Investment bankers are financial advisors to corporations and, in some cases, to governments. They help their clients raise money.
Is investment banking a good career in South Africa?
If you are in South Africa or want to make your mark in investment banking, you have a huge opportunity because first of all, you will be entering into an emerging market and at the same time, there is a great chance of growth in the investment banking market.
Which course is best for investment banker?
Master of Business Administration degrees (MBAs) is the most popular among the investment bankers. CFA Certification is a popular finance certification. This certification is conferred by the Chartered Financial Analyst Institute to professionals.
Below are the step to Become An Investment Banker South Africa
Step 1 – Get a Bachelor’s Degree
If you’re considering a career in the financial markets, applying and going to college is the first step in your future investment banking career. Investment banks are interested in hiring graduates from all financial areas, not just securities.
Step 2 – Get an Internship
Many times, the track to becoming an investment banker is somewhat parrot fashion, meaning students memorize how to do things accurately but without actually understanding the concepts behind what they do.
Step 3 – Networking
The best way to make yourself and your abilities more visible to others is through networking. Networking is not just a skill for landing your first job. It is a valuable long-term skill that exposes you to people in different circles, to new opportunities, and to people in various fields of work.
Step 4 – Find a Job in the Finance Industry
By now, you have already started an internship in the finance industry and are well on your way to graduating college. As you get closer to graduation, you need to start looking for a job. Many firms that give students internships also offer jobs after graduation
Technical Skills Needed to Become an Investment Banker South Africa
As you have or will learn throughout your internship, these are the critical technical skills for an investment banker:
Extensive knowledge in mathematics
Business knowledge
Logical problem solving
Reflective decision making
Excellent debating skills
Ability to forecast projections
Below are Characteristics Needed to Become an Investment Banker South Africa
The personality of someone who is suited to work as an investment banker includes the following characteristics:
Analytical
Ambitious
Attentive
Cooperative
Precise
What qualifications do I need to become an investment banker South Africa?
To be eligible, you’ll need a degree, four years of professional work experience or a combination of work and study totalling four years.
The London School of Economics, Cass Business School and Warwick Business School are just a selection of institutions that run postgraduate courses in finance.
How much money do investment bankers make in South Africa?
So from the above, we can conclude that the average salary of investment bankers in South Africa is around R 240,000 to 620,000 (the median is R 430,000).
Is it hard to become an investment banker in South Africa ?
Investment bankers can work 100 hours a week performing research, financial modeling & building presentations.
Although it features some of the most coveted and financially rewarding positions in the banking industry, investment banking is also one of the most challenging and difficult career paths, Guide to IB.
Where can I study investment banking in South Africa?
TOP 10 BANKING COURSES IN SOUTH AFRICA
| Institute Name | City | Course Name |
|---|---|---|
| MilPark Education | Capetown | Post Graduate Diploma in Banking |
| Gordon Institute of Business Science | Johannesburg | Banking Board Leadership Programme |
| 2KO Africa | Cape town | Bank Risk Management |
| Finance Institute | Johannesburg |
Is investment banking a dying career?
Investment banking (IB) is an endless party to only a very few people. In the recent past, the IB industry has gone through particularly tumultuous times.
The economic slowdown and the crash of capital markets almost wiped out banks’ billion-dollar profits, leading to large-scale retrenchment and cutback in operations.
Is there a demand for investment bankers in South Africa ?
Job Outlook
Employment of securities, commodities, and financial services sales agents is projected to grow 4 percent from 2019 to 2029, about as fast as the average for all occupations. Demand for investment banking and retirement services are likely to create employment growth.
Is it worth going into investment banking in South Africa ?
Being an investment banker is one of the best-paying jobs available today, excellently. Meaning, when it comes to salary, it surpasses other jobs by far.
It’s also one of the hardest jobs possible, in every way you can think of. Getting a job isn’t easy either, the competition being fierce.
Which bank is good for investment in South Africa?
African Bank has the best-fixed deposit rate for offering 10.00% interest rate, followed by Discovery Bank with 8.35% with First National Bank coming third with a 8.00% effective interest rate for 60 months investment.