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LoginWhat is investment banking? What is its scope, criteria, eligibility criteria, etc.?
Career Talk Work & Career 3 years ago
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manpreet![Tuteehub forum best answer]()
Best Answer
3 years ago
Investment banking is a specific division of banking related to the creation of capital for other companies, governments and other entities. Investment banks underwrite new debt and equity securities for all types of corporations, aid in the sale of securities, and help to facilitate mergers and acquisitions, reorganizations and broker trades for both institutions and private investors. Investment banks also provide guidance to issuers regarding the issue and placement of stock. A Bachelor's degree in business administration or a related field like finance is required to become an investment banker. The average salary at these banks range from a fixed pay of INR 1.2 million to INR 2.2m with the bonus ranging between 40% to 80% depending on bank's performance in that fiscal year.