Commercial banker here. I would love a commercial banking forum on WSO. There are a lot of intermixed comments on CB in the other forums because they don't have a home for them. I saw a thread topic from 2012 on the idea of starting a CB forum but it didn't get traction. What do you guys think? Are there enough CB'ers here to make it happen?
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I think it's a good idea. I work in a mix of commercial and real estate banking, so it'd be nice to be able to connect and learn from others in a similar field.
As someone who's currently trying to get into the field, I would love to see a dedicated forum to it.
What are you trying to get into?
Currently considering a career in commercial banking.
In my (limited) experience, there's a pretty well traveled career path. There are 2 sides to CB, credit and sales. Some banks allow more switching than others. If you go into CB at a BB, you'll likely start off as a credit analyst, progress for 2-3 years until you become a portfolio manager. If you want to go the sales route, let it be known early. Instead of the PM position, you'll go into a relationship manager track.
CA - starting 65-70k/year in low COL area. small signing bonus. 8-15% year end bonus
PM- starting 90-110k in low COL area (no data on bonuses)
RM- starting 100-120k in low COL area (no data on bonuses)
Hope that helps with your decision making.
Obligatory "this is Wall St. Oasis, not Peachtree St. Oasis" /s
We're just a bunch of redheaded step children looking for a home...
A CB forum before a quant finance forum would be equivalent to pursuing blimp technology over jet engines. In other words, it'll probably happen.
That would mean that quants are going to take over CB and make them obsolete. From the quants that I've met, you don't want them in front of customers. I think quants and CB are more like froyo and ice cream. Ones newer and hip with the kids while the other has been around forever and is more fattening.
Real Estate Banker here, so close enough. You know how it is, there is always pressure to cross sell so a place to learn more about commercial banking in general would be great.
Commercial banking is to the WNBA as Investment Banking is to the NBA
BB and Upper MM. Everyone else is just basketball.
Thanks
I support this - but let’s call it the ‘lending’ forum, or the ‘commercial lending’ forum.
It can encompass everything from direct lending, to CRE lending, and more traditional commercial banking (small business, middle market, corporate banking, etc).
After all, it’s not uncommon for different types of lenders to jump across product/niche types. You might have a MM commercial credit analyst at a regional bank go to a direct lending shop, or a CRE bank lender jump to a CRE debt fund.
My background is in FIG IB, but I’m now on the debt side. I’d love to see this on WSO.
I think the PE forum is more about recruiting for PE and generally life on the principal side, versus anything particularly debt focused. The IB forum is also probably the wrong place for commercial bankers to peruse, as there’s just a different mindset there.
Good post. Good luck. Subscribed.
Commercial Banking
Venture Capital
As there management consulting forum having "Law" can also be interesting
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