Corporate Banking: a detailed day in the life?
There have been numerous renditions of an investment banker day in the life, on WSO, youtube, Reddit*, etc, but I was wondering if anyone has seen / can write one for corporate banking because I'm on the fence about this role and would like to get a better understanding of things (without the vagueness/sugarcoating you may get thru a networking-like conversation).
Specifically, I'm curious about:
- To what extent the role involves client prospecting? I heard CB directs clients to other functions like ECM/DCM/M&A/LevFin etc but don't those teams have their own MDs out getting clients? Therefore this aspect of the job seems rare (yet would be one of the main reasons I'd want to move into CB)
- To what extent do analysts get to help out with relationship management? Is it true that vs IB, you get to start interacting with the external parties earlier, and in such a way where you have more responsibility (vs just listening on a call or passing through someone else's questions).
- The hours seem better than IB but there are still ranges that reach up to ~9pm on the daily. What is your experience with the hours (pref. Canada) and are there mid-day periods of calm like in IB when waiting on an MD? (e.g. 8am-10pm is a lot more palatable if there are two coffee runs and maybe even a quick gym break in between)
- How does the technical knowledge - sale skills mix compare and contrast from CB to S&T sales? I'm looking for a role that is primarily sales and relationship oriented, BUT still requires technical knowledge to "keep me sharp". I feel very "unsafe" in my career with a 100% sales based role.
- Does the FRM designation have any impact in this role? I will continue working on the CFA designation, but I also heard that with the FRM you may be allowed to work on some bigger deals and maaaaybe even help out with DCM in certain cases where the team is small?
*I'm not allowed links but I'm referring to the good day / bad day on r/FinancialCareers from a few months ago, it had great detail.
Bump interested as well. Are you interviewing for the Metal & Mining CB posting in Toronto rn?
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