Fifth Third vs Bank of America
I have two full-time offers I am considering coming from an SEC school. One is a Commercial Credit Analyst for Bank of America and the other is a Commercial and Credit Leadership Program for Fifth Third Bank (they call employees in the program CAPs for some reason). Bank of America pays more and offers overtime pay. Plus the manager who hired me told me that after 18-24 months in the position people generally apply internally and go throughout the Bank, including corporate and investment banking, which I found hard to believe.
The benefit of Fifth Third is that it is a rotation so I get to see all different lines of business (LevFin, Middle Market, Corporate, ABL, etc.). They also give CAPs access to leadership and I am told that when one of us in the program wants to meet with someone in the bank then it is company policy that they have to make time to meet with us. So essentially we are not ignored and are given opportunities to network. After the program then we are given job offers in different lines of business based on performance, how well we network, interest, etc.
I am stuck between choosing the bigger bank with the higher salary (greater than 10% difference in salaries) or the smaller bank with rotations and better access to management. I think ultimately I want to try to go into corporate banking. I've been told by a lot of people that either is a good opportunity and both will have good exit ops.
Any thoughts? Especially if you worked at Bank of America or Fifth Third?
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