The public and popular article - Admission/Application Essay Example

For such reasons, requirement and importance of investment banking have turned out to be pivotal nowadays (Baumol and Blinder 222). An investment banker provides innumerable services to an economy. An investment banker in a bank provides valuable information regarding financial transactions to be adopted by different corporate companies. Giant multinational firms finalize decisions regarding mergers and acquisitions on the basis of instructions of an investment banker. The investment banker is also responsible for reselling the required securities of a firm to other productive investors in the market.

Apart from such functions, it is also the duty of an investment banker to help corporate firms raise adequate funds in business. The growth of a nation significantly depends on growth of the private corporate firms. Thus, from this context, it can be claimed that an investment banker plays a major role in stimulating economic progress of a nation. At the same time, investments and expenditures that are to be made by the government authorities in a nation are also instructed by an investment banker.

The FICC services of a country are also substantially conducted by an investment banker. Such services include fixed income instruments, commodities trading and currency trading in a bank (Mankiw and Taylor 134). It is the duty of individuals in a country to adopt professional roles, which will especially help in enhancing the level of growth of his or her nation. Hence, it is highly rational to infer that investment banking is the most productive profession that can be adopted by finance students in a country.

It is also true that non-finance students of a nation should realize the worth of this profession and should accordingly take up this prospective occupation in future. Investment banking is not only a prestigious, responsible and prospective profession, but is also