What is Investment Banking Financial Advisory?
Financial advisors are typically compensated by a percentage of their clients' principal or a commission on a recommended product. In addition, some financial firms provide free services to high-net-worth individuals. Their primary role is to steer clients toward outcomes that benefit the institution rather than their wealth. Nonetheless, the fees they charge are not excessive. Some financial advisors earn more than $100,000 a year. You cannot save a significant portion of your base salary as an investment bank analyst. On the other hand, year-end bonuses from your employers can be invested. An $85,000 base salary equals $700 per month or $4900 after taxes. Nonetheless, you should put your year-end bonus money into a savings account. This will ensure you do not run out of cash before your next pay period. An investment bank analyst's first-year salary is around Rs.7-8 lakh. If you are an experienced investment banker, this figure may be higher. However, an internship is a be...