I have an interest in a career in underwriting but I have heard that there is a lot of travel that goes on with it. How much travel is there because I hate flying and traveling unless it’s vacation.
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These roles are called Risk at large banks and you would not travel at all
Traditional lender underwriting at a local bank for loans/asset financing - you would travel quite a bit to see the assets in person
So large banks doesn’t need traveling but smaller regional ones do? Why is that?
Well if you're working at like a Citi or Chase branch doing loan financing you will travel (very locally)
The "risk" job is technically not underwriting but is the large, corporate, NYC version of that - for example you'll evaluate credit risk of extending a loan to a company or market risk of certain security positions - you are looking at similar things just offering an alternative if you like evaluating assets and risk but do not want to travel
What if the position was in real estate?
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