INVESTMENT BANKING
A person with a finance education can decide to become an investment banker. It’s a division in banks that specifically deals with issuance of securities or creating amounts of capital associated with different entities such as companies and governments (Careers in investment banking, 2002).
In order to assist in facilitating mergers and acquisition, investment bankers are responsible for underwriting new forms of debt plus equity for corporations. They facilitate transactions that are between two firms or between markets.
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CORPORATE FINANCE
Another career option for an individual who has a finance education is to be part of corporate financing which cuts across all the aspects related to finance in organizations (Ross, Westerfield, Jaffe & Jordan, n.d.).
The process of corporate finance is mainly to maximize the profit and reduce risk financially, in consideration to shareholders value. Corporate financial accountants maintain financial accounting in an organization
EXPLAIN THE ESSENTIAL SKILLS THAT WOULD MAKE A PERSON SUCCESSFUL IN EACH OF THE DESCRIBED POSITIONS.
INVESTMENT BANKING
LEVEL OF COMMUNICATION
It is important for an investment banker to be able to persuade clients and convince them properly to incorporate the preferred direction of investment that he or she is suggesting. These requires one to be able to present documents and explain terms and information easily for the client to be able to understand clearly ("Investment Banking | J.P. Morgan", 2019).
LEVEL OF INTELLECT
An investment banker needs to be able to be verse in mathematics, economics and finance related analytics. This will help in understanding the overall factors influencing investment banking and create avenues for the investment banker to develop new innovative ways of solving problems in the entity.
LEVEL OF DISCIPLINE
Due to the high pressures of performance and intense scrutiny of results expected to be provided later on, investment bankers are required to be self-driven and have self-discipline while also working for long hours but still maintaining a hard work ethic.
LEVEL OF INTERPERSONAL SKILLS
An investment banker needs to have strong interpersonal skills so as to be able to deal and interact with all sorts of clients. Through the interpersonal skills a relations between the clients and the entity will be established and create loyalty from the clients.
CORPORATE FINANCE
LEVEL OF QUANTITATIVE AND ANALYTICAL SKILLS
One requires a strong background in both analytical and quantitative skills which will assist the person in carrying out various crucial reports concerning the entities financial calculations (Brealey, Myers & Allen, n.d.).
LEVEL OF DILIGENCE
Numbers and words written down must be carefully considered and looked through since a slight error will have direct implications on the entity of either false or true exaggerated high figures and low figures, therefore attention to detail is important.
LEVEL OF INTERPERSONAL SKILLS
To be effective in the work, one must be able to liaise with different groups who are both within the entity and outside in order to foster the objectives of the entity properly and financially.
RECOMMEND ONE (1) OF THE CAREER OPTIONS. IDENTIFY THE MOST ATTRACTIVE FEATURES OF THE POSITION
Depending on job openings and the workload expected to accomplish in the entity, a career in corporate finance would be better as compared to investment banking in terms of flexibility.
The most attractive feature in corporate finance is that it has several and higher number of openings for jobs, plus working hours is quite balanced in order to prevent a lot of intense pressure on the individual.
The field of accounting is much more lucrative if for example a financial analyst does both in order to accomplish his goals and entity tasks (Brealey, Myers & Allen, n.d.).
REFERENCES
WetFeet, Inc. (2002). Careers in investment banking . San Francisco, CA.
Investment Banking | J.P. Morgan. (2019). Retrieved from https://www.jpmorgan.com/country/US/en/cib/investment-banking
Ross, S., Westerfield, R., Jaffe, J., & Jordan, B. Corporate finance.
Brealey, R., Myers, S., & Allen, F. Principles of corporate finance.
