They oversee mergers, acquisitions and preparation for IPOs. In corporate finance, investment bankers help individuals and organizations raise capital through stocks, bonds and other investments. This section explores two types of investment banking. Within brokerages, companies assign investment bankers to work in these subsets. Investment banking typically divides into two subsets: corporate finance and industry coverage. Investment bankers use their knowledge of finance and markets to raise money for organizations, corporations, individuals and government entities. However, the agency also warns that consolidation occurring within the financial services industry-along with automatic trading systems-may slow growth for investment bankers as the decade progresses. The BLS attributes this strong projected growth to an aging population and a resulting decline in traditional pensions. This is faster than the 5% projected growth rate for all occupations nationwide. This category includes investment bankers. The Bureau of Labor Statistics (BLS) reports a projected employment growth of 10% from 2021 to 2031 for securities, commodities and financial services sales agents. The career’s outlook appears promising as well. Payscale data indicates that investment bankers earned an average annual salary of around $102,000 as of August 2022. However, it also delivers high salaries-even entry-level investment bankers may make six figures each year. This demanding role often entails workdays that are 12 or more hours long, adding up to 100-hour work weeks. This role suits individuals who are data-driven, career-focused, analytical, self-assured and determined to help their clients succeed. At all levels, these professionals perform demanding, high-stress work with long days and weeks. The term “investment banker” broadly applies to entry-level and executive positions. These professionals help businesses secure funding through initial public offerings (IPOs) and assist with purchasing and selling securities as consultants. Investment bankers work in finance, making connections between companies that are looking to raise funding and the investors who possess capital.
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