Best Banks/Groups for Becoming a Career Banker?
Interested in potentially pursuing banking as a long-term career path. Not so interested in being absolutely grinded to the bone for 2 years for PE exits. What would be generally good banks to build a long-term career at? Looking for banks/groups where burnout can reasonably be avoided and leadership is strong/friendly to promotions. I know this is sort of vague, but any insight would be much appreciated!
Honestly can become one from any bank/group. The actual individuals at the top matters much more as they set the tone. If they like to mentor the EDs and Ds below them, it will trickle down. Check the actual groups to see how many MDs are internally promoted
Good to know, interested in hearing if there are specific banks people would recommend that generally have this kind of culture?
Completely individual driven. Even within a bank each group is ran like their own fiefdom. Maybe check the company websites for MD backgrounds
tmt
For a full career I think the people in structured finance have stayed longest from what I can see. Hours are generally better and the banks will pay the same as buyside firms in a lot of ways. It's more niche, but if you're good at it then you'll make a lot.
Join a shit group at a well-known bank. So you have a decent brand name to either lateral up later if you want to or lateral down if you get fired/things aren't working well, but don't get grinded. A lot of groups at the DB/UBS/RBC tier of firms fit this bill if you can play the politics well.
If you are a woman, join any Canadian bank. A seamless ride to ED/D is guaranteed.
Not in DCM but have heard it’s historically good for retention
Houston if your end all be all is money
Odio dignissimos amet dignissimos corporis a. Porro qui et sed ut. Illo tempora non necessitatibus commodi sit.
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...