Sudden and seemingly unreasonable deadlines for delivering these materials are also par for the course in the day-to-day life of an investment banking analyst.
Bank analyst candidates should be prepared to tout their experiences, either in their academic studies or in their careers.
They'll talk to company executives and investors and try to build cases for or against investments in specific firms or industries.
Build financial valuation models – A sharp facility with online spreadsheets and investment models, is vital for an investment analyst.
Tracking financial trends, isolating business and revenue cycles, and gauging performance in increasingly competitive global markets will all be on the menu for new analysts – and in heavy doses. on- and off-line – New investment banking analysts are expected to be good communicators, for both retail and institutional investment banking audiences.
Researching, writing and editing research reports, status reports, powerpoints, briefing books and pitching books for new initial public offerings (and often managing their journeys through the editorial and production pipeline) are key tasks for banking analysts.
Investment firms will give an edge to candidates who can speak multiple languages (Chinese, Spanish and German are highly favored these days), and to candidates who have a firm grasp on technology and social media.
When you do get to the negotiating table, know that the average entry-level annual salary for investment analysts is ,645, while financial analysts usually command ,488 right out of the gate.Additional compensation, such as signing bonuses or yearly performance-based bonuses, is usually available, but these payouts will vary greatly depending on the employer.Wall Street has changed in the aftermath of the Great Recession of 20 and that has changed the role of the investment banking analyst.For would-be analysts, new legislation such as the Dodd-Frank Financial Reform Act and the Credit Card Reform Act of 2009 has made the job more demanding with greater responsibilities.Banks, brokerages and other financial services firm will favor job candidates who bring the following "must-have" attributes to the negotiation table: New analysts can expect long work weeks – 80 hours isn't out of the norm – and will work closely with firm managing directors to "fill in the blanks" on the investment strategies favored by those directors.Expect to spend most of your hours on the following tasks: Examining industry research – Investment banking analysts are usually slotted in industry-specific categories such as finance, health care, manufacturing or emerging markets.