Investment banker?

Can someone please explain to me exactly what an investment banker does as well as how you go about becoming one? What major do you chose in college? How much does an investment banker make? Thanks

There are different areas in IB — the previous poster went to a financial planner, not an IB person. IBs make large deals, lend money to companies, have a research side that recommends stock and debt buys, etc. They also handle restructurings, stock offerings (IPOs), and often work with private venture companies for private money.

Usually an economics or finance degree is helpful in getting an IB job out of school, but usually these companies recruit at the better schools. Top grades are essential, as are internships. IBs expect you to go for an MBA or law degree usually after about 2-4 years experience.

Here are some top companies:
Goldman Sachs
JP Morgan (part of Chase)
Morgan Stanley
Deutsche Bank
UBS
There are hundreds of small boutique firms as well. New York and London are the main IB locations, as well as Singapore, Tokyo and Hong Kong.

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