| The finance industry is one of the
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| | location,
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| largest sectors in most
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| | transactions can also be industry
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| developed economies and as such offers
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| | changing events such as
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| many opportunities to
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| | privatisations of state controlled
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| build an exciting and rewarding career.
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| | entities.As an investment banker there is
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| One area which
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| | always the opportunity to
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| attracts much attention is investment
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| | meet and interact with senior people.
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| banking. It's a high
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| | Not only is this an
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| profile part of the industry because of
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| | opportunity to better understand how top
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| the types of
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| | people in a given
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| business that it specialises in -
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| | industry think and operate, it can
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| arranging stock market
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| | present opportunities at
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| listings, mega-bond offerings and
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| | many points along the career path. On
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| takeovers for businesses
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| | top of private sector
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| seeking financing and expansion. It is
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| | contacts, there may also be interaction
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| also one of the most
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| | with senior
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| lucrative areas in finance, commanding
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| | government officials, especially in
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| six figure salaries
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| | countries where the
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| for first year. Accordingly, investment
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| | state maintains a high level of
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| banking is a magnet
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| | investment an industry.
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| for those seeking high flying careers.
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| | These all important connections can
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| This article, part
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| | prove useful.For those that are attracted
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| one of a three part series explores the
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| | to leadership and
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| investment banking
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| | responsibility, investment banks do not
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| industry including the good, the bad and
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| | disappoint. The
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| the ugly.Part one discusses some of the
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| | rapid pace of the industry means that
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| advantages and attractions of
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| | those progressing
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| working in investment banking.It's in
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| | through the ranks can be given
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| the money! Of course one of the top
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| | significant levels of
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| attractions for
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| | responsibility. It is quite normal for
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| many is the potential money that comes
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| | those in their
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| attached to jobs in
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| | mid-thirties to be responsible for
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| the industry. The industry demands a lot
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| | entire business units.
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| from the people
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| | Investment banking is a big plus for
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| that work in it both in ability and
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| | those that like to be
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| commitment. To attract
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| | boss, although it must be noted that
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| top talent, the industry rolls out large
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| | there are many levels
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| pay packets. Bulge
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| | of management within the larger
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| bracket firms such as Goldman Sachs,
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| | banks.Finally, a career as an investment
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| Morgan Stanley and
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| | banker can offer the
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| Merrill Lynch can pay more than six
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| | opportunity for extensive travel,
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| figures for b-school
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| | whether it is between
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| grads. On top of that, there are sign-on
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| | cities within the country or as is more
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| and year-end
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| | and more common,
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| bonuses that can double, triple or
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| | across international borders. As bankers
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| generate even higher
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| | progress through VP
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| multiples of base salary. At senior
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| | and Managing Director levels, there is
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| levels the compensation
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| | the requirement to
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| reaches even higher levels of the
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| | spend more time cultivating and
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| stratosphere - managing
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| | developing client
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| directors can expect as much as
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| | relationships. Often this is done in
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| mid-seven figures in good
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| | different cities and
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| years.Another allure is the fast paced
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| | different global locations. It can be
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| action on offer. There's
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| | exciting as well as
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| never a dull moment as an investment
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| | enlightening to experience the different
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| banker. The work
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| | cultures and places
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| involved in arranging share sales, bond
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| | located outside of your doorstep.And
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| offerings,
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| | there it is some of the main attractions
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| acquisitions and sales of entire
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| | for signing up
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| businesses is fast paced
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| | as an investment banker - money, travel,
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| and complex where details and variables
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| | action, prestige,
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| can change rapidly
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| | leadership and high level connections.
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| with movements in the markets. This
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| | Listed together these
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| presents a huge
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| | almost sound like a cliché for the
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| challenge for those delivering the goods
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| | original role of James
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| and ensures that
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| | Bond and perhaps explains why many
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| life is almost always moving quickly.The
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| | ambitious graduates are
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| prestige factor can also be attractive to
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| | so interested in pursuing investment
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| some. The
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| | banking careers.In part two, the flipside
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| nature of the business often involves
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| | is discussed. Yes, there is a
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| working with major
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| | downside. Find out the negatives of life
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| public and private sector organisations,
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| | as an investment
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| particularly at the
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| | banker "Investment Banking Questions II
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| leading investment banks. Deals can
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| | - is it for you?"Want to be an investment
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| include initial public
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| | banker? Getting in can be almost
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| offerings of major industry players and
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| | impossible even if you've got top grades
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| soon-to-be market
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| | and the background to match. You really
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| leaders. Depending on the industry and
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| | need to ace the interview.
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