Feeling stuck in ABL/Commercial Banking: Exit opps?
I’ve been working in Asset Based Lending (ABL) for the last 5 years. While the job is OK and the pay is decent, I feel like I’m not learning anymore. I spent a few years at a Top 2 bank in the ABL space (BofA/Wells Fargo). Got promoted from Analyst > Associate and switched from the credit/PM side to supporting the Originations team.
Last year I moved over to a smaller, Top 10 bank (think PNC/Truist tier) for a VP role in loan originations (still ABL) for a massive pay raise. I’m killing it in my current role, but I feel like I’m not really learning much. Most of my role is just pitching clients/prospects on ABL, sourcing new deals and sharing market updates and comps.
What would be a good exit from a role like this? I feel like because I’ve been in the industry for 5 years the path forward for me is basically just continuing in a loan originations role.
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Will you share what the comp (base+bonus) looks like at the associate and VP level in an originations group? (i.e. syndicated bank loan originations)
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Are you running models? Leveraged credits / direct lending is always a cool option with very good pay and you'll always learn new things everyday.
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What was your pay before and after you moved banks? You mentioned a massive pay increase for your new VP role. Could you give ranges in lieu of your exact comp?
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