Corporate Banking vs IB

What's the difference between Corporate Banking and IB specifically in BofA? They seem to be paired together under Global Corporate & Investment Banking but how do they differ?

3 Comments
 

Corporate banking is lending money to corporates (revolving credit facilities, term loans, etc). It's not the same as investment banking. They are under the same umbrella because IB uses corporate banking to get deals.

 
Most Helpful

Hey- currently a Corporate Banking intern at a CIB bank. Here is what I understand:

Corporate Banking mainly involves the credit side and lending to clients. They are the key relationship holders in CIB banks and the majority of banking relations stem from the lending relationship. After the bank lends to a client and builds up a relation, the client seeks this same bank for its other ancilary business which may be more profitable such as M&A/advisory (Investment Banking). Usually, depending on the client ofc, the banks will offer credit/loans at fairly cheap rates to establish these relationships. This loss leading strategy is what banks typically use to build up a clientele.The Corporate Banker is has to have knowledge about all products the bank offers so that it can talk to and liase with the client about any ancilary business. Also, CIB Corporate Bankers get involved in credit modelling/analysis to justify whether to lend to a client or not and work closely with the risk teams. This modelling is not as intensive as the modelling done in IB but can get complex depending on the deal type. IB on the other hand, focuses soley on advisory services which is usually the most profitable area(s) for a Bank, and is not as involved in the relationship aspect as above. They pitch to potenital clients to win mandates through creating presentation decks and once one is appointed, this is where the heavy hours come in as the modelling work begins and you have to be at the client's call at all times pretty much. Corp bankers and Inv Bankers usually work very close together to idenify cross sell opportunities within the bank. For eg. if a client is undertaking a merger and would like to borrow acquision finance, then the IB team and CB teams work together to put together the deal. 

Hope this helps :)

 

Et ad ullam exercitationem ut voluptatem. Atque officia maxime atque eligendi iure possimus animi. Sed magni dicta similique eveniet occaecati voluptatibus non. Quia sunt nisi hic minus facere rerum corporis. Quidem fuga cumque quas accusantium qui aut.

Inventore possimus et dicta esse enim quod. Ullam impedit numquam sequi sapiente quasi et. Sapiente deserunt id ipsum.

Molestiae vel sunt deserunt a quidem adipisci aut. Temporibus expedita quidem animi iure. Consequuntur similique ullam totam itaque dolores illum quia. Id eaque quas quidem quo ipsa temporibus deserunt. Beatae quas impedit totam architecto ut aperiam.

Necessitatibus suscipit molestiae ducimus officia. Pariatur optio et enim non dignissimos porro. In quibusdam ducimus qui laudantium dolorem.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
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...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

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