Finance careers continue to be a popular and lucrative option for recent MBA graduates. The work is varied, as finance relates to many industries and companies. In addition, the field is obviously very rewarding, with average graduate earning more than $140,000 according U.S. News & World Report. One of the most popular and well paid areas of finance is work at investment banks.
According to the Corporate Finance Institute, investment banking is the division of a financial institution that aides governments, corporations, and organizations through capital raising and mergers and acquisitions advisory services. Investment banks typically act as intermediaries between investors and corporations, and are often popular landing spots for MBA degree holders to bring their talents. Here’s a look at some of the best new MBA jobs in the investment banking sector:
Analyst – Goldman Sachs
Goldman Sachs is hiring a new Analyst to work in its Investment Management Division (IMD) and Merchant Banking Division (MBD) in Jersey City. The IMD is made up of Goldman Sachs Asset Management (GSAM) and Private Wealth Management (PWM), both of which provide asset management and wealth management solutions to investors globally. Meanwhile, MBD is the primary business unit within Goldman Sachs for direct corporate, real estate and infrastructure investing, and is one of the largest managers of private capital globally.
New hires will assist both IMD and MBD in remaining compliant with regulatory requirements, supporting regulatory changes and maintaining relationships with key stakeholders. The job requires one to three years of work experience in product control, asset management regulatory and compliance, or asset management fund controller roles. MBA degrees are definite a plus.
Job responsibilities of the Analyst include:
- Maintaining stakeholder relationships
- Interacting with portfolio managers/COOs to review and approve the reports prior to submission
- Assisting in investigating data quality and resolving issues
- Enhancing IMD/MBD reporting framework, including development and testing of new technology systems
- Implementing calculations and reporting rules around portfolio exposures and risks metrics, improving data governance infrastructure
Goldman Sachs posts this job, and many others, on its careers page.
State and Local Tax Manager – Morgan Stanley
Morgan Stanley is one of the world’s leading global financial services firm, providing a wide investment banking, securities, investment management and wealth management services to corporations, governments, and individuals worldwide. The firm boasts more than 1,200 offices in 43 countries.
There is an opening in Morgan Stanley’s Corporate Tax department for a State and Local Tax Manager at the firm’s New York office. The role will involve tax coverage of all state and local jurisdictions with respect to tax return filings as well as tax provision responsibilities. The ideal candidate will have four to six years of state and local tax compliance and provision experience, preferably in a large corporate environment or a large accounting firm. An MBA degree is a plus.
Major responsibilities of the Tax Manager include:
- Tax compliance management
- Preparing a high volume of state and local returns
- Reviewing state tax apportionment across all Morgan Stanley entities
- Calculating monthly and quarterly state marginal tax rates and state effective tax rates
- Preparing and reviewing quarterly tax provisions as part of consolidated tax provision
See more jobs like this at the Morgan Stanley careers page.
Investor Relations Manager – Bank of Montreal
BMO has an Investor Relations Manager position open in its Toronto office. Investor Relations Managers are tasked with researching and interpreting information, synthesizing investor community views into various deliverables and preparing internal and external reports to communicate the data. The role requires three to five years experience in a Finance environment, and is MBA preferred.
Other responsibilities of the Investor Relations Manager include:
- In depth reviewing and tracking of sell-side analyst research and estimates
- Participating in quarterly briefing meetings, issue identification, investor presentations and reviewing peer bank reporting
- Preparing for Investor Community conferences and meetings including presentations, briefing material and developing messaging
- Monitoring shareholder base for trends and insights and develop analytics
- Managing relationship with market intelligence service providers
Visit the BMO careers page to see more job openings.
Business Innovation and Growth Strategist – Two Sigma Investment
Two Sigma Investments is a financial technology company headquartered in New York that manages more than $50 billion assets for clients worldwide. The company has more than 1,300 employees working to apply the scientific method to investment management, while innovating the field with new technology and data.
Two Sigma is hiring new Business Innovation and Growth Strategist at its Hong Kong office. As a member of the Business and Innovation team, you’ll work to figure out how software, data science and engineering are transforming every industry and improve Two Sigma’s core capabilities. The job requires at least seven years experience in business strategy, corporate development, venture capital, product development, or management consulting, and an MBA degree is preferred.
Responsibilities of the Business Innovation and Growth Strategist include:
- Applying creativity, rigor and collaboration to help plan and execute the growth of Two Sigma
- Crafting the long-term strategy and operating models
- Follow new technologies, innovative business models, regional market trends and financial services disruptions
- Analyzing new business opportunities
- Incubating new initiatives using a combination of product prototyping, modeling and business development capabilities
See this job, and many more, at the Two Sigma careers page.
Regulatory Capital and Risk Analyst – Jane Street Capital
Jane Street Capital is looking for an experienced Regulatory Capital and Risk Analyst to join their New York office. The new hire focuses on the 15c3-1 requirements of Jane Street’s US Broker-Dealers, and work within regulatory and accounting teams to assist in data analysis and compile reports and calculations.
The job requires at least five years of experience in financial services, regulatory risk management, or accounting, along with at least three years’ experience in regulatory risk management. Regulatory Capital and Risk Analyst activities include:
- Researching correct 15c3-1 treatment for new business lines and trading activity
- Responding to audit and regulator queries related to 15c3-1 calculations and treatment
- Understanding the impact that regulations and capital requirements have on the business
- Preparing daily reports for capital and risk monitoring
- Monitoring daily capital requirements and investigating issues
You can find the Jane Street careers page to see more jobs.