Is Corporate Banking that much worse than IB?
About a week ago there was that post about the efficiency of professional careers market, specifically in finance. It touched on corporate banking, but from what I've heard I still think it might be underrated. The base salary is only slightly less than IB and even though the bonus is at worst one fourth the percentage of an IB bonus, the hours might more than make up for it. And it's still a career that offers advancement up to the mid-six figures. What's more, if it's what you get stuck with out of college, you have the opportunity to transition to IB pretty quickly. I read somewhere that further down the line you can use it to get Treasury roles inor maybe / .
Maybe it shouldn't be compared to IB and instead to Corporate Finance or consulting. Jumping into corporate finance means slow career progression and low bonuses, but you might be working the 60 hours a week that you'd be working in Corporate Banking. Consulting offers rapid career progression, supposedly, but you will be making less and working more compared to CB until you get higher up or get an exit opp. To me, when you take the Investment Banking comparison out of the picture, Corporate Banking seems like a really good deal.
Am I missing something?