I choose to look at the Investment Banking industry because this industry is related to my career and moreover I like the way Investment bankers work. As an investment banker, I will be getting a chance to work on multi-million or billion dollars IPOs, mergers and acquisitions and this would help me to give a visible impact on society and industries. Moreover when you close a multi-million dollar deal with big corporate, so the sense of power and accomplishment is not only a big motivation but also a satisfying and rewarding experience for the investment bankers.

I plan to take up a career in finance and the investment banking sector will help me to lay a stepping stone for my career. I have planned to work for few years in this sector and post that I plan to open up my financial consultancy firm. The experience I will gain working in this sector will help me to tackle a lot of such kind of deals in my career. Although it is a demanding industry but that’s the challenge I would like to put myself in so that it brings the best out of me that is how to work well under pressure and tight deadlines. Also I would get to learn a lot while working in this industry and I am sure I would get to learn something new every other day.

The recent trend occurring in the US Investment banking industry that is relevant to me is the annual growth in the industry from 2008 – 2013 despite of the 2009 global economic recession. Despite of the global economic melt-down, there was not a decrease in the growth of the industry (annual growth of 0.5%) which shows the potential in the growth of the industry. Moreover, the projected growth in the industry over the next 5 years is projected at 3.2% which is again very encouraging. Another trend that is relevant to me is the Revenue v/s Employment trend over the next few years. Fortunately over the next few years, the employment growth does not decrease and that is an exciting sign for me. The major players in the market are JP Morgan Chase & Co. (14.7% market share), Bank of America Corporation (13.1% market share), Goldman Sachs Group Inc (9.6% market share) & Morgan Stanley (8% market share).

Since the US industry is recovering from the after effects of the Global economic meltdown, I think there is a lot of opportunity to grow in this industry if you have the right attitude towards the work. With my hard work, passion to learn new things and zeal to excel, I aim to excel in this industry and contribute towards the growth of not only my organization but also for the overall development of myself. With my past experience in project management and the strategic skills that I plan to gain through my MBA I would be definitely able to add some value to my work.

Key Sources:

1)      IBISWorld