Push projects to completion by overseeing people, budgets, and schedules.
In the investment banking world, the Investment Banking Vice President sits below the Investment Banking Managing Director (also known as the Senior Vice President), but above the Investment Banking Associates and Investment Banking Analysts. All of these positions work in transactions involving sales, purchases, or mergers of businesses. As the Investment Banking Vice President, you work with a team to make sure the transactions are completed in a smooth and efficient manner.
Once the details of the transaction have been hammered out, as the Investment Banking Vice President, you’re handed the deal. You supervise the Associates (and their sidekicks, the Analysts) as they produce presentations, update spreadsheets, and provide research results. You ensure that the facts, figures, and statements are correct on these reports.
In addition, you work with a variety of other team members. A huge transaction, like the merger of two companies, can take anywhere from several months to several years. During that time, you are in constant contact with Lawyers, Accountants, and Financial Advisors who are also facilitating the deal. Because of this, a good portion of your day is spent on the phone, responding to emails, and attending meetings to give or receive updates.
While making sure current transactions run smoothly, you also work to bring in new business. Although the Managing Director is mainly in charge of account sales, you support his or her efforts by attending sales calls, taking notes, and providing reports. For smaller clients, you make the call yourself, provide information, and strive to close the deal.