For many people looking for employment, Wall Street jobs often come with a stigma of being extremely fast paced and sales oriented environment. What many people do not realize, is there are many jobs with varying goals and responsibilities. For the most part, investment banking jobs fall into one of two categories, market-related positions or finance positions.
Market-related positions on Wall Street also vary significantly, but they all rotate around the financial markets one way or another. Some of the common market-related investment banking Wall Street jobs is as follows:
• An asset management position on Wall Street normally comes with years of experience and can be quite stressful as an asset manager is responsible for investment decisions.
• A sales position involves selling securities, bonds, and other financial products to customers. The position involves building and maintaining relationships with clients, which often means long nights of entertaining clients.
• A research position is often considered entry level, and serves as a resource to a firm’s traders and salespeople. This involves researching companies and doing a lot of financial modeling. These positions often come with long hours and low pay.
• A trader is responsible for buying and selling stock on the trading floor. These traders normally only work from 9 to 4, but are constantly scrutinized by their daily profit or loss statement.
Finance related positions are often revolved around advising clients such as financial institution, government entities, or private organizations. The essential goal of many finance related job positions is to analyze a company and determine their best way to raise capital or increase profitability.
In many finance related positions, the employee will have a lot of day to day contact with their clients and will spend much of their time analyzing different potential outcomes on a business. These positions require excellent interpersonal skills and analytical skills. Many of these positions come with long hours in the office, but also with high financial rewards. Visit our sponsors to find Wall Steet jobs!
Some of the common areas of finance are asset-backed finance, real estate finance, mergers and acquisitions, corporate finance, and municipal finance.