Profession Financial Managers

Paper Summary:

This paper reviews the world of finance investment by examining the services of three major companies: Goldman Sachs, Lehman Brothers and Morgan Stanley. The author points out that the potential prospects for a job in the realm of finance investment are wide and varied in areas like corporate finance, mergers and acquisitions (M&A), project finance, trading, structured finance and derivatives. The paper relates that, as a greenhorn analyst in corporate finance, the candidate is normally expected to work within a client team, shoulder the responsibilities to make registration statements and participate in road shows where investors are sold in securities; the major companies in this domain of activity are Merrill Lynch, PaineWebber and Salomon/SmithBarney.

Table of Contents
Thesis Statement
Companies Considered the Leading Companies in the Industry
Goldman Sachs
Private Wealth Management
Portfolio Management
Strategic Financial Planning:
Lehman Brothers
Investment Banking
Investment Management
Morgan Stanley
General Starting Salary and Potential for Advancement
Potential Job Prospects in this Field of Finance Investment
Project Financing
Structured Finance
Derivatives

From the Paper:

"The starting salaries in finance investment of candidates as Junior Financial Analyst having a bachelors degree ranges from $25,000 to $40,000 and those with an MBA degree ranges from $30,000 to $80,000. However, the added advantage of MBA degree will help in joining as Financial Analyst. According to Robert Half International who conducts survey of CFOs yearly, reports the salaries in thousands as: New recruit Financial Analyst of a small firm would be $23-27, New Recruit Financial Analyst of a large firm would be $26-31, experienced Financial Analyst of a small firm would be from $33-39, experienced Financial Analyst of a large firm would be from $38-47, Credit Manager would be $30-63, Tax Manager would be $57-105, Assistant/ Divisional Treasurer would be $40-78 and Chief Financial Officer -- CFO is $232-295 in leading firms and $80-120 in smaller ones."

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