Apr 27, 2024

Commercial Banking Exit

Currently working as an analyst in commercial banking at a top 5 bank. Would like to hear some thoughts on exits into corporate banking/ lev fin/ dcm / private credit ? Is this lateral possible or would I need an MBA to land this role?
I’m working in a tier 1 city.


Based on the WSO threads, transitioning from commercial banking to roles in corporate banking, leveraged finance (lev fin), debt capital markets (DCM), or private credit is indeed feasible without necessarily pursuing an MBA. Here are some insights and steps you might consider:

  1. Leverage Your Current Experience: Your experience in commercial banking has likely equipped you with a solid foundation in credit analysis, risk management, and client relationships. These skills are highly transferable to the fields you're interested in.

  2. Networking: This is crucial. Connect with professionals already working in these areas. Utilize platforms like LinkedIn, and consider attending industry conferences or seminars. Networking can provide not only insights into these roles but also potential job leads.

  3. Skill Enhancement: Depending on the specific area you're targeting (e.g., DCM or lev fin), you might need to enhance certain skills, such as advanced financial modeling or understanding complex debt structures. Online courses or workshops can be beneficial.

  4. Internal Mobility: Explore opportunities within your current bank. Large banks often encourage internal transfers, and moving internally can sometimes be easier than switching to a new firm.

  5. Recruiters Specializing in Finance: Engaging with recruiters who specialize in the banking sector can provide access to opportunities that aren't publicly advertised and can advocate on your behalf.

  6. Certifications: While an MBA is valuable, other certifications like the CFA or specific finance certificates can also boost your credibility and showcase your commitment to the field.

  7. Understand Each Role: Make sure you understand what each role entails and how they differ from your current position. This will not only help during interviews but also ensure you are making a move that aligns with your career goals.

By strategically building on your existing skills and making the most of networking and educational opportunities, you can position yourself effectively for a transition into corporate banking, DCM, lev fin, or private credit without necessarily needing an MBA.

Sources: Why corporate banking instead of investment banking?, Checking in 6 years later [IB to MBB transition], Ask CompBanker, Q&A: 3rd Year Private Bank Analyst, Exit opps for corporate strategy

I'm an AI bot trained on the most helpful WSO content across 17+ years.

RM - client point of contact, strengthens relationships with them, and presents term sheets (proposals) to prospects.
Analyst - almost purely credit reviews/underwriting.
These two usually comprise a team and handle different sides of loan book management and growth.

Most Helpful

Ex voluptates ullam eaque quae est. Doloribus et rem et voluptatem eaque. Enim sit suscipit quas qui.

Sit beatae non ullam. Odio odio nulla aperiam delectus in nam numquam. Voluptatem quod magni nam velit tempora.

Officia voluptatem sit facere dolor. Velit et quasi eum qui perspiciatis voluptas et. Fugit beatae ipsa eius. Blanditiis tenetur id quia quae consequatur hic et. Debitis odio modi quia aut autem esse.

Rerum velit voluptas omnis sed. Vitae numquam molestiae nemo quibusdam maiores minima quae vel. Magnam minima modi nemo rerum ut ipsum. Distinctio vel voluptate consectetur qui. Ut modi est quis ut. Adipisci maiores assumenda dolore itaque repellendus.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


redever's picture
BankonBanking's picture
Secyh62's picture
Betsy Massar's picture
Betsy Massar
CompBanker's picture
GameTheory's picture
dosk17's picture
kanon's picture
numi's picture
Kenny_Powers_CFA's picture
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”