Commercial Banking or Corporate Banking?
Assume you don't want to be an investment banking hardo working 110 hours per week EVER.
If you had to choose between a career in commercial banking or a career in corporate banking, which would you choose and why?
- Pay starts at 80K All-In out of Undergrad
- Pay hits ceiling around 150K All-In as a Team/District Manager/AVP by Year 8
- Work-Life Balance means you have time for relationships, startup, 4 weeks paid vacation, benefits you can actually use.
- No compliance monitoring for /investing
- Immediate and frequent client interaction, leading the dialogue with CEOs/CFOs of MM companies.
- Can always move into corporate banking after like 6-8 years in commercial
- Pay starts at 100K All-In out of Undergrad
- Pay hits ceiling around $250K All-In as a VP by Year 7 (Who knows how long it takes to make MD and what the pay is like?)
- Work-Life Balance is less than commercial banking.. but you're out by 7-8 pm most days and rarely ever work full weekend days.
- Can only trade/invest in mutual funds and real estate.
- No client interaction aside from listening to dial-in pitches until VP+ in Year 7.
- More interesting work and financial analysis (arguably) because of larger companies
- Better Exit Opps? (Maybe?)