Is commercial banking interesting?
Hi! Recently, I learned a bank near me is offering a summer internship. The bank is commercial, not investment. Despite being inclined towards investment banking, this is a big bank. Should I apply or is commercial banking way too boring (I've seen many people complaining about that, but people are bored with their own thoughts, so what am I supposed to know). I would appreciate any opinion. Thank you!
Well this forum is full of investment bankers and the consensus you're gonna get on here probably isn't going to view it favorably lol. You should look through this thread for more discussions on it https://www.wallstreetoasis.com/forums/commercial-banking-career-path
Thanks!
Questions regarding commercial banking (Originally Posted: 07/02/2012)
I am a rising junior at a top 25 school (non-target) and have a 3.5 - 3.6 GPA. I had an internship at a commercial bank in the summer after freshman year, and am doing a short training program (not an internship) at a BB this summer. What are the chances that I land a commercial banking job after graduation with no networking?
Also, how hard is it to break into investment banking or PE/HF after a couple years in commercial banking? Would I have a better chance working at a top law firm and trying to break in from there?
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Commercial banking can be somewhat related to leverage finance if you get some experience negotiating credit agreements in new issuances. It is certainly more relevant than law.
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It depends on what kind of commercial banking you do. If it's credit cards, consumer loans or calling people in the middle of the night to pay back their debts I wouldn't say it's very relevant.
Where are my commercial banking monkeys? Need your advice (Originally Posted: 02/25/2017)
I am a Certified User. This is a throwaway account as I want to preserve anonymity. Currently work as a buy-side corporate credit analyst in a lower COL area and do not want to leave (Houston, Philly, Charlotte).
Debate: There are maybe one or two other firms to which I could realistically lateral to and put together a career. I’m debating transitioning to commercial banking as there are more opportunities to string a career together.
Situation: Option A – I have an offer. Salary is competitive, but no bonus. I’ve never heard of no bonus potential in this industry (was thinking 10-20%). So All-in comp would be less than my current comp and less than market. Easy commute. Option B – I have an interview coming up. From what I can tell, comp would probably be materially higher. But the commute would suck.
Option A wants a decision early next week, but I want to see how B develops. I can always stay at my current firm and wait for another opportunity.
How important is credit doc/deal-related experience (borrowing base) when considering lateral hires who otherwise have solid credit experience? My thought is that this is one of the easier skills to pick up and just comes with reps. But I don’t want to discount it. Is Option A my chance to make this transition and get the credit doc experience? Or should I hold out for other opportunities since comp is low?
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