- Job Title: Investment Banking Associate
- Salary: $150,000 – $200,000 a year
- Location: New York, NY
- Company: Citi
- Qualifications: Bachelor’s degree
- Experience: 2-3 years
ABOUT CITI
Citi Group, generally referred to as Citiis a global monetary services company centered in New York City. Established in 1812, Citi operates in over 100 international locations, supplying a significant variety of economic products and services which includes investment banking, wealth control, retail banking, and treasury services. It serves individual purchasers, groups, governments, and institutions via its numerous community of subsidiaries and brands, consisting of Citi Private Bank, Citi Cards, and Citibank.
Citi is recognized for its international presence and innovation in financial answers, supporting clients to navigate complex financial landscapes. The organization is dedicated to sustainable growth and social obligation, with responsibilities targeted at monetary inclusion, the climate movement, and community improvement. Citi remains a prominent player within the global financial region, with a sturdy emphasis on technology-pushed offerings and customer-centric answers.
Job Overview:
An Investment Banking Associate assists in executing economic transactions, which include mergers, acquisitions, and capital raising. They behavior precise monetary analysis, build financial fashions, prepare pitch materials, and assist senior bankers in dealing with client relationships. Associates frequently oversee junior analysts’ artwork and ensure the nicely timed delivery of deliverables. They play a crucial function in due diligence, structuring offers, and supplying suggestions to clients. Strong financial acumen, analytical abilities, and the capability to the artwork below strain are critical in fast-paced, high-stakes surroundings. The feature offers massive publicity to senior executives and high-profile tasks.
Requirements and skills of Investment Banking Associate:
Educational Requirements:
- Bachelor’s Degree: A degree in finance, accounting, economics, a commercial company, or an associated vicinity is generally required.
- Advanced Degree (non-obligatory): An MBA or applicable grasp’s diploma can be useful, especially for those seeking to reinforce a speedy transition from an excellent enterprise.
- Relevant Certifications (non-compulsory): CFA or other finance-related certifications can beautify a candidate’s qualifications.
Experience:
- Previous Experience: Typically, candidates have 2-3 years of experience as an Analyst in funding banking, finance, or an associated region. This revel essential for obtaining technical talents and expertise in the industry.
- Internships: Experience through internships at funding banks, financial businesses, or comparable roles can extensively improve candidacy, specifically in alternative aggressive markets.
Technical Skills:
- Financial Modeling: Ability to construct and manage complex financial models to evaluate the capacity of transactions, together with discounted coins go with the flow (DCF), comparable business enterprise assessment (CCA), and precedent transactions.
- Valuation Techniques: Strong statistics of valuation techniques and their applications inside the context of mergers, acquisitions, and capital elevating.
- Excel Proficiency: Advanced abilties in Excel for economic evaluation, statistics visualization, and growing reports.
- PowerPoint Skills: Crafting pitch books, suggestions, and one-of-a-kind customer-facing materials requires talent in PowerPoint for seen storytelling.
- Financial Analysis: Proficient in analyzing financial statements, recording key financial metrics, and undertaking thorough due diligence.
Soft Skills:
- Attention to Detail: Precision is crucial even in developing monetary fashions, evaluations, and at some point in the due diligence procedure.
- Strong Communication: Ability to certainly communicate complicated financial thoughts, both in writing and verbally, to clients and senior bankers.
- Time Management: The capability to multitask correctly and meet tight time limits, frequently going for walks for prolonged hours below stress.
- Problem Solving: Creative and crucial questioning is crucial while structuring offers, negotiating phrases, and coping with unexpected worrying conditions.
- Teamwork: Collaboration with senior bankers, analysts, and customers is essential, so interpersonal abilities are vital.
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