Corporate Banking vs. Corporate Finance
I am a sophomore and choosing between:
1. Corporate banking at a large retail bank (non-BB but top 10 in US)
2. Finance internship at a Global 100 company (one of those leadership development programs)
The corporate banking role is mostly credit management: syndicated loans/senior debt and some bond issuance but no equity issuance or advisory work. However, the day-to-day work seems similar as far as valuing companies and doing due diligence etc and the terminologies (live deal, pitch, etc) are the same
I love the global 100 company and the people there are really nice, but I'm afraid corporate finance will be slow and not challenging. Is this mostly budget analysis and the like?
I would really appreciate any advice you can give, as my deadlines are coming up next week. Which internship will be more exciting/have more learning opportunities and which will better prepare me (make me more appealing to) investment banks or management consulting firms for junior summer? The compensation is pretty much equal but i think the corporate banking will require more hours
Thanks!





I would take the leadership
I would take the leadership program but that's just me.
Raptor.45 wrote: I would take
I would take the leadership program but that's just me.
may I ask why? :)
Corporate Banking for sure .
Corporate Banking for sure . . .if your looking for banking net year.
chi312 wrote: Corporate
Corporate Banking for sure . . .if your looking for banking net year.
thanks for your feedback. again may i ask why?
lol, no one says why...which
lol, no one says why...which is all that really matters.
If the glove don't fit, you must acquit!
It depends on the shop. If
It depends on the shop. If its PNC, they are small. They almost never do anything besides participate in syndications. They never get right lead. They almost never get left lead, unless they are dealing with small regional companies. It will be the equivalent of working for a commercial bank in the middle of alabama.
At bigger shops, you will get left lead mandates for F500 companies - which is very good transaction exposure, and you learn how credit deals are structured. Its pretty cool shit, and you will learn a TON about the clients you underwrite.
In sum, the big banks do the real work on syndications; the small banks look at which big banks are in on the deal, and they follow.
Cries wrote: It depends on
It depends on the shop. If its PNC, they are small. They almost never do anything besides participate in syndications. They never get right lead. They almost never get left lead, unless they are dealing with small regional companies. It will be the equivalent of working for a commercial bank in the middle of alabama.
At bigger shops, you will get left lead mandates for F500 companies - which is very good transaction exposure, and you learn how credit deals are structured. Its pretty cool shit, and you will learn a TON about the clients you underwrite.
In sum, the big banks do the real work on syndications; the small banks look at which big banks are in on the deal, and they follow.
thank you so much for this insight! it's actually not pnc, a little bigger but pretty similar. ill pm you the name!
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The corporate banking
The corporate banking internship will definitely set you up better for IBD/MBB next summer. Corporate banking is pretty much IBD with half the hours, and now with IBD bonuses getting slashed, the comp is getting closer to closer to par. This is a second-hand experience, but a good number of folks on the buy-side definitely respect the credit training you get in corporate banking.
^thanks super helpful! I
^thanks super helpful! I think im going to pick corporate banking :)
it depends if its citi/jpm
it depends
if its citi/jpm corporate banking then its a no brainer, same salary package as ibd (less bonuses obviously but same base 70k and much less hours)
exit opps are also great
no its not citi or jpm, as i
no its not citi or jpm, as i mentioned in my first post it's a non bulge-bracket but top 10 commercial bank! :)