Hey there, corporate bankers! 👋 How do you like your job? Is the work-life balance manageable? What about the pay – is it fair for the work you do? And what is your day-to-day routine like? I’m really interested to know more about your experiences in this field!
Here are a few possible solutions to common challenges in corporate banking that might benefit others in the industry:
– Utilize time management tools to help prioritize tasks and improve work-life balance.
– Negotiate salary increases or bonuses based on your performance and contributions to the company.
– Implement a structured daily routine that includes time for both work tasks and personal relaxation or hobbies.
I can’t wait to hear your insights and tips on how to thrive in the world of corporate banking! Let’s start a conversation and share our knowledge 💼💡 #BankingTips #CorporateWorld #CareerAdvice
Easily the best job in the world at the junior levels. Most my week is spent in sales force or responding to some low level inquiries. Please note I’m on the RM side credit may be different.
Maybe work 5-10 hours a week(time required to be infront of the laptop.)
One of the best jobs in finance on the relationship side. Decent amount of travel but not too much. I’m in the $350-550k range depending on the year. Maybe 10 hours of work a week.
My group sits with IB. It sucks, but not as bad as IB
As a first year expect ~$110-$150k total comp 50-70hrs a week assuming your group is busy.
Depends on credit/lending side, as well as bank size/vertical. Some have heavy M&A activity and are working 60+ hour weeks. In my experience most on corporate lending side are 40-50 hrs a week, credit about 30-40. Upper MM range on lending is 25-45 a week, MM credit 20-35. All just my experience at a super regional.
In large banks where the group sits with IB, WLB is bad at junior level, though not IB-bad. It can exceptionally get _really_ bad though.
Comp in these groups is typically very good. The difference with IB would be mostly around bonuses – but just to give you an idea, it is customary to clear 200k TC as an Associate in Europe with tier 1 banks.
Overall, it is one of the best career gigs, provided you pick the right bank.
Will share previous comment on another post:
Disclaimer: Jr corp banker with ~1 year or so in the job.
Day-to-day work may vary depending on the type of deal and client. That being said, most of the work we do as a jr bankers includes building ppt presentations and coordinating product teams.
The two most common types of presentations we make are:
1. Company / industry presentations: Pretty self explanatory – but instead of focusing on M&A or valuation like you would in IB (advisory), there’s more emphasis on debt/leverage
2. Investment / lending committee presentations: In order to provide financing to a company, corp bankers must first get approval from credit and the internal investment committee. These slide decks typically include an overview of the credit facility, the company / industry, and the cross-product opportunities that might come out of the financing (ie. you lend to a business with the hope of being mandated for their next bond issuance, etc)
When it comes to coordinating product teams, it’s important to note that coverage bankers are the point of contact for many of the clients’ needs and issues – regardless of them being credit-related or not. This means a company might send the corp banker a request for proposal (or RFP) for a FX derivatives line or an interest bearing deposit account – among other products.
Regarding models and the like, we usually work with loan return models – which, as the name implies, measure the profitability of a credit facility and the ancillary products that might come with it. 3-statement models are not very common (with the exception of a couple of coverage groups) since they’re mostly used for high yield transactions.
With respect to hours, analysts and associates in my team probably average around ~65 hours per week. This is on the higher end of corporate banking mainly due to the fact that we have quite a lot of deal flow.
^ Experience will probably vary significantly depending on the bank and coverage group / team.