How to decide on becoming an Investment Banker?
An Investment Banker is required to have a keen interest in Mathematics and Finance. Skills required to become one are :
Good Communication skills
Confidence with numbers
What is the basic qualification required to become an Investment Banker?
i) The aspirant must have a solid foundation in Mathematics from 10+2 education itself.
ii) He/She must have a Bachelor’s degree in the discipline of finance, accounting or mathematics or some course in relation to it.
iii) A certification course adds credentials in the field. (For example, CFA, CPA, FRM, etc.)
iv) A MBA from a premier institution guarantees a high level job post.
v) Aspirants may take up a course for investment banking like NCFM or FLIP.
What are the eligibility criteria for NCFM exam?
NSE(National Stock Exchange) has set no specific eligibility criteria for the examination. Any willing candidate can take up the course. The only required form the candidate is proficient in English and basic working knowledge of computers.
What are the eligibility criteria for the FLIP exam?
FLIP examination has set no specific eligibility criteria for the examination. Any willing candidate can take up the course. The only required form the candidate is proficient in English and basic working knowledge of computers.
How many modules does NCFM have?
NCFM examination has three modules - Fundamental, Intermediate and Advanced.
How to decide which module to take up for NCFM?
The various modules of NCFM differ in accordance to the aspirants qualification and field of work.
Graduates, Non-Banking/Finance, CA professionals.
Fundamental Module in Capital Markets.
IT/KPO Professional or aspirants
Fundamental Module in International Capital Markets.
Experienced IT/KPO professionals
Intermediate/Advanced Module in International Capital Markets
Experienced IT/KPO professionals in Banking domain
Foundation Module in International Banking
i) Intermediate Module in Capital Market Dealers.
ii) Advanced Module in Certified Financial Planner.
iii) Advanced Module in Equity Research.
Working professional in Financial Services
Domain specific Module and Topic
What is the exam pattern for NCFM exam?
(The exam pattern for NCFM exam may differ for different modules)
i) The questions are MCQ based.
ii) No. of question: Majority of modules have 60 questions but may vary for some.
iii) It is generally conducted for 2 hours.
iv) Some modules may have negative marking.
What is the exam pattern for the FLIP online exam?
i) It is computer based.
ii) Duration: 2 hours
iii) The questions are MCQ based.
iv) There is negative marking.
What is the average salary of an Investment Banker?
The basic average salary of an Investment Banker in India is Rs. 9,00,000 p.a. This figure is usually supplemented with bonuses from employers and is bound to increase over time.
What is the scope of Investment Banker? What are the different job profiles?
Investment Banking can be divided into three broad groups:
The Front Office: Traders, M&A analysts,etc.
The Middle Office: Equity research analyst, Risk Managers, etc.
The Back Office: They usually recruit employees for support role.
Who are the top recruiters for Investment Banking?
Deutsche Bank Shared Services
BNP Paribas Shared Services