In our last article, we covered the basic traits of investment bankers who paved the way for their own success. While experience and intellect are necessary, being adaptable and ready to greet challenges head on is another great trait to possess. In this post, we’re going to explore what it means to be adaptable, as well as cover some other ideal characteristics investment bankers should possess. As we continue on, protect your bank and its operation with a Bankers Professional Liability (BPL) policy.
What does it mean to be adaptable?
With such a high-stress and fast-paced career, investment bankers need to be ready to tackle whatever comes their way. The emotional and mental aspects of the position require the investment banker to be quick-witted, flexible, and adaptable to various scenarios.
Whether you’re working as a facilitator of transactions between mergers and acquisitions or working within your specific investment firm, there are plenty of scenarios that are likely to come your way.
Further, different roles require different traits from that banker. When just starting out, you’re going to want to learn the ropes and ease into your position. However, as you move up the corporate ladder, more responsibility will be placed on you and you’ll need to become an expert in delegation.
Being adaptable gives you an edge over the competition, as well. Once your clients see that you’re able to handle complex situations and solve problems on their behalf, you’ll be irreplaceable.
As we mentioned above, intellect is also a strong capability for investment bankers. Apart from the expected core competencies in finances, mathematics, analytics and economics, there’s more than meets the eye.
Investment banking also requires an intellectual curiosity such that you not only perform and understanding your silo of work, but you branch out to understand how a colleague’s work or other factors fit into the overall puzzle. Investment bankers possess a desire to solve complex problems and to create new and innovative solutions. Areas of study that often drive the intellectual skills and propel this type of problem solving and curiosity tend to focus on mathematics, science, such as physics, economics, engineering and finance/accounting, as well as post graduate certificate programs like Certified Financial Analyst, states Investopedia.
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