2023
How to become an Investment Banker in 2023
Investment banking is a highly competitive and lucrative field that has been attracting many young professionals to pursue a career in it.

The role of an investment banker is to assist companies in raising capital by underwriting and selling securities. Investment bankers also help companies in mergers and acquisitions, IPOs, and other complex financial transactions. Investment banking requires a strong understanding of financial markets, accounting, economics, and quantitative analysis. In this blog, we will discuss how to become an investment banker in 2023. If you want to make a career in this field, check-out investment banking course fees.


Table of Contents:


  • Understanding the role of an Investment Banker

  • Education and Qualifications

  • Develop Strong Analytical and Quantitative Skills

  • Build Relevant Work Experience

  • Networking and Building Professional Relationships

  • Pass Relevant Licensing Exams

  • Apply for Internships and Entry-level Positions

  • Advance Your Career Through Professional Development and Continuing Education

  • Conclusion


Understanding the role of an Investment Banker:

Before embarking on a career as an investment banker, it is essential to understand the nature of the job and the skills required for it. Investment bankers work with corporations, governments, and other financial institutions to raise capital and advise them on strategic financial decisions. They play a critical role in underwriting securities, conducting due diligence, and providing financial advice to their clients.


Education and Qualifications:

A career in investment banking typically requires a bachelor's degree in finance, economics, or business administration. While a master's degree is not necessary, it may be advantageous in today's competitive job market. Some investment banks also prefer candidates with an MBA or a graduate degree in finance or economics.


Apart from formal education, certifications like Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or Financial Risk Manager (FRM) can enhance one's credibility in the field. These certifications demonstrate a candidate's expertise in a particular area and their commitment to professional development.


Develop Strong Analytical and Quantitative Skills:


Investment banking is a field that requires strong analytical and quantitative skills. Aspiring investment bankers must develop proficiency in financial modeling, valuation, and statistical analysis. They must also possess a deep understanding of financial markets and products like equity, fixed income, and derivatives.

It is essential to keep up with the latest financial news and trends and to stay informed about changes in regulations and laws that affect the financial industry. Subscribing to financial publications like the Wall Street Journal, Financial Times, and Bloomberg can provide insights into the latest developments in the industry.


Build Relevant Work Experience:

Building relevant work experience is crucial to a career in investment banking. Many investment banks offer internships and entry-level positions that provide opportunities to gain practical experience and exposure to different aspects of investment banking.


It is also essential to choose a career path that aligns with one's long-term career goals. For instance, if a candidate is interested in working with technology companies, they should seek opportunities in investment banks that specialize in the technology sector.


Networking and Building Professional Relationships:

Networking is a critical aspect of a career in investment banking. Building relationships with colleagues, mentors, and industry professionals can provide valuable insights into the industry and help one develop the skills and knowledge required to succeed.


One can network by attending industry events, joining professional organizations, and connecting with professionals on LinkedIn and other social media platforms. Building a strong personal brand and reputation is essential to stand out in the competitive job market.


Pass Relevant Licensing Exams:

Some roles in investment banking require licensing exams, such as the Series 7 and Series 63 exams, which are mandatory for individuals who sell securities. Other licenses like Series 79 and Series 82 are required for individuals involved in underwriting securities and advising on mergers and acquisitions.


Pursue Advanced Degrees

While not always necessary, pursuing an advanced degree can be beneficial in the investment banking industry. An MBA or Master's degree in Finance or Economics can demonstrate a higher level of education and a commitment to the industry. Many investment banks also recruit heavily from top MBA programs.


Build Your Technical Skills

Investment bankers must possess strong technical skills in order to succeed in the industry. This includes proficiency in financial modeling, valuation, and accounting. It is important to continually develop and improve these skills through training, online courses, and real-world experience.


Financial Modeling

Financial modeling is the process of creating a mathematical representation of a company's financial situation. This is typically done in Excel, and investment bankers use financial models to perform various analyses, such as forecasting future earnings or valuing a company.

To build your financial modeling skills, consider taking online courses or enrolling in a training program. Many investment banks also offer in-house training programs for new hires.



Valuation is the process of determining the value of a company or asset. This is a critical component of investment banking, as investment bankers must be able to accurately value companies in order to advise clients on potential mergers, acquisitions, or IPOs.

To build your valuation skills, consider taking courses in corporate finance or valuation. Additionally, it can be helpful to practice valuing companies using real-world examples.



Investment bankers must have a strong understanding of accounting principles, as they are often responsible for analyzing financial statements and preparing financial models.

To build your accounting skills, consider taking accounting courses or earning a certification, such as the Certified Public Accountant (CPA) certification. Additionally, gaining experience in an accounting or finance role can provide valuable skills and knowledge.



While not always required, programming skills can be beneficial for investment bankers. This is especially true for those working in technology-focused areas such as fintech or venture capital.

To build your programming skills, consider taking courses in programming languages such as Python or R. Additionally, practice coding and working on personal projects to build your skills.



Excel is a critical tool for investment bankers, as it is used for financial modeling, data analysis, and other tasks. To build your Excel skills, consider taking online courses or working on personal projects to gain experience.


Be Prepared for Long Hours

Investment banking is a demanding career, often requiring long hours and tight deadlines. It is important to have a strong work ethic and be willing to put in the time and effort necessary to succeed in the industry.


Develop Strong Communication Skills

Effective communication is critical in investment banking. Investment bankers must be able to communicate complex financial concepts and analysis to clients, colleagues, and other stakeholders. Strong written and verbal communication skills are essential to success in the industry.


Stay Current with Industry Trends

The investment banking industry is constantly evolving, and it is important to stay up-to-date with the latest trends and developments. This can be done through reading industry publications, attending conferences and events, and engaging with other professionals in the industry.




Becoming an investment banker requires a combination of education, skills, and experience. While the path to becoming an investment banker can be challenging, it is a rewarding career with many opportunities for growth and advancement. By following the steps outlined above, you can position yourself for success in the investment banking industry.