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12 . Investment Banking Roles & Positions (Hierarchy) - YouTube
Channel: WallStreetMojo
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hello friends welcome to this
investment-banking tutorial from wallstreetmojo
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so I hope you know this provided a good glimpse of the different
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kinds of functions investment banking is
into so please note that this was more
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for bird's eye view of individual
departments and if you dig deep into it
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you will find that you know it is a
whole science all together within each
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function and as an investment bank you
know potential carriers if you want
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to kind of look at you will note that the higher are key involves
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different levels one it starts with an
analyst then you move to an associate
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then you become a vice president and
then finally a Managing Director so
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let's now look at how these roles and
responsibilities are within an
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investment bank through this video let
us now look at some of the key players
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within the investment banking that
domained let's take an example there's a
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WNK investment bank and if you look at
an investment bank you'll have these
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different positions one of them would be
called as associate there would be a
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team of analysts then you'll find that
someone by the name of vice president
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will also be there and there'll be a
couple of managing directors so what is
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the role of individually each and
everyone now within the investment bank
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so let's talk about bottom of the food
chain you know who who is the analyst
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and what is the typical profile like so
analyst is someone basically
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whose main role is to kind of create
financial models do company analysis do
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some hardcore data punching so something
like you know create a model from
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scratch populate the historical do
some industry research do some due
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diligence create some pitch books
so essentially unless role is all about
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you know getting your hands dirty and
and someone who is basically it's just a
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graduate let's say in history or maybe
finance is kind of eligible for this
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kind of
job so let's look at who are the
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associates so associates primary role is
basically that they check the work of
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the analyst so they are one level up
over and above the analyst so that's why
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they're called as an associate they they
write their texts for the presentations
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they basically oversee the job of an
analyst and they also sometimes interact
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with clients as well as you know other
investment banks who are presenting the
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other side of the party or the client so
they may they may interact so lot of
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dirty work needs to be also done here in
terms of financial analysis when when a
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person is an associate so think of you
know spending at least or four or five
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years after you join an investment bank
as an associate before you become
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someone called a vice president now who
is a vice president so obviously we are
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moving up the hierarchy moving up the
food chain so obviously vice president
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would be overlooking the associates and
the analysts but what is the key role
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think of vice president as a project
manager when we talk about investment
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banks investment banks have to make lot
of client presentations and handle
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different kinds of verticals vice
president to someone who is handling a
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certain set of a project he handles the
structure of the presentation before
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going for the meeting how it should be
looked like you know what is a pitch
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book a design of a pitch book so all
these thing needs to be managed and he
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also talks to the senior investment
bankers and the analysts and basically
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the associates so all in all he is one
of the most important guys within an
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investment bank just a level below or
the final one who is called as a
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managing director so what's the role of
a managing director managing director is
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basically someone like father figure now
his responsibility is to a kind of
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develop an ultimate relationships
assume that the managing director is
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highly networked would be attending
conferences would be meeting clients you
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know debating and discussing things
about valuations and going to high-level
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meetings and managing directors may focus on one
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of the industries and kind of develop
relationships with the management and
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obviously his primary role is to bring
business to the company so he is the
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he's the one who is at the top and is
handling the the part where the sales or
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the business comes from the investment
bank
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