What exactly does a job in investment banking entail?

i need someone who is/was an investment banker or at least very familiar with this career to answer a few questions of mine to the best of their ability. this is really important and considering i cant find an investment banker to ask these questions to anywhere, i turned to the internet. 1. what exactly does a job in investment banking entail? 2. what are some of the personal qualities an individual needs to be an investment banker? 3. what kind of people do investment bankers deal with? and if so what kinds of major corporations? (give specific names) 4. Is it possible to open your own investment banking firm? 5. how much travel is involved? 6. what kind of clients do investment bankers have? 7. because investment bankers are essentially handling finances, does a bad economy strongly influence the way negotiations with clients prosper? 8. what is the usual starting salary? how much does a seasoned investment banker make? (assuming they are good at their job) 9. is investment banking a good field to go into? why would you consider it? 10. where would you go to pursue a job as an investment banker?
Answer:

100 hour work weeks, lack of sleep, zero free time, stress, lack of food, lack of life. Tough job, very good pay, from 150K -1 M.

Sheema at Yahoo! Answers Visit the source

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Other answers

For this you need to have a CFA or CA or MBA(Finance) degree with sound academical background

Ayan

I think it is very important for someone to answer these questions for you so that you can decide whether you want to be an investment banker. I suggest that you go to an Ivy League school, major in something like eocnomics, then ask these questions when you get an interview for an investment banking job. Some of these questions suggest that you havn't done the first iota of research (" Is it possible to open your own investment banking firm?" - Yeah sure - some big corporation is going to come to you and ask you to underwrite its new bonds and assume the risk of sales. If they don't sell, the underwriting agreement is that you buy them. Do you have the kind of money that says that a corporation would trust you to be able to buy the remaining bonds from its $500M bond offering?) Have you even read the Wiki description of securities underwriting? Do you know anything about securties?

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