Exit Opportunities from Commercial Banking
I am currently working as a portfolio manager/senior underwriter for a large regional bank in the commercial group focusing on companies with greater than $50MM in annual revenue and have 5 years of commercial banking experience. I was originally hired into a Relationship manager training program that was cut as part of an expense reduction. The company has reorganized and opportunities in smaller markets like Austin have evaporated. I'm currently questioning whether or not this is a good time to get out of the industry but I'm not sure what my options are outside of another number crunching role. Ideally I would like to be in position where I can engage in a variety of different situations and not just crunch numbers.
I currently make ~$80k base + bonus and I am looking to try to move into a role with more upward potential and more interesting work. Additionally, I am pursuing a part-time mba program (current job pays majority of cost) with an anticipated graduation date of Dec 2018.
I think I would like working in the tech industry with a more laid back environment (no shirt/tie) where job roles are less concrete. I would also like to relocate back to Colorado post MBA. It seems like banking jobs are being centralized to major cities like Chicago, NYC, Dallas, Houston, etc. I would like to be in a role that has upward mobility without having to live in one of the major cities.
TLDR Summary:
-Commercial Underwriter/portfolio manager looking to leave commercial banking industry
-Pursuing part-time company subsidized mba program
-Interested in Tech as it seems like there are opportunities in smaller cities
-No idea what to target as far as networking alumni
not sure how you should go about moving into tech, here's a thread discussing exit ops https://www.wallstreetoasis.com/forums/commercial-banking-exit-opps
Commercial Banking exit ops (Originally Posted: 01/26/2018)
I'm deciding between two offers, the first - a financial analyst role at a bank holding company ($2.3B in Assets) - and the second - a business specialist rotational role with hopes to go corporate finance then corporate development at Cerner. First one pays around $20k better. Long-term, I'd like to do Venture Capital/Private Equity, which is why I value the modeling/M&A experience of the first role. I recently graduated with my MBA and worked in wealth management before (2 years out of undergrad) as an analyst and helped run some portfolios. Also, hoping for IB experience but tougher to explain given my non-traditional background. Thoughts as to the best route to VC/PE. Thanks
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