Tag: investment banking analyst

The interesting life of an investment banking analyst

I’m Steve Sorensen, CPA from Colorado and I love talking about finance and banking. I love giving advice and sharing what I’ve learned with anyone interested.

Last weekend, I went out with an old friend of mine who used to live in Colorado, but is now based in Michigan. She works as an investment banking analyst, and she shared with me what her professional life was like.

Investment banking analysts also dispense both financial and strategic advice to people in the private sector, corporations, and government institutions. My friend mentioned just how she got to where she was, starting as a rookie analyst. She went into investment banking to learn the ins and outs, and processes. She began learning how to do financial analysis, draft memorandums and spreadsheets (and spreadsheet models). If that sounds like a lot of work, it’s because it is.

After four years, she gained enough experience to throw her name in the hat for the vacant investment banking analyst job at her company. She got it. This was three years ago. She started by helping clients develop the right investments based on who the client was and what the client needed.

After her first year, she started reviewing client portfolios, picking investments that were profitable and ones that had to be let go or worked on.

Today, she’s learning how to look at investment options and sound opportunities for various types of clients. In a few months, she expects to handle debt insurance and stock of some clients, while studying the mechanics of mergers and acquisitions.

It all sounds good, and as long as you put in the hard work, she says, it can be a very lucrative job. I believe her.

This is Steve Sorensen, signing off.

Steve Sorensen from Colorado is a Certified Public Accountant who gives financial advice to clients both in the public and private sectors, including issues such as embezzlement. Head over to this page for more updates.