Commercial Banking Exit Opportunities

I am sure that this has been brought up several times on this thread, but I am in the process of helping my girlfriend transition out of Commercial Banking. She's a Credit Analyst within Corporate Banking at a mid-tier, yet large regional bank. Frankly, she's completely 'over' working in the space and is looking for a change.

Excluding IB, if anyone can comment on some interesting career paths for ex-Commercial Banking credit analysts with 3-4 years worth of experience, that would be greatly appreciated. Additionally, anything in the FinTech/Start Up world would be welcomed.

Thanks,

Phil

 

Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Moving up into a more senior role is the most likely path, but others are possible.

In the fintech/startup space, she could look into peer-to-peer lending. That space continues to develop and often looks towards people with lending backgrounds.

 

s96ahmed, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:

  • Commercial Banking Exit Opps Anyone know of what exit opps there are from a top BB commercial bank analyst program? This ... a path I might want to take as they recruit heavily frfom my school Commercial Banking ... includes doing the formal credit training. Also wondering what starting pay is as well as bonus and signing ...
  • Commercial Credit EXIT OPPS? Background: 10 months as a credit analyst at a large auto finance company (think finance ... subsidiary for Ford/BMW/Toyota, etc.) Promoted to Commercial Credit Underwriter, currently 3 months into the ... role (I pretty much assess the risk of extending lines of credit and/or providing real estate financing ...
  • Deutsche Bank 2018--- Top groups, Exit opps, Pay (Bonus)? Specifically looking for data on SA-> FT return offer rate for different groups, exit opps, top groups, and ... How is Deutsche Bank's investment banking division in NYC looking in 2018 and onwards? ... how have the analyst's bonuses been in the last couple of years? Thanks guys Edit: At this point, ...
  • Why the focus on exit opps? most did. Was starving on 100% commission and no advance. had the lights shut off at home. You get the ... drill. So my question is, why are so many bankers hyper focused on exit opportunities? It seems to me you ... until you're a leader and have others to do the grind. If the answer is you really want to be at ...
  • Commercial Credit Analyst Exit Opportunities I am a commercial credit analyst with almost 2 years of experience at a regional level commercial ... bank and am interested in exit opportunities. I am set to take the Level 1 CFA Exam in less than ...
  • Working at one of the top three rating agencies (salary, hours, responsibilities, reputation, exit opps) asset managers are specialized on bonds, can you get a job as a credit analyst at a mayor asset manager ... with prior experience in credit rating? or do they prefer to hire analysts from investment banks? also, ... the learning curve steep? what can you expect to earn? how are the exit opportunities? Since many ...
  • Commercial Bank Credit Analyst vs. Spring Recruiting post MBA at this point) I'm pretty worried that credit analyst/RM in commercial banking is going ... Friends, I have a second round phone interview with a big brand commercial bank for a credit ... place well?)-Exit Ops-Long-term career attractiveness for credit analyst/relationship manager (would ...
  • More suggestions...

No promises, but sometimes if we mention a user, they will share their wisdom: Mrodrigues1991 Eric-Hanek Aditya-Bansal

If those topics were completely useless, don't blame me, blame my programmers...

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Do you know how big the credit union is in terms of asset size? What position would you be filling at the firm?

Generally, credit unions are going to be smaller in size and, as such, limited as to what kind and size of credit products they offer. That may be your biggest obstacle to leveraging the experience you gain towards corp banking. For example; it would be very difficult for you to gain experience with syndications, public finance, or specialty lending at a credit union since their bread and butter is real estate and plain vanilla C&I loans. Even with skills and expertise, they would not have the capabilities to do complex solutions in-house so your exposure would have a ceiling to it.

"And where we had thought to be alone we shall be with all the world"
 

^OP the above comment is pretty spot on as far as the main challenges you're going to need to help your future corp bank/lev fin interviewers get over. The bigger the dollar amount and the more complex the transactional experience you can gain, the better (again the CFA will definitely help with that as well). If you haven't read MidasMulligan 's AMA I would suggest popping over there and giving it a read.

 
Best Response

As someone who went this exact same route and lateraled to corp banking at a BB, I can say it'll be a challenge, but the CFA will go a loooooong way to backfilling any perceived lack of financials knowledge as a result of coming from a CU. Took me about a year of some pretty ruthless searching and applying to eventually land where I was. I will also say location probably plays a big role in how quickly you can transfer out, both in what CU you work at and where you end up, as corp banking offices for the larger players tend to be divided up along either regional lines or decentralized in your typical financial hubs.

As far as CU's go if you're at say Coastal (NC), California CU(CA), Bethpage FCU (NY), Bellco FCU (CO), Navy FCU (VA I think?), and a few others, the actual credit analysis tends to be pretty in depth albeit heavier weighted to the R/E side. As long as your place has over $1Bn in assets you should be fine. Feel free to PM me if you want.

 

Sit ratione eos ut temporibus ex ut neque. Aut mollitia maiores explicabo. Quidem est iusto ducimus non. Voluptas repudiandae consequatur ea quo numquam. Consequatur maiores earum harum mollitia. Adipisci ut eum commodi fugiat eum velit esse corporis. Temporibus in officia explicabo accusantium repellendus est.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”