Wells Fargo Corporate and Commercial Banking
Hi Guys,
I was looking at Wells Fargo's Corporate and Commercial Banking division. Is this an I-Banking unit? If not, which department is it part of?
thanks.
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No, it's not investment banking... it's corporate and commercial banking.
http://en.wikipedia.org/wiki/Corporate_banking
Imagine your local Wells Fargo which does checks, deposits, CD's, etc. for your local townspeople. Now imagine a Wells Fargo that does that for businesses. Basically, that's corporate banking. Quite different from the kinds of M&A and underwriting that goes on in IBD.
... Yeah, I wouldn't expect to be making the IBD-typical $125-135k your first year.
in large banks, the corporate banking division usually works directly with the underwriting/syndication group. it's heavy credit analysis (including documentation). aside from pricing, the skills you'll develop in that group aren't much different than underwriting.
it's different than investment banking. that said, it's not like you're a bank teller.
I have been selected for an interview with this group for SA. Are the skills transferable to IB? I've seen practicing for IB interviews . How do I get the point across that I want this position?
4 years later....bump
What do you want to know about it?
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