If you’re interested in starting your career in corporate banking. Keep reading for tips on how to get the corporate banking jobs you want and find success once you start it. Corporate Banking Job involve selling banking services to corporations rather than individuals. The products and services you’ll sell are more sophisticated and geared toward businesses with at least several million dollars in assets.
How Do I Get Into This Field?
While there are no formal requirements for a Corporate Banking Job. You’ll need to have a bachelor’s degree in a subject such as finance or accounting. Earning a can also make you more marketable in your search for a banking job. Your experience is just as necessary as your education level. Many banks expect you to have at least three years of relevant work experience, including everything from internships to freelance writing gigs.
It would help if you established Vault Investment Banking connections within your desired field. Try getting involved with student organizations while still in school or developing industry contacts through freelance work and personal connections. If you’re still a student, there are plenty of ways to gain experience that could help you land a Corporate Banking Jobs. You can start with an internship opportunity you can find. Which will give you hands-on experience and valuable connections in your industry.
Depending on your desired career path, you may also be able to get internships or other work through organizations like Rotary International. Another option is to get involved with freelance writing gigs: They provide good writing practice and help build your portfolio. They can also be references for future job applications or even lead to paid writing gigs. Once you’ve finished school, finding an entry-level job won’t be easy if you don’t have at least three years of relevant work experience.
What Does a Typical Day Look Like?
A lot of Corporate Banking Jobs involve meeting with current and potential clients. These meetings can be formal or informal, but they’re usually structured around transactions that are either already completed or are still in progress. You might attend a bank-hosted conference or training seminar involving other company representatives. You might help a client complete a transaction. How you spend your day depends on where you work and what kind of bank you work for, but most days will involve at least some face time with clients and colleagues.
You’ll need to be confident in your product knowledge and very detail-oriented. Often, transactions are complex and involve a lot of money. You must understand all of the different pieces involved so you can help clients make informed decisions. Analytical ability is also required; you must evaluate information quickly and accurately to ensure your Corporate Banking Jobs meet or exceed client expectations every time. You may perform administrative duties like recordkeeping or filing, but only because these are crucial for helping your bank run smoothly and safely.
The term starting salary is a bit misleading regarding Corporate Banking Jobs. Many bank employees start at entry-level positions and work their way up. But even so, given that many candidates with experience in another field can earn more than new grads, novices should still be able to break into the industry. Naturally, these numbers fluctuate based on company size and industry standing variables.
The average salary for Corporate Banking Jobs tends to vary based on candidate experience and location factors. Most salaries are in the five-figure range, with some outliers pushing into six-figure territory, but there’s no guarantee. Some candidates make less than others despite having similar work histories and educational backgrounds. Entry-level positions are likely to earn high performers. These numbers will vary from company to company and city to city.
In New York City, for example, candidates could easily earn up to twice what their counterparts in Nashville earn after a year or two of experience with a large bank or financial institution. The value of your specific paycheck is also contingent on whether you accept annual bonuses.