Career Insights: Investment Banking in India (2024)

FAQs

What is the career path for investment banker in India? ›

If you are still trying to figure out how to become an investment banker, start by pursuing a degree in finance or a related field. Gaining relevant experience through internships or entry-level positions and continuously developing your skills are crucial steps on this career path.

India offers a lot of opportunities for investment banking. It is one of the industries with the highest demand right now.

1. Axis Bank Ltd. Axis Bank Ltd, earlier known as UTI bank, was established in 1993. It is an Indian banking and financial services company and is on the top list of the best investment banks in India.

Trends in the market: One notable trend in the Indian Investment Banking market is the rise of boutique investment banks that offer specialized services to niche clientele. These boutique firms are gaining popularity due to their tailored approach and expertise in specific industries.

In other words, an investment banker is a kind of broker responsible for facilitating such transactions along with connecting investors with companies. Glassdoor claims an investment banker analyst can earn more than 12 lakh in a year. It is without the additional compensation of more than 3.2 lakh per annum.

Uday Kotak, India's richest banker with a net worth of $13.7 billion has resigned from Kotak Mahindra Bank as its MD and CEO, around 21 years after being appointed as its head in 2002. Let's look at Kotak's life history and how he has emerged as one of the country's richest bankers.

The average salary of a CA is 6-11 lakhs per annum whereas that of an Investment Banker is 13-15 lakhs per annum.

Upon gaining over 10 years of industry experience, investment bankers may attain the Managing Director role. In this position, they can anticipate an annual salary of INR 1-2 crores or higher, contingent upon factors such as the bank's size, geographical location, and overall performance..

What Are the Big 4 Investment Banks? The big four are JPMorgan, Goldman Sachs, Citigroup, and Morgan Stanley. Some other global giants are treading on their heels, including Deutsche Bank, Barclays, Credit Suisse, and UBS. There are at least 100 highly-regarded global investment banks.

Which investment bank pays highest salary in India? ›

Morgan Stanley and Goldman Sachs top the chart amongst highest paying companies to Investment Bankers with an average salary ranging between INR 14.00 LPA – 15.50 LPA.

SBI, or the State Bank of India, is amongst the safest banks in India. The Reserve Bank of India regulates the bank and is the most significant public sector bank.

And if you're not at an IIM, you pretty much have to network to get in. It's not “impossible” to win IB offers, but it is extremely difficult because there are few openings: The top banks in the country have only a few dozen people in their IB groups, and each group might hire only a few people each year.

And with a fast-growing Indian economy aiding growth in deposits and credit, the banking industry is now back on track. With the overall industry firmly on a growth path, investing in shares of banking companies can also prove beneficial to stock market and mutual fund investors.

They want to earn more and more. The pay in this sector is excellent which enables anyone to pay off their billsquitet easily. If money is what you are looking for then the investment banking sector is the perfect choice as they often provide high salaries with bonuses which are extremely attractive for individuals.

Key Takeaways. A degree from an Ivy League college or other prestigious school can help you land a job in investment banking. Earning an MBA is part of the traditional path to an investment banking career. An advanced degree in mathematics is also highly prized by investment banking companies.

5-10 years (Vice President level)

As investment bankers gain 5-10 years of experience, they can ascend to the position of Vice President, with an annual salary likely to fall between INR 40 and 70 lakhs.