Serve as an investment bank's highest-ranking executive.
What does an Investment Banking Managing Director do?
Investment banking is all about connecting corporations with cash and Investment Banking Managing Directors are on the frontline of all the activity. Whether they need it to grow, or just to pay their bills, companies hire investment banks to help them generate large amounts of capital in short amounts of time – either with the stock market or with mergers and acquisitions.
Of course, the banks themselves also are businesses, and as an Investment Banking Managing Director it’s your job to balance the business interests of your customers with those of the bank.
Like all companies, yours has a hierarchy of people within it. At the bottom are Investment Banking Analysts. Above them, from the least senior to the most, are Investment Banking Associates, Vice Presidents, Senior Vice Presidents and Directors. At the very top is a Investment Banking Managing Director. That’s you.
Because you’re a senior-level Investment Banker, your job typically isn’t researching, making or even managing transactions. Instead, it’s managing employees and customers. On the employee side, for instance, you’re responsible for hiring, promoting and developing staff. On the customer side, meanwhile, you’re in charge of developing and maintaining client relationships, which often means schmoozing with CEOs and CFOs at client companies so they’ll continue hiring you.
As an executive, you also handle marketing – serving as your bank’s media Spokesperson, for instance – and mediating: As the Gatekeeper of client relationships, you often will contribute to high-level negotiations during sales meetings with key customers.
Ultimately, though, you’re the boss, which means reviewing reports, managing risk and leading strategic planning. In short: managing and – you guessed it – directing.