Best Investment Banks To Work for in 2024 | Zell Education (2024)

The primary purpose of investment banking is to raise capital for companies as well as for the government. An investment bank comes into the picture when a company declares an IPO or takes part in acquisition activity. There are many investment banks worldwide, many of which deal with high net-worth entities. This article gives detailed information on investment banking, the role of investment banking companies and the best investment banks to work for in 2024.

What Are the Major Roles of an Investment Bank?

Investment banks are a link between an investor and an enterprise. They advise a company on financial issues like how to raise capital and whether to issue bonds or shares in the market to meet financial needs. Listed below are some of the significant roles of an investment bank:

• It helps the company in its wealth management and asset management.
• It advises the company on sales, trading, IPOs, mergers and acquisitions.
• It can prepare financial models to study whether the company should sell its ownership of a company.
• Financial Analysts of an investment bank can estimate the net worth of a share of the company.
• It can engage in buying and selling a company’s shares to manipulate the firm’s valuation.

Earning a CFA certification is a great headstart to starting your career in investment banking. If you want to gain a CFA certification and become a Financial Analyst, check out our blog “CFA Curriculum Changes 2024” to learn about the course.

What Are the Best Investment Banking Companies in 2024?

Here’s a list of the top investment banking companies you can work for in 2024:

5 Best Investment Bank to Work

When you are starting your career in investment banking, you should be aware of the best investment banks in the world.

Here is a list of 5 best investment banks to work with:

Investment Banker Jobs in JPMorgan Chase & Co.

JPMorgan Chase & Co. was established in December 2000 and is one of the best multinational investment banks to work with. The bank holds an asset of $3.5 trillion with above 5000 branches. The bank serves its customers with several functions like investment banking, asset management, and retail banking.

Investment Banker Jobs in Goldman Sachs Group Inc.

Goldman Sachs Group Inc. Is another investment bank that is considered one of the best options to work with. The bank is known to cater its services to some of the most influential financial firms across the world. Goldman Sachs holds an asset of more than $500 billion.

Investment Banker Jobs in Morgan Stanley

Morgan Stanley is known to offer customized financial services to all its clients. Some of the services that this investment bank offers to its clients are advice on joint ventures, acquisitions, fundraising, and exchange offers.

Investment Banker Jobs in Bank of America Corp.

Bank of America Corp is the 8th largest bank globally. It has more than 4000 branches in the US and holds an asset of $2.5 trillion. The bank also offers other services like asset management and wealth management services besides investment banking.

Investment Banker Jobs in Citigroup Inc.

Citigroup Inc is also an investment bank offering a healthy working environment for employees and clients. The bank holds an asset of $1.7 trillion and it is also known for its subsidiaries that are Citibank and Citigroup.

Benefits of Working with an Investment Bank:

Organizations and individuals find it very beneficial to work with an investment bank in place of other sources for their investment needs.

Expert Advice and Guidance

One of the major benefits that an investment bank offers to its clients is expertise support. Whether it is investment-related decisions or the management of finances, a good investment bank will also provide the right support to the clients. The bank will guide the clients through wealth management, investment management, and fundraising.

How To Become an Investment Banker?

By now, you must be thinking about how to make a career in investment banking. The steps below give a sneak peek into the eligibility requirements for becoming an Investment Banker:

• A bachelor’s degree in Economics, an MBA in Finance, or any other related degree may be helpful.
• You should possess the knowledge of preparing and working with financial models.
• You should have networking and communication skills.
• You should possess excellent market analysis and research knowledge and proficiency in working with MS Excel.
• You can go for certifications like US CMA Program and CFA courses which will help you gain relevant knowledge and skills on financial issues.

Using Services You Don’t Really Need

One of the major mistakes that clients make is to even use services that you do not require. It is essential to get in touch with the best investment banks because they will not guide you through the wrong products. You should analyse the requirements that you have and should get services that hold the potential to help you financially in the long term.

Is Investment Banking Rewarding Financially?

Investment banking is one of the highest-paid careers in the world. While the investment banking salary usually ranges between INR 6-8 LPA, it may go up to INR 15-30 LPA as the years of experience increase. ICICI Securities, HDFC Bank, Axis Bank and Morgan Stanley are some of India’s highest-paying investment banking companies.

Constant Controversy

Investment banking is mistaken to transfer finances from the poor to the rich. The fact is that you can lose finances if you do not make decisions smartly. Hence, you should ignore constant controversies about investment banks and research while taking investment bankers’ suggestions while making your decisions.

Working with investment banking is one of the best things that you can do to manage your finances and investments. You should contact the best investment banking services to get the best results.

Conclusion

You must equip yourself with the necessary skills and knowledge to bag investment banking jobs and make a successful career in investment banking. With expertise, you can expect to land a rewarding job in one of the top investment banking companies. Zell Education provides a CFA certificate course, a 3-level programme designed to teach you all about finance and investments. You can also pursue CMA certification to gain knowledge in finance, accounting and business.

FAQ’s on Best Investment Banks to Work:

Which investment bank offers the highest salary?

Some of the highest-paying investment banks are JPMorgan Chase, Morgan Stanley and Goldman Sachs.

What is a tier 1 investment bank?

A tier 1 investment bank has massive financial strength. The four major banks of the US, namely JPMorgan, Bank of America, Wells Fargo and Citigroup, are the tier 1 banks in terms of their valuation, asset holding, revenue and net income.

Is investment banking a good career option?

Investment Banking salaries are among the highest considering various professions, and Investment Bankers have high demand worldwide. So it is a good career option.

What is the starting salary of Investment Bankers?

On average, the annual salary of an Investment Banker is about $1,17,626.