Types of jobs in commercial banking

Investment banking is a highly competitive career path that attracts many individuals even despite its tough demands, long working hours, fierce competition, and stress. Besides, getting selected is quite challenging — only 4% of Goldman Sachs’ 40,000-plus applicants and just 2% of Morgan Stanley’s 90,000 applicants make it into their analyst programs.

In this article, we’ll not only delve into the lives of the most successful investment bankers and their achievements but also explore the pros and cons of becoming an investment banker and discover tips on how to become successful in this profession.

Highlights

• The list of bankers that significantly impacted the world economy and investment banking include The Rothschilds, J. Morgan, The Warburgs, A. Giannini, D. Rockefeller, M. Goldman, J. Lemann, J. Simons, J. Safra, and R. Dalio.
• Amadeo Giannini’s revolutionary approach to banking democratized access to financial services, benefiting the common people.
• Marcus Goldman’
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  Matthew Koder

  President, Global Corporate and Investment Banking

  Matthew Koder is president of Global Corporate & Investment Banking for Bank of America, and is a member of the company’s executive management team.
  

  In this role, he leads the day-to-day operations of the business and drives the firm’s strategy globally.

  Koder was formerly president of Asia Pacific, where he was responsible for managing and driving growth for all of Bank of America’s businesses in the region. He joined the bank in 2011 as head of Asia Pacific Global Corporate & Investment Banking.

  Koder has more than 25 years of global investment banking experience and resided in Asia for the majority of that time. He has extensive privatization, strategic, advisory and capital markets experience, advising on hundreds of transactions across all countries and sectors.

  Prior to joining the company, Koder worked at UBS in Hong Kong and London for eight years, most recently as head of Global Capital Markets, responsible for all debt and equity origination and execution activiti

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  As a corporate investment banker, you'll provide a range of financial services to companies, institutions and governments

  You will help them achieve their financial goals and implement long and short-term financial plans. You'll manage corporate, strategic and financial opportunities, including:

  • acquisitions
  • bonds and shares
  • initial public offerings (IPO)
  • lending
  • mergers
  • privatisations.

  You may also advise and lead management buyouts, raise capital, provide strategic advice to clients and identify and secure new deals.

  You'll work in dedicated teams, focusing on specific transactions or market sectors. Corporate investment bankers also work alongside other related professionals such as lawyers and accountants.

  Types of corporate investment banker

  Many investment banks deal in three main areas:

  • corporate finance - involves providing specialist knowledge and advice on areas such as mergers and acquisitions, expansion to increase profitability, safeguarding market position and diversifying. You could manage the transaction process, assessing the target organisation a