What is the general consensus on Corporate Banking
Couldn’t find a recent thread on this as the search feature is dogshit. Just curious what everyone here thought of it and its place within higher finance. Does not have its own sub but very closely related to IB especially in pay and in a lot of ways is more “recession proof” than IB
Disclaimer: despite doing my IB stint and ending up in PE like every other monkey on here, I am by no means the typical WSO prestige whore who measures my success in life by job title. Hell I’m probably quitting soon.
All that said, I never viewed corporate banking to be worth it. A lot of really boring work from my view getting shit through committees, pretty comparably bad hours anytime I was working with them (nights / weekends), and to my knowledge base salary was in line but bonuses significantly lagged IB.
I’m not knowledgeable enough to speak on any recession resilience but tbh the teams I worked with were always in flux at both senior and junior levels. Not sure it’s necessary the seat for stability either if that’s your main draw.
I was in Corporate Banking at a Citi/JPM/Bofa/Wells before switching to CRE. I enjoyed my brief time there (about two years). The hours were about 55-60, sometimes more. No weekend work. Pay I thought was solid for the gig, but as others mentioned the bonus was light compared to IB. I did find the work repetitive and not important at the analyst level (like most jobs are). However, in the correct group I think it can be a hidden gem of a career.