Valuation or Commercial Banking
Finished a MSF in 2019 and have been working in valuation for a large accounting firm (~75 mil rev) for the last year. However, I have a close connection at a well respected, mid-sized bank, that is trying to recruit me and put me on a path to be a commercial lender.
- I enjoy the work I am doing, and see a lot of room for growth. I'm not sure where I want to be in 10 years, but I don't care to try and transition into IB.
- From what it seems, there isn't much change in salary either way I go.
- The bank is growing fast within the state, went public 2 years ago. However, our valuation team is also growing fast, added 5 employees in the last few months (50% increase since I started).
I feel like both are good options but I can't seem to feel confident about either and would love to hear everyone's opinions on each industry or just some broad/anecdotal advice.
Some friends from my MSF class went Valuation. 1 hated it and left after a year to a smaller IB shop in a tier 3 city bc he was worried about being just a cog and that's it. No real human interaction. If you think you would thrive off deal chasing, schmoozing and etc I would do CB. That's not to glamorize it but its just a naturally more extroverted job. Not sure what level you would come it at but I assume you would at least be meeting with the CFO's of you all's PortCo's. Speaking with the your counter part at other banks, if you all are in a syndicated deal, over recent compliance certificates and etc. So like I said naturally a way more extroverted role. I'm not really sure what the valuation career path is but at least w CB if you're smart and know how to network (extrovert) you can def find your way into a private credit fund.
Can you elaborate on going from CB to a private credit fund? Currently in CB (my title is wrong) and am looking to make the move to a private credit fund. I'm guessing they don't have a very structured recruiting process, so would the way to go be to reach out via linkedin and then build a relationship, with hopes that when a spot opens up an associate or whoever can keep you in the loop and put in a good word for you?
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