Career Beyond Investment Banking

Career Beyond Investment Banking & Equity Research

In order to make the career beyond the equity research career one can go for the career in the due diligence, career in the procurement and negotiation, career in the field of costing, career in the business development, a career in the Project financing, a career in the field of corporate planning, etc.

You may have often thought in your mind that “what if I could use my ability and skills to do something else other than getting trapped in only the two most popularized and hyped career choices!”

The purpose of writing this article is to answer this question that you probably asked.

Many people don’t want to go beyond their comfort zone. But few do. Because when they’re equipped with so many technical skills (financial modeling, financial analysis, valuing companies, etc.), why go for the same old-fashioned “investment bankingInvestment BankingInvestment banking is a specialized banking stream that facilitates the business entities, government and other organizations in generating capital through debts and equity, reorganization, mergers and acquisition, etc.read more” and “equity researchEquity ResearchEquity Research refers to the study of a business, i.e., analyzing a company's financials, performing Ratio Analysis, Financial forecasting in Excel (Financial Modeling), & exploring scenarios to make insightful BUY/HOLD/SELL stock investment recommendations. Moreover, the Equity Research Analysts discuss their findings & details in the Equity Research Reports. read more”? Why not something else?

We’re going through each career option you can take, and we will discuss the job profile, skills required, and compensation. Read on, and you may discover something you may have never considered before.

Career-Beyond-Investment-Banking

You are free to use this image on your website, templates etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Career Beyond Investment Banking (wallstreetmojo.com)

#1 – Career in Costing

You have not thought about it yet. But have a look at the job-profile and skills required. You would see you already have the skills to tap into it and make your mark.

Cost Analysis career

Source: Salary.com

#2 – Procurement & Negotiation

Now not many of you may like negotiation. But many do. Most people think people who negotiate only act as debaters, but the fact is they’re the most brilliant and strategic minds of the world. Have a look at the profile and skills required.

  • Job profile: As mentioned above, negotiation is not a cup of tea for everyone. But if you’re interested in negotiation, the maximum opportunity is in procurement/sourcing. In professional life, we all need to negotiate sometimes. But this sort of negotiation is completely different because a small decrease in the amount of the raw materials can create havoc in competing with other competitors. So only the best and brightest sit for negotiation.
  • Skills required: You need to be very thorough in analyzing the situation quickly. Two things are required for success in this field. Firstly, you need to have an amazing presence of mind to point out any loopholes in your vendors’/buyers’ proposal. Secondly, you need to be very thorough (organized) with the cost computations, pricing quotes, financial modeling (not required always), etc.
  • Compensation: Depending on the position you have, the compensation varies. In procurement, negotiation is the major part. If your position is the procurement manager, the median salary is US $82,001 per annum.
Procurement Negotiation

source: payscale.com

#3 – Corporate Strategy & Planning

There’re people in business who need to plan for the growth of the business. They sit, think, strategize, analyze, and find out ways to implement their plans. If you’re interested in doing the same, read on.

Corporate Strategy

source: payscale.com

#4 – Due Diligence

If you are one of those who like to investigate more about the pragmatism of anything, you’re the perfect fit for this sort of profile. Read on to know more about it.

  • Job profile: If we need to explain this profile in two words, it would be – feasibility analysis. The job profile of due diligence is primarily attached to the following functions –
  1. You need to go through the business plans and find out portions that seem unrealistic.
  2. You need to question the assumptions and expectations of business so that the organization can stand on a solid base.
  3. Lastly, but the most important is the feasibility analyses of commercial plans, strategic moves, business expansion, and business intelligence.
  • Skills required: You may ask that if this profile needs any requirement of financial modeling! The straight answer is not directly. But the truth of the matter is if you don’t know financial modeling, it would be impossible for you to make the diagnosis of whether the business plan, strategic moves, and business expansion are feasible or not.
  • Compensation: If you want to pursue a career in due diligence, you would be getting around the US $66,000 per annum on average. But you need to have thorough knowledge in due diligence to receive that range of salary.
Due Diligence career

source: payscale.com

#5 – Business Development (Bidding)

Your job as a business developer (being part of the bidding team) is to explore territories and venture into new geographies, products, tenders, etc. Read on to know how exciting this field is for professionals who know financial modeling.

bid manager career

source: salary.com

#6 – Corporate Finance & Project Finance

This is the traditional corporate finance and project financeProject FinanceProject Finance is long-term debt finance offered for large infrastructure projects depending upon their projected cash flows. Moreover, an investor has to form a Special Purpose Vehicle (SPV) to acquire the same. read more field. But these career options have a lot to do with financial modeling. Let’s have a look at the job profile.

financial manager Salary

source: payscale.com

#7 – Treasury & Proprietary Trading

This field needs active financial modeling. Let’s find out.

  1. You should know how to do technical analysis.
  2. You should have a fundamental knowledge of equity, debt, swap, commodities, options, etc.
  3. You should know how to do both simple and complex financial modeling as well as how to create shorter models.
  • Compensation: The compensation of a proprietary trader is around US $79,980
Proprietary Trading salary

source: Payscale.com

So with this, we have discussed various Career Beyond Investment Banking & Equity Research and be happily marching along with your existing skills and abilities.

This article has been a guide to Careers beyond Equity Research / Investment Banking. You may also have a look at these articles to enhance your learnings in financial analysis –

Reader Interactions

Comments

  1. Neeraj Kumar Tiwari says

    Very helpful info shared
    Thanks a ton Dheeraj

    • Dheeraj Vaidya says

      thanks Neeraj!