Im in High School and I love business. Can someone tell me what does an INVESTMENT BANKER do and what does it

Question

take to be one.. Also, what does an economist do?

Answer 1

Investment Banks i.e. Goldman Sachs, Morgan Stanley etc., are multifaceted financial firms that provide a wide array of services to investors, corporations and governments among others. The services include but are not limited to origination and underwriting of securities (IPO valuation and distribution) and they act as advisers for Mergers and Acquisitions. These would be done through the Investment Banking department. They provide liquidity i.e. make markets in stocks, corporate debt, government debt and structured products. These functions will be done in Equity Capital Markets and Debt Capital Markets divisions respectively. A lot of these firms manage money for high-net worth individuals. This is done in the private wealth department. Lastly, these investment banks have proprietary traders (trading for own account), internal hedge funds and internal private equity.  

Answer 2

Investment Banker is a broad term and they do lots of different things.  Probably the most generic thing they do is to help corporations with borrowing money by helping them to issue bonds, stock or convertible bonds.

It takes a keen interest in business and financial analysis.

Economists analyze various aspects of the economy... production levels, inflation, productivity, unemployment levels etc. usually with the goal of predicting how these things will behave in the future under various conditions