How to Become an Investment Banker: Is the Money Worth It?

Investment Banking requirements Education

Degree programs related to investment banking typically cover the principles of taxation, accounting, investing and corporate finance. Find out about the requirements of these programs, and learn about career options, job growth and salary info for investment banking graduates.

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Investment banking is a general term that includes a few different careers, including floor brokers and financial managers. Candidates interested in the field minimally need a bachelor's degree, though those with eyes on advancement should complete a master's program.

Essential Information

There are many degree programs to prepare individuals for careers in investment banking. Common majors include accounting, business or finance. Although bachelor's degrees are suitable for many positions, higher level positions in this field may require job applicants to hold master's degrees in business administration or finance. Many business administration programs provide actual field experience, which employers prefer. Both undergraduate and graduate programs in these fields provide instruction on developing proper professional behavior and understanding the importance of business ethics. Some potential job titles to consider include investment banker, floor broker, and financial manager.

Career Titles Investment Banker Floor Broker Financial Manager
Education Requirements Bachelor's degree or higher
Projected Job Growth (2014-2024) 10% (All securities, commodities, and financial services sales agents)* 7%*
Median Salary $84, 290 (2016)** $149, 044 (2016)*** $117, 990 (2015)*