
Investment banking is one of the most misunderstood careers in finance. Many people assume it is about stock trading or managing personal investments. In reality, investment banking operates at a very different level and works closely with India’s biggest companies and investors.
Today, investment banking firms in India play a crucial role in IPOs, mergers, acquisitions and large fundraises that shape corporate India. This blog explains what investment banking is, who are the major players and what careers in this field really look like.
Investment banking is a specialised financial service that helps companies raise capital and execute major strategic decisions. And investment bankers act as financial advisors to businesses during high-stakes situations.
For example:
Investment banking firms value the business, structure the deal, identify investors or buyers, negotiate terms and ensure regulatory compliance. These are large-ticket transactions, often running into thousands of crores and are executed behind the scenes.
Global Investment Banks
These firms dominate large cross border and marquee transactions.
They usually handle billion-dollar IPOs, global M&A deals and large PE exits. Entry is extremely competitive, especially at junior levels.
Indian Full-Service Investment Banks
These firms understand local regulations, promoters and sector dynamics deeply.
Few names include:
They are very active in IPOs, QIPs and domestic M&A. Recent mandates, such as the Goldiam International QIP, highlight the execution capabilities of domestic firms in the mid-market space. Many mid-sized deals in India are led by these firms rather than global banks.
Boutique and Mid-Market Firms
Boutique investment banking companies focus on specific sectors or deal sizes.
These firms are strong in technology, consumer & mid market M&A deals. For careers, boutique banks often give early hands-on exposure and wider responsibilities.
Source: ET
A typical investment banking team structure looks like this:
Analysts and associates do most of the execution work, including financial models, pitch decks, valuations and due diligence. Senior bankers focus on client relationships and deal origination. Investment banking jobs are demanding but the skill set built here is hard to replicate elsewhere.
Breaking into investment banking straight out of college is tough but achievable.
Freshers can enter through:
A background in finance, accounting or economics helps but practical skills matter more than degrees. Excel, PowerPoint, valuation and financial modelling are non-negotiable.
An investment banking internship is often the real entry gate. Interns work on:
Performance during internships usually decides full time offers and for students, internships carry more weight than certifications.
Investment banking firms in India operate at intersection of capital, strategy and growth. And the work is demanding but the learning curve is steep and rewarding.
For those who enter with clarity and preparation, investment banking offers one of the strongest long term career platforms in finance.
Looking for strategic capital advice? Explore how our Merchant Banking division helps corporates navigate complex growth cycles.
Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The information provided in this material is only for education purposes and should not be used for public distribution and must not be reproduced or redistributed to any other person. One must consult their legal, tax and financial advisors before taking any investment related decisions. https://www.mnclgroup.com/research-disclaimer

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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
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“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009
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Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
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