How do I become an Investment Banker? and City Year Investment Community Breakfast 2012

How do I become an Investment Banker?

I finished a Bachelors in Finance and am wondering what would be the best route to take in order to become an investment banker.


Investment best answer:

Answer by charlessmith702210@sbcglobal.net
You need to know the basics of actuarial mathematics, because you need to know that to read any prospectus on an investment you want to use.

Everyone warns you that on any investment, you need to read a prospectus before you invest or send money because you will know how much value you could lose if the market goes up or down...especially if you invest in stocks or go into the stock market....and you know how much risk that is involved in an investment.

Let the Enron debacle be a big lesson to you.....the huge pension losses the employees had faced will be a caveat if you want to invest in more than just CDs or money market funds.

Any investment you make will have a certain amount of....you guess it....risk.

Right now, best to invest in any of the oil stocks....because the price of oil is very, very high now. Also invest in gold....plenty of gold. Also, invest in milk and break commodities, because prices are still high now.

Don't invest in the DJIA, or DOW, or NASDAQ for now.....because the recession is here. Wait until the recession ends before investing in the Dow.

And also.....to be a better investment banker....

You need to easily read charts, like those you had seen in economics class.....

You need to know at least 1,000 stock symbols, and probably 500 more (treat it like Chinese characters; e.g., XRX is Xerox), and.....

You need your trusty science calculator built especially for
simple and compound interest problems...and this will be important at tax time when you are thinking about investing to reduce liability in your income taxes........

Good luck, and happy investing......

Investment

City Year Investment Community Breakfast 2012


Image by cityyear
Josh Bekenstein speaks to guests
Mandarin Ballroom - Boston, MA
Dec 7, 2012

Photos: Jennifer Cogswell - 2012

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Orignal From: How do I become an Investment Banker? and City Year Investment Community Breakfast 2012