BofA Enterprise Credit Clarification
Posting in IB forum since corporate/commercial banking don't have their own forums.
I was wondering if anybody had any clarification on what BofA's Enterprise Credit program is? Is it a Commercial Banking role? Is it client facing or only underwriting? Would appreciate any color.
Bump
Bump
Yeah EC has both RM and underwriting roles. When you work in commercial banking, you start by learning the ropes of credit and how to make and manage a loan - that's called underwriting. When you build experience doing that, then you move to relationship management, where you convey those concepts to clients in simple ways to address their problems. As an intern, you'll probably get as much exposure as you ask/push for, including some RM related work if you're lucky.
Commercial banking is an excellent place to learn and start a career.
Sorry I’m a little late but he hit the nail on the head. They make it sound more complicated than it is, EC is commercial/corporate banking. I did the 2022 intern program and start full time next month. I loved it. Money’s good, deals and clients are big enough to be interesting, and you’ll have your nights and weekends off.
Could you please describe the full-time compensation as well as benefits for this role?
Pay for campus hires is as follows:
Sign on bonus: $5k
Salary: $75k / $80k (after stub bonus in February) / $85k... and then promotion cycle
Bonus: Stub bonus $5k-$7k / Full year bonus 2x stub (possibly)
If not hired in the campus program (i.e. lateral hire) base pay of $90k which is seen on job postings. Unfortunately do not have any insight on bonus levels and salary raises.
Sequi culpa quia exercitationem molestias nulla est nam nobis. Et ratione voluptate est atque. Qui adipisci facere qui nobis eum. Praesentium quod nobis quibusdam cumque. Blanditiis iste eum et reiciendis et. Aut hic et est dolores tempora.
Ullam et vitae aut est vel et non. Repellendus est minus explicabo ab. Rerum soluta sit asperiores quod est ut. Ipsa deleniti exercitationem voluptatibus placeat natus atque. Omnis repellat nisi porro quisquam. Voluptate inventore veritatis facere illo non.
Pariatur ut quo est et quas. Omnis neque corrupti ducimus dolore harum ut.
Dolore reiciendis reiciendis aperiam nihil minima omnis. Magni culpa et veniam autem. Maxime ipsam dolore perspiciatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...