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April 30, 2024
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CB will be the best route for you imo. Corporate banking is much stronger than most think, especially at a BB in NYC. CB at a CIB bank with solid deal flow will give you strong experience with client interaction, credit and LevFin. Apart from underwriting various types of corporate loans, you'll get to work IB deals that the bank has already been chosen to advise on. This means that there is an extremely minimal, if at all amount of pitch work whereas the opposite may be true at the MM bank in the midwest. Plus the hours are better than IB.
Strong arguments for both but go with what aligns more with your future goals, not just your two years.
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I'm a college senior in Asia. I was fortunate enough to get offers for both a CB role in a BB and an IB role for a local boutique investment bank. I only started getting into finance in the past year, so my career roadmap isn't that clear yet and at the moment I'm still 50-50 in my choices. From what I've seen here, working in a BB provides better branding, but an IB role provides better technical training. I would love to hear some of your insights regarding both roles?
For context, I really enjoy doing strategic & advisory work in my school organizations, so going into IB route might be a good fit for me. On the other hand, I also enjoy doing work similar to what relationship managers do, so CB might be a nice fit as well.
Dude I’m sorry to break it to you but whatever strategic advisory you did at university is not akin to ‘strategic advisory’ in investment banking
It’s a catch all term for advice to clients but still takes the form of pitching transactions
i got this....
Bump
Two different jobs (obviously), with different requirements, different lifestyles, different pay, different exit ops.
Are the two grueling years in IB worth the long term possibilities for you?
I am in similar situation like yourself, currently in corporate banking at a coverage group in BB. I would say BB corporate banking given you don't want PE exits so why would you go burn yourself in MM to exit in 1-2 years when you can just grow a career in corporate banking. Plus, MM IB is highly dependent on strong groups, b/c some MM groups in Midwest will do if anything the same pro rata deals corporate banking does at a large BB.
Would go the MM IB route here.
Mind sharing your reasons? Thanks!
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