Investment banking as we know it is slowly dying. The combination of very low interest rates and an onslaught of regulations has killed the traditional model that worked so well until 2008. EU regulation has capped excessive bonuses, but financial services pay still outstrips the vast majority of other industries.

Is investment banking a dying job?

Investment banking (IB) is an endless party to only a very few people. In the recent past, the IB industry has gone through particularly tumultuous times. The economic slowdown and the crash of capital markets almost wiped out banks billion-dollar profits, leading to largescale retrenchment and cutback in operations.

Do investment banks pay well?

On an absolute basis, investment bankers. On a per hour basis, investment bankers are not paid nearly as well. With most analysts and associates working over 100 hours per week, their hourly wages can range anywhere between $25-$35 per hour. Thats not bad, but it doesnt sound as good as $100,000 a year did.

What qualifications do I need to be an investment banker?

There is no specific degree to become an investment banker, with investment banks hiring graduates from most subject areas. However, transferable skills from degrees like economics, business, mathematics and finance can give you an advantage.

Is online banking the future?

The future of digital banking appears bright, but the unprecedented pace of innovation and shifts in consumer expectations demand a new level of agility and forward-thinking. Even as financial institutions attempt to differentiate themselves from competitors, co-innovation will become an integral part of success.