How difficult is a career in investment banking?
Jared asked:
What kind of math is involved? How difficult is the job in general? As an MBA graduate, will you be prepared to enter the field of investment banking?
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What kind of math is involved? How difficult is the job in general? As an MBA graduate, will you be prepared to enter the field of investment banking?
April 4th, 2010 at 9:40 pm
Investment banking is a highly competitive field. The job tends to require a fairly high skill set but the difficulty really depends on the position, being the head of an investment bank is a high stress position that is extremely difficult, hence the high wages they earn, in contrast working on the buy/sell side of things can be substantially easier.
An MBA will open paths for you to get into large firms but Experience is what really matters in this field, its a long path to the top.
in terms of math you can probably get away with a strong understanding of algebra, unless you work for a firm that employs complex formulas and computer buying and selling, and even then it is unlikely you would need more than algebra. gen
April 5th, 2010 at 8:29 am
It’s not a rocket science but you need to be good with excel and have a solid understanding of finance. MBA not needed for entry-level positions. Neil