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Do IB. Most people I have met in corp banking seem like they are there because they couldnt make the cut for IBD. Of course there's stories of people who chose corp banking over inv banking for personal reasons, e.g. sick family member, but its going to raise an eyebrow down the road. It'd be much easier to switch from IBD to CB, so I'd go that route. Also, depending on the bank/group, I've heard of CB analysts who do little more than print, copy, repeat... not the way I want to spend my first few years outta school.
Do IB. Most people I have met in corp banking seem like they are there because they couldnt make the cut for IBD. Of course there's stories of people who chose corp banking over inv banking for personal reasons, e.g. sick family member, but its going to raise an eyebrow down the road. It'd be much easier to switch from IBD to CB, so I'd go that route. Also, depending on the bank/group, I've heard of CB analysts who do little more than print, copy, repeat... not the way I want to spend my first few years outta school.
Corporate Banking Associate vs. IBD Analyst (Originally Posted: 02/04/2015)
Which is more preferable: starting as corporate banking associate at (JP, BAML, WF) or IBD analyst at BB?
In this scenario the corporate and investment bank are intertwined.
Possible considerations: -compensation -career -exit ops
Please debate. Thank you for your feedback.
What do you want to do as your end game?
Third year analyst vs. first year associate?
Would take IB over CB. It is much easier to switch to CB later on if you decide IB isn't for you.
Do you want to do PE? If so then go banking. If you like debt and maybe would want to go to a senior lending fund or say switch to DCM or maybe LevFin, then Corp banking might be fine.
You can do a lot of things with either. But the path of least resistance is spelled out for each career. Pros and cons to both, just depends what your long term career goals are.
Question, why CB associate Vs IB analyst. I'm assuming you have CB experience. That should at least translate into a 2nd year IB analyst.
Curious too, because I'm currently a 2nd year CB analyst looking to lateral to IB.
How did you break into corporate banking? How did other people do so? Is it as hard as IB?
Thank you everyone so much for your feedback and I apologize for taking so long to respond. To clarify, the choice would be between first year IB analyst and first year CB associate. I am coming from a non-traditional background and might have the opportunity to choose between these roles as part of a rotational internship program at a BB. While I have been reading this forum and the other usual sources for years, I do not yet have any real life or even academic experience in the finance space. Therefore it is difficult to say with certainty what my long term interests are like debt, PE, etc. I posted because I am curious what the opinions of members here would be if they had to choose right now between starting in one of these two roles.
corp banking v i-banking (Originally Posted: 09/27/2013)
can anyone give me some insights or advantages into corporate banking OVER i-banking?? other than less hours...i'm talking in terms of content of the job. thank you
Use the search function.
IB risk vs Corporate banking (Originally Posted: 12/18/2013)
So I am a junior non target going for an SA position. I have a good contact within an NYC BB and while I initially wanted an IB role my contact told me today that due to my 3.3 GPA he can only get me an interview in IB risk or Corporate Banking.
Which is better for exit opportunities and how likely would it be for me too lateral either of these positions into a FT IB role at this bank or another? What is comp like as well for first year analysts and what should I be considering about these?
Thanks all, I'm very conflicted and I need to get back to him soon.
Also interested. I have heard that risk management is in a state of growth at most BB's with pretty good comps and credit risk offering some opportunities to move into lev fin, but not too sure on specifics.
Broadly true given the crisis and increased regulation. I could see asset/liability groups growing due to the rising interest rate environment and legacy assets from previous acquisitions for many banks.
If one doesnt have the IBD or bust mentality, then I think risk is a solid group to start out in. But to be clear, Im certainly not saying it has the exit opps that IBD does.
Yes, for sure the landscape of exit opps for risk management is completely different than for IBD, but you can do a whole lot worse than BB risk management if you can't make it into IBD (from my experience so far, risk is a whole lot better than Big 4 audit).
Go to corporate banking for the exit opps.
Corporate Banking (esp. at a BB) is a front office gig and in my opinion would give you a wider range of realistic exits.
@"HFer_wannabe" and @"Texas Tea" could you be a little more specific on the exit opps?
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