2.1.5. Further Information

To learn more about IBIBS and Investment Banking Industry please refer to the following documents.

Investment Banking Knowledge Resource

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Student Prospectus

Prospective Students can learn more about IBIBS and Investment Banking Industry by downloading a copy of IBIBS Student Prospectus 

Investment Banking in Australia

According to the Reserve Bank, the total assets of investment banks operating in Australia topped $124 billion in January 2012.  In March 2013, there were 65 authorised banks in Australia, 46 of which were foreign-owned. Some Banks are full service banks while others operate specialist functions. Many of the foreign banks entered the market after it was deregulated over 25 years ago, creating a highly competitive playing field. (http://www.rba.gov.au/fin-stability/fin-inst/).

The global investment banks dominate the larger and more complex investment banking transactions. The International Banks and Securities Association of Australia (IBSA) estimates that there are about 35,000 Australians employed in investment banking. However, most of these jobs are concentrated in Sydney and Melbourne.  Sydney has developed as the financial capital of Australia.

Growth of Investment Banking Services

While many media reports suggest that employment in the financial services industry is in decline, in reality, according to the Australian Bureau of Statistics, the number of people employed in the industry has increased.

Many banks were acquired or bankrupted during the 2007–2012 Global Financial Crisis.  A variety of smaller boutique firms and practices offering investment banking services has increased dramatically due to GFC and de-consolidation of the industry.  Many senior investment bankers have left or been made redundant by major firms and go off to start their own boutique operations.

Historically, there has always been a significant demand for young graduates with 6 months to 24 months experience.

The typical entry-level positions for new recruits include:

  • Assistant advisory support
  • Analysts
  • Research assistants
  • Trainee private client advisers
  • Corporate services advisers
  • Institutional dealers
  • Information technology trainees
  • Client services
  • Assistant portfolio managers
  • Administration and support staff

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