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Career In Banking Industry
Irene Said:
anyone can give me career advise for investment banking?We Answered:
I was an investment banking analyst and associate 5 years ago. Your background seems to be fairly quantitative, which is good for both investment banking and trading. I'm assuming you know the difference, and are interested in either corporate finance or M&A of an investment bank. If so, you need to be prepared to work 80 to 100 hours per week, as those are the typical work weeks for a banker (of course, they also get paid a lot more than anyone else).Even though the recruiting programs are officially over, you should still send your resumes to the recruiters or anyone you know at as many banks as you can. You should especially send them to the smaller, boutique banks, as they tend to recruit later than the bulge bracket banks. I suggest getting into a smaller bank first to get the experience, then later on transfer to a larger bank (if that is what you are striving for). It's always easier to get into a boutique bank than a bulge bracket bank.
Good luck!
Dennis Said:
What education is needed to break into the Investment Banking Industry?We Answered:
You need a Masters in Business and finance. A New York City School is best since that gets you an internship and summer jobs through your school years.Guy Said:
investment banking career?We Answered:
These jobs are very competitive. Check out the forums on IBankingOasis.com . Usually firms like to hire those with MBAs from top schools.Wendy Said:
Been in consumer banking industry for 20 years & want to know kind of hospital administrative work i can do?We Answered:
You're in luck.The healthcare field is booming these days, and there is a global shortage of nurses, so if you're determined to make a career jump, chances are good that you'll be successful.
What did you do in the consumer banking industry? Right off the bat if you wanted to make a transition without going back to school, you could likely get into a wide range of careers involving financial analysis within the healthcare field. Medical billing, claims reviews and accounting are all highly sought-after skills at hospitals, physician medical groups, health insurance companies and so on. Many will want you to have a BA, so it may be worth trying to finish it in a part time program, as you're potential earning power will go up significantly.
If you're more drawn to the clinical side, well, you'll have to go back to school no matter what. One of the initial hurdles is that nursing programs are very full right now and terribly short staffed (there aren't enough teachers in RN programs in the United States currently) so you'll have to do well on placement tests in order to get in. You'll also have to take several science classes to make sure you have the programs' prerequisite classes and skills. Once you get in, you'll also have to be okay with taking classes alongside students who are from a different generation. There are quite a few different education options, from accelerated programs to 2 and 4 year programs, to masters and doctorate programs in nursing. Check out http://www.allnursingschools.com/synd/nw… for more detail.
But not to worry, no matter what you do your experience will help you. For instance, a financial analyst with an RN will be given more opportunities in the healthcare world, just as an RN with a strong financial background will be given more opportunities (such as opening the door to doing healthcare consulting).
If you'd like more advice, we have several healthcare career experts on staff who could give you further 1-on-1 assistance. Visit our website at: http://www.PrepSession.com and click on the "Career Section" to learn more, or watch this short video about our mentoring company: http://www.prepsession.com/about-us/how-…
Our toll free phone: 888-501-PREP
Hope that was helpful!
Vera Said:
Career Paths in Banking?We Answered:
Check bank websites in your area and go to the job listings. You'll likely have to work at a bank's regional or main headquarters to find work. Don't expect much in the way of pay when you start out.Tony Said:
would it be a good career move for IT background to work in the banking industry?We Answered:
I spent 18 years in the banking industry, after leaving IBM.I also worked free-lance for several different insurance co.s.
They use a lot of IT resources, & it's steady work.
But these are very staid industries, not very exciting.