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Investment

How Do You Become an Investment Banker?

Many business and finance students are attracted to the career of investment banking. Although business and finance school graduates can succeed well in many careers, those who want to pursue investment banking — such as the highly paid and sought-after professionals described in this article — will need exceptional business acumen and financial skills.

Here’s everything you need about how to prepare to become an investment banker if you are interested in this role.

What does an investment banker do?

Many financial institutions around the globe have investment bankers as key players, including well-respected financial banks like Chase and Bank of America.

This role is primarily focused on identifying financial risks that are associated with business operations in order to save time and money for companies such as banks and other non-profit organizations. Other responsibilities include helping with acquisitions, mergers, and sales; curating documentation and data for companies that are going public; and planning and pricing financial investment.

Why should I pursue a career in investment banking?

Investment banker jobs offer many benefits.

The average salary often starts at more than $100K, and can reach six figures after bonuses, career jumps, and other perks are factored in.

You’ll also be put your business skills to work in a high-pressure atmosphere, which will undoubtedly make you a desirable candidate for many recruiters as you gain experience. Apart from your accounting and finance skills, you will also develop unique “soft skills” like interpersonal communication and networking, which will serve you well in any industry.

Working in investment banking will open up endless career opportunities and professional growth. You’ll be able to make valuable connections and interact with the top financial players, which could lead to a promotion to a high-ranking position such as department vice president other managerial positions.

How do I get a job as an investment banker?

Of course, it’s not easy to get a job in the highly competitive and challenging field of investment banking. The acceptance rate at large firms is similar to that at prestigious MBA programs — often less than five percent.

With determination and the right skills, however, you can break into this field and launch a career.

These are the key steps to follow:

  • Learn the right skills: Having an advanced degree such as an MBA should make you stand out from the rest of the candidates. Recruiters will recognize that you have experience in the business world. They will also know that you have developed your skills to be a successful investment banker. These include an entrepreneurial mindset as well as networking leadership and analytical skills.
  • Get an internship at an investment bank firm: You’ll probably have the chance to do an internship during your undergraduate and graduate work. It stands to reason that an investment banking company is the best choice if you want to become an investment banker. You will be able to gain valuable experience in the field and get a head start in the recruitment process.
  • Continue to network. Networking is vital in every industry. It’s a great place to begin if you are looking for a job at a particular company. Keep your LinkedIn up-to-date and go to as many networking events in person or online as possible. They’re a great way for you to make life-changing connections and get noticed by potential recruiters and employers.
  • Begin studying for the right qualifications. To start your career as an investment banker, you will likely need to pass the Investment Banking Representative Exam or the Uniform Investment Advisor Law Exam. After you have been invited to interview, ask the recruiters what qualifications you would like to attain and get started preparing. You don’t want a job that isn’t top-notch.

These are just a few of the ways to pursue a job in investment banking, but they are excellent starting points.

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Investment

Everything You Need To Know About DAX Trading

The DAX comprises Germany’s largest and most financially successful companies such as Siemens, BMW, Deutsche Bank and Adidas. These large companies, together, make up around 75% of the German stock exchange. This well-known stock exchange is also very often compared to America’s Dow Jones Industrial Average.

To give you an idea of the significance of the DAX, it represents over a whopping 80 countries outside of Germany and is therefore very responsive to outside market influences. As a capitalization-weighted index, its stocks are measured by market value of outstanding shares and companies are chosen according to market capitalization, order book volume and are reviewed each quarter.

The majority of companies listed on the DAX stock exchange also trade in the US and are excellent indicators of US market trends as DAX trading opens before the US markets. In addition, the DAX market is very sensitive to global events and happenings such as political unrest, natural disasters, economic turmoil and wars. Other influencing factors include the EU job situation, GDP figures and interest rates. It is therefore crucial, if you want to be successful in DAX trading, to pay attention to these aspects and to predict how the market will act.

Trading the DAX stock exchange can offer lucrative profits if you take the above into account and pay close attention to market conditions before you begin trading. It is vital to always make an informed and analytical decision before acting as this could mean the difference between losing or gaining great profits.

New to DAX trading and need a bit of a crash course? Everyone who knows anything about trading will know that the DAX (which stands for Deutscher Aktien Index) is Europe’s most influential economy to pay attention to.

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Investment

Aging Gracefully On A Budget

In the yo-yo economy that has recently been the plight of most Americans, many of us have had to make some painful adjustments to our daily regime. One thing you should NOT have to compromise is your personal health and longevity. America’s promise to life, liberty, and the pursuit of happiness doesn’t have to be a lifelong financial struggle. The achievement of a balanced mind, body, and spirit is not out of reach for you. Here are a few helpful suggestions to assist you in your journey.

MIND

We have all heard the saying, “A mind is a terrible thing to waste”. This statement couldn’t be more true. Your brain is a muscle that must be maintained, especially after the age of thirty. As a person grows older, the brain undergoes some major changes. Certain parts of your brain shrink, and blood vessels can become restricted slowing the everyday processes of the mind. The news isn’t all bad, though, most people actually improve some cognitive functions as they grow older. Vocabulary and other forms of verbal knowledge actually tend to expand with age.

Suggestions for keeping your mind physically healthy include controlling risk factors for chronic diseases such as heart disease and diabetes, engaging in intellectually stimulating activities, and maintaining close social relationships with family, friends, and your local community.

With technology being so readily available these days, there is no short supply of mind game apps. Cell phones, computers, and tablets bring brain exercises right to the palm of your hand for little to no cost. Use them! Physical exercise is not only applicable to your body. Working your brain daily increases neuroplasticity keeping your brain sharp and agile.

BODY

Stay active! This is the number one way to keep your body running smoothly, and it costs little to nothing. Membership dues to your local YMCA facility are fairly reasonable. If public exercise isn’t your forte, your neighborhood and backyard will always be a free alternative space to keep active.

Activities such as gardening, nightly walks (to avoid the heat of those scorching summer days), and yoga not only strengthen your body, but your mind and spirit as well. As little as twenty to thirty minutes a day can make a vast difference in your lifespan. Also, treat yourself from time to time. Therapeutic massage and chiropractic medicine offer a relaxing finish to day full of restraint.

Second, the dreaded accomplice to exercise is a balanced diet. Stay hydrated, and avoid high sodium foods. Limit your intake of high cholesterol meats and cheeses. Chicken and soy meat products offer plenty of flavor variety and leave you feeling light and satisfied as opposed to feeling sick and heavy after a meal loaded down with carbs and sodium.

SPIRIT

Finally, and most importantly, don’t forget to maintain your spirit. Researchers have found several factors that reliably increase happiness as we age. Gratitude, generosity, curiosity, and flexibility are just a few of those suggested factors. Giving back and helping others has been scientifically proven to increase our self-esteem and general level of contentment in life. Curiosity keeps us young and keeps us learning. Flexibility provides an outlet to a new solution.

No matter the issue, there is always another way you can frame the situation for the positive. Worry only brings it’s unhealthy partners like stress and exhaustion. Both of which are counterproductive to your health as a whole.