Slow day at work today, studying for CFA, but taking some breaks here and there. I don't think there is a lot of information on this board as it relates to commercial banking, at least from the perspective of more junior employees with under 5 years experience. Not sure if there will be a lot of interest in this, but just trying to give back a little. I went to a non-target public school, left a Big 4 role after obtaining CPA license, and joined a regional in their middle market banking group. I am by no means an expert on commercial banking, but I am happy to answer any questions that people have about anything related to my experiences/transition to CB and maybe it will get some other more experienced bankers to chime in as well. edit: happy to move this to a different, more appropriate forum if anyone has suggestions
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My group covers all industries, but there are a couple of groups that cover specific industries and we would defer to them unless the deal is smaller and/or there is a good reason to keep it on my team. Lots of industrial's here, but that's a product of our region I think, and my team actually does a lot of the credit work for our public finance-type clients as well.
1) TL:DR - CPA and accounting experience, client facing experience, analytical procedures, industry specialty
2) Honestly the most important thing is to make sure your story makes sense and be dangerous enough to hold an intelligent conversation about the deal process.
3) I would be looking for credit analyst roles in corporate or commercial banking
Networking a lot should go without being said. Read CNBC/SeekingAlpha/WSJ/Bloomberg
hi thanks a lot for doing this. I had a few questions
1) how is commercial banking divided up at the bank you work at? i.e what teams there are at the bank
2) what are the typical career paths in Commercial Banking? From my understanding you work in a credit analyst type role for a couple years and from there can either transfer to RM or continue up the path of the credit team. Please correct me if I am wrong on that assumption, and please provide insight on what most people do and why you are choosing your path.
3) you mentioned in a previous answer you can progress to PM or RM, can you please explain what PM is in commercial banking and how it differs from RM
4) What are the size of deals you work on? And how are these deals structured, I'm more familiar with corporate banking deals i.e bridge loan, revolvers, term loans, how does commercial banking deal structure compare?
5) finally, knowing what you know now about finance, if you had the chance to go back and do it over again would you still choose Commercial Banking? I've always considered Commercial Banking to be Corporate Banking's little brother and assume most people in Commercial Banking are there because they couldn't make Corporate Banking or are just very concerned with work life balance, is this assumption a little naive?
Sorry for so many questions, I appreciate any help
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I am not the person to answer this question but will comment to bump the thread.