What would you choose between Corporate Banking in a large European commercial bank and Corporate Finance in a Big 4?
In terms of salary, career prospects and work/life balance.
The Corporate Banking job is about syndicated loans, cash management, trade finance solutions for international corporates (i.e. large companies). In a commercial bank, not a BB investment bank.
The Corporate Finance job is about valuation, due diligence,... for small and medium-sized companies.
Thanks!
What do you want to do in 3-5 years?
The corporate finance job will leave more doors open for you if you are ultimately looking to lateral into IB, and later PE.
However, if you're looking for a cushy corporate gig with solid work / life balance, above average pay, an overall comfortable lifestyle - the corporate banking role fits the bill. Exits into IB, PE, strong lev fin / credit funds will be very limited without a strong network.
Hey,
I am actually more interested by a long-term job, i.e. I would consider staying in either the Big 4 or in the bank, getting more responsibilities. There are not many Investment Banking and especially Private Equity opportunities in my city, and I would not consider working abroad.
What would be the difference in terms of salary and work/life balance among the two options (Big 4 - Commercial bank). I think Big 4 would be more demanding, but what about salary?
Do you finally think I could move from Corporate Banking to Private Banking at some point in time?
Thank you again!
Regards
This is good advice. LMM PE is even doable from Big4 - make sure its in a local financial centre though - ie London/Paris/Milan/Frankfurt/Zurich etc
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