Smaller Firm CB rotational program in Savannah, GA
Hello all,
I’m a Senior at a non-target, have 2 years of internship experience (wealth management firms). I’m looking for commercial banking roles at big firms which I know is a huge ask.
Got pretty far with WF, Citizens, Synovus but got rejected. Only got far because of my networking, my school is unheard of and small.
I got an offer for a rotational 2 year program with a focus on CB. I could care less about pay, I want the most experience and knowledge possible so I can either work my way up within the company and kill it or move to private equity. (Whichever pays more in 5+ years)
My worry is the location: Savannah, GA. I hear so many people talking about moving to a big city and it’ll change your life and I want to do that.
How is Savannah for banking/finance?
Looking for advice….
Savannah, GA, while not a major financial hub, can still offer valuable experience in commercial banking, especially if you're starting out. Based on the most helpful WSO content, here are some key points to consider:
Rotational Program Value: A rotational program, even at a smaller firm, can provide a solid foundation in commercial banking. These programs often expose you to various departments, helping you build a well-rounded skill set. This is crucial for long-term growth, whether you stay in CB or pivot to another field like private equity.
Savannah's Market: Savannah is a smaller market compared to major cities like NYC or Atlanta. However, this can work to your advantage early in your career. Smaller markets often provide more hands-on experience, closer client relationships, and opportunities to stand out. You can leverage this experience to transition to a larger market later.
Networking and Exit Opportunities: While Savannah may not have the same networking density as a big city, you can still build a strong network. Focus on excelling in your role, connecting with colleagues, and attending industry events. If your goal is private equity, you'll need to demonstrate strong deal experience and financial acumen, which can be achieved even in a smaller market.
Big City Aspirations: Moving to a big city can indeed open doors, but it's not the only path to success. Many professionals start in smaller markets, gain experience, and then transition to larger firms or cities. If you excel in your rotational program, you can position yourself for opportunities in bigger markets down the line.
Long-Term Payoff: Your focus on gaining experience and knowledge is the right mindset. Pay will follow as you build expertise and a track record of success. Whether you stay in CB or move to PE, the skills you develop in this program will be critical.
In summary, Savannah might not be a big city, but it can still be a great starting point. Use this opportunity to build your skills, network strategically, and position yourself for future moves. If you perform well, transitioning to a larger market or a different role will be much easier. For more insights, check out the WSO threads on rotational programs and career transitions:
- url: https://www.wallstreetoasis.com/forum/other/qacommercial-banking-svp-as…
- url: https://www.wallstreetoasis.com/forum/credit/qa-commercial-banking-cred…
Sources: Q&A - Commercial Banking Credit Risk SVP in Southeast USA, Q&A - Commercial Banking Credit Risk SVP in Southeast USA, Q&A:Commercial Banking SVP Ask Me Anything, Q&A:Commercial Banking SVP Ask Me Anything
Savannah is a great, very fun, but surprisingly small city.
Pros: Unique culture (southern charm is great for some), good food, good night life. Generally the quality of life is fantastic, esp. if you’re making corp banking salary.
Cons: if you’re active with going out on the weekends, Savannah will start to feel quite small within your first year. Southern culture (in the way that Savannah embodies it) could be annoying/weird as you angle for a career in Wall Street. Not a lot of young people.
Basically, if you like that neck of the woods, I’d take it and focus on lateraling after the first two years. Frankly I think there’s something to be said for settling into your first job in a quiet, controlled environment. Go visit for a week
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