Position Description: Investment Banker
Comments: It can be difficult to create a proper investment banker job description, since there is so much specialization within the field. Generally, an investment banker assists clients with either fund raising or merger & acquisition activity. In the latter case, the level of specialization may extend to just offering advice on certain types of tax-specific transactions, or in regard to corporate spin-offs or reorganizations. In addition, an investment banking firm may have a number of levels through which a person is expected to advance, such as analyst, associate, vice president, and managing director. Consequently, the following job description presents the requirements for a mix of these specialties and positions. The principal accountabilities of the position are:
- Advise clients regarding the amount and type of funds that can be raised, and the cost thereof.
- Develop a persuasive written case for fund raising by a client, which can be used to shop for debt and equity among prospective lenders and investors.
- Assist clients with the development of a presentation regarding their need for funds and how it will benefit a prospective lender or investor.
- Manage a road show to connect clients with prospective lenders and investors.
- Assist clients in negotiating debt and equity agreements with prospective lenders and investors.
- Manage the initial public offering process on behalf of clients.
Mergers & Acquisitions
- Advise clients regarding the most appropriate target companies to pursue.
- Contact target companies on a confidential basis on behalf of client acquirers.
- Develop letter of intent and purchase agreement documents on behalf of clients, including negotiations with target companies.
- Assist clients with shopping themselves to potential acquirers as acquisition targets.
Desired Qualifications: The candidate investment banker must have excellent modeling skills with an electronic spreadsheet, as well as top-notch verbal and written skills. Should have an MBA degree from a top-25 school, as well as a chartered financial analyst certification. Must be able to effectively network with current and prospective clients on an ongoing basis. Must have a excellent knowledge of the finance industry. The typical investment banker specializes in a small number of target industries.
Working Conditions: Will travel a large percentage of the time to visit clients. Also, working hours can be long and intense, as they are dictated by the needs of clients.