Is there a lot of room in an investment banking position for advancement or promotion?

Investment Banking CertificationQuestion: Is there a lot of room in an investment banking position for advancement or promotion?

Answer: Absolutely. In fact, investment banking is a profession where stagnation is almost unheard of; bankers either succeed and earn promotions or are encouraged to leave the business. At the junior level, professionals generally spend 3 years as an analyst before a possible promotion to associate. After that, promotions can take place every further 2 or 3 years. Between promotions, pay is likely to increase each year (subject of course to the bank’s and the group’s financial performance). Bankers who are passed over for promotion more than twice are likely to move on from the firm (either by choice or by termination).

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