1. Whats the difference between corporate banking and corporate finance ?
2. Are corporate banking hours shorter than investment banking hours ?
3. What is the best way to break into corporate banking from undergrad if you cant secure an internship ?
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1) Corporate Banking involves providing financial services, usually loans, to companies that generate at least 500MM in revenue. corporate finance, is essentially supporting the business units for large corporations. This may include, accounting, treasury, and financial planning and analysis.
2) Yes.
3) Apply to full time positions.
Corporate Banking vs. Corporate Finance - Comment on decision? (Originally Posted: 02/23/2012)
I'm wondering how corporate (or commercial) banking would compare with F500 corporate finance (mainly for a leadership/rotational program). Can anyone comment on their decision if they specifically chose one over the other?
Which is better if the goal is to:
a) get into a top MBA program b) pursue non b-school exit ops c) stay for the long haul
what region are you in?
I can sort of help answer your questions. I know that corporate banking is more of a career path than Ibanking, but it still has very high turnover after ~3 years compared to your average job. I'm pretty sure a top F500 rotational finance program such as GE FMP will land you a top MBA. That's all I know sorry I can't be of more help.
technoviking,
I'm in the Northeast (Philly), and I would prefer to keep it that way
Philly sucks
Lol. That's debatable, but I'm mainly concerned with the career fields themselves.
Any comments?
bump
Depends on what you want to do. An elite CF program (i.e. GE) would get you into a top MBA program easier than a traditional commercial banking position. But, I personally find banking more interesting.
Just be aware that in those rotational programs, you may have to put up with a rotation or two in some real boring position, like controlling (sorry for all of you controllers out there), that are more accounting focused than finance focused.
Corporate Finance vs. Banking (Originally Posted: 02/12/2011)
I have two job offers. The first is a loan portfolio analyst for a regional bank. The other is as an assistant treasurer. Both are public companies with enterprise values of 2 billion. Which has the most career potential?
I think what's important is also for you to know what career path you'd like to take and which one you are more interested in, remember at the end of the day you have to do something you are passionate about. otherwise it just becomes a boring job
You are the one working the position. You need to pick the one you will most enjoy. Like Big Dreams said, pick something your passionate about, or its a boring job.
I agree with that. I can see myself in each position. But, I'm not sure of the future prospects of each - growth potential. I think the reason why I'm struggling with the decision is probably b/c their both so different.
Good advice above.
You should also consider which group you prefer in terms of culture. Remember, you're going to be with these people for 50-80 hours a week, so being with people you like to be around is a huge consideration.
I think the loan portfolio analyst sounds like it could have better exit ops. But someone back me up on this.
Corporate Banking or IB Corporate Finance (Originally Posted: 03/22/2014)
Hi WSO,
I'm currently in an FP&A position at a BB in London. Thinking of a move to Corporate Banking at the same BB in order to increase client contact. Does anyone have any idea about how salary and bonus would change? Info on corporate banking salaries seems pretty scarce and slightly contradictory.
Thanks,
T
Only from what I've heard, and this is from US-based people, is that the base salary likely won't change (or much, at least), but your bonus will go up.
Also, that assumes you stay at the same position (analyst, associate etc). The reason I say that is sometimes you'll get knocked down a level (ie- assoc -> analyst), but I've only heard that happen going from BO to FO.
Not sure if it is equal in London or not, but in the US, Corp Bank Salary at BB is between $60-70K, bonus is between $20-45K for first year. Salary and Bonus go up by $10k each per year. I'm in Corp Banking just as an FYI.
I have two questions regarding this bonus figure of 20-45k. First, is this including a signing bonus? I am surprised at the size of this package -- while maybe not GS m&a figures 100k+ for a first year is big. Second, what is the average bonus size you've seen in your BB corp bank -- ie the rule, not the awesome $50k one year exception.
Lollbo - No, not incluidng signing bonus. All in compensation for first year (including sign-on which comes a couple months before starting) is between $90K - $125K. As far a bonus, at my bank, you are ranked in buckets. Top bucket is about top 10% of analysts which get the $45K. Second Tier gets about $35K (top 30%), and the rest get about $25K. If you are in 4th tier bucket, you should probably be looking for another job, because you will likely get fired. Not sure what they pay them. I put $20K becaues I've heard other banks that pay lower for a year-end bonus.
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