Why corporate banking instead of investment banking?

Technical questions will not deviate all that far from manySAbasics. Will sprinkle in debt focus on "creditworthiness". What's makes a good borrower? (collateral, cash flow, etc.) Questions around what would reduce/increase risk in lending situations. May get into borrowing base, working capital, cash flow related questions, and that would be extremely technical for a college interview.

As for "why corporate banking" you need to fully contemplate the DIFFERENCES betweenIBand CB and then if you really want to do this, come up with why fueling the activities of companies (acquisitions, capex, special projects, short term capital) is more appealing than the headliner events of advising on M&A or sellouts/buyouts.

免责声明：不是在CB中，而是想在那里过渡，所以问自己一样吗？

Correct me if I'm wrong, but I believe that corporate banking focuses a lot more on the relationship aspect. ie. the company you're covering wants to raise X amount to finance a new building -> go to corporate banker -> corporate banker connects them with appropriate team. Think it might be a good idea to talk about how you like making relationships and helping clients achieve their goals as well as working with various business groups within the bank.

That's really high level..but hope it helps.

Haha you won't be handling any relationships as an analyst trust me. When you think of corporate banking just think of the "revolver" on the balance sheet. That's pretty much the portion of theBSthat the corporate banking department is in charge of.

There is a wide range of corporate banking roles, but my understanding of it is that it comes down to where the money originates from.IBmeans any funds will come client side and external to the bank, whereas corporate banking will handle funds from the firms own balance sheet. The upshot is that there is a great deal more emphasis of risk management and credit analysis.

I'm no corporate banker, so please correct me if someone is in a better position to comment.

Corporate banking is just a anorexic version of leveraged finance so just prep as you would for LevFin and you'll be good to go (except the Why CB part)

Different banks run their CB groups differently. One place might have you doing borrowing bases for an ABL, other places might be providing more senior term loans.JPMCorp banking will be different than say PNC Corp banking. Think different levels of sophistication, etc.

I'd know credit basics, know how ABL revolvers work, try and find out the space the bank you are interviewing for operates in. Stuff like that.

I'm an analyst in Corporate and Commercial Banking. It is a super regional bank in the U.S but has a huge Europe and South American presence. What everyone has said is more or less correct. In my group bigger deals actually require less analysis and work as they are usually syndicated, which is less work because you take it or leave it as is. Commercial and middle market banking is a great place to learn and get credit analysis experience. It is very different from the corporate finance topics you see onWSO。它不会为你提供技术技能orIBbut you will most likely still learn a lot. You won't be dealing with relationships. Typically lenders and team leads deal with 98% of client interaction. You can PM me if you have more questions.

Corp banking over IBD:
1. Long term career potential - not much of an "up and out" culture like inIBD。As long as you are competent you can move into an associate role after your 3rd year in most places, you won't need to go back for anMBAto advance. Also to get from associate to VP in the credit path you won't need to be able to generate business to move up as you would inIBD

2. Better hours / work life balance

3. You manage risk if that is something you are interested in, the spread on senior bank debt is low so you need to be careful when making a decision as you will have to originate a huge multiple of your loss in new money just to be able to cover it

4. You develop a solid foundation in cash flow analysis & learn about collateral (depending if it is ABL group or middle market lending vs. large corporate)

5. Corp banking is very relationship focused

6. Ability to move from client management/credit/risk so you can have a very varied career depending on how you position yourself and what your interests are

7. Can be a generalist or cover industry vertical depending on what group you are in

Great thread on corporate banking. Because we have may people posting here that are currently in the industry- how much better is the work life balance? Also, what does the pay look like at the senior level?

It will depend on the bank. I believe Citi's corporate bank focuses on loans and some debt and has better hours than theIB。

如果我在过去一周的面试前阅读，那将是有用的。

不过，很好的信息

Given that I am not inIBD我不能直接评论像平衡之类的工作之间的区别，但是在我的小组中，大多数人每天晚上六个或三天都可以在门外出门，或者您可以在整个晚上到九或十个一周，仍然必须在周末进来。这取决于小组和交易流。更宽松的工作生活平衡的好处是，很容易脱颖而出，而只是工作一些同事。通过我小组流通的90％交易的普遍情绪是“它可以等到明天”。

n1cktm and explosions09 are correct that there is a relationship focus, which is centered around the lender or relationship manager who has a portfolio to monitor and manage. Some lenders have portfolios that are too large from them to handle which is where Relationship Associates or Junior Lenders come in. At some banks they are glorified assistants.

As far as compensation goes, there is a lot of long term potential to make >$100K base + bonus in a back office position. (Bare in mind I'm in Texas not NYC) It just takes some time to work up to that level. If you want to do a back office role or be a career analyst you will hit that limit and not be able to make much more, but there are a lot of back office positions that require analysis and a take macro-approach to bank management that most people don't know exist, which has the potential to bring home a very good paycheck. It is my understanding that a lot of lender compensation is around their bonus, which is similar to commission, but they also have a solid base. Lenders in my opinion are similar to door-to-door sales reps. Their life centers around customer calls and going out and pounding the pavement. Some banks will hire lenders with very little technical or accounting knowledge.

Why corporate banking(Originally Posted: 02/11/2015)

What does corporate banking entail?

In a corporate banking group you really get to know the companies in your portfolio. It's transaction based, but you are constantly revisiting these companies as they grow (or become distressed at times) and need their credit facility amended, upsized, etc. Each time this happens you have to go through a whole analysis of the company both on a historical basis and a pro forma basis for what has changed.

My advice would be this: In an investment banking role, you pretty much know what you're going to get. However in corporate banking, I think there's a vast difference in the type of experience you can have. Getting into an industry group in which you're working with large private, small and mid-cap, non-investment grade companies is the most beneficial experience in my opinion (opposed to large cap investment grade entities in which the analysis and structuring is pretty straight forward and relatively risk-less).

It's also beneficial to be at a bank where your counter-parties in leveraged finance /DCMare very active and prominent. This provides opportunities to work in conjunction with them on big underwrites when the your bank is a lead arranger. They often will lean on you to get approval to underwrite a high % or maybe even all of the credit part of the debt package in an acquisition.

Most well known corporate banking products are term loans, revolving lines of credit, syndicated loans w. multiple arrangers. You also have ABL facilities, bridge loans, etc.

公司之间也有区别。银行BBvs. corp. banking at aMM/regional bank.
1. Client Size - Corp banking at aBBdeals with companies with revenues of 1bn+ whereas corp. banking at aMM, clients will start at 200MM+. Basically, the middle market/commercial banking division of aBBwill handle the type of clientsMMcorporate banking will have.
2. Pay - Corp banking that is housed withIBD(i.e. Corporate & Investment Banking) will typically have same base asIBD。Bonus will be 20-30%. Corp banking separate fromIBDmay have smaller base salary but shouldn't be below 65k.

Although theMM公司银行迎合适合商业银行业务范围的客户BB, corp banking at aMMwill still be more lucrative than commercial banking at aBB。

CB的好处是它具有明确的职业道路，您可以使它过去的同事而无需回去MBAto be able to wine and dine clients. In Cb there are two main career paths - relationship management (sales) and credit.

"Why Corporate Banking?"(Originally Posted: 10/25/2015)

Hey guys. Have an interview coming up for corporate banking with a super regional.

I know a very important question for investment banking is "why investment banking?" It's a simple, yet vital question and there's quite a bit of info out there on how to answer it. What's the best way to answer this question in regards to corporate banking, though?

I have worked in both so i will opine.

In my opinion, what i did inIBwas much more interesting. You truly modeled a company's financials out and understood a lot more. In CB, they usually break out into two tracks: credit analysis and relationship management. The credit analysts all want to move into an RM role and are often interchangeable with little career growth. Credit analysis is not like at aFI基金。通常，您使用一些专有银行系统并更新样板备忘录。实际上，我认为我只遇到了一位能够进行3条声明的信用分析师链接财务预测，那是他做了CFA。RM一边你赚很多pitchbooks在哪儿e you incorporate work from other product groups. You feel as if there is little in terms of true finance. There was a Director I hated who made seven figures one year and he came over to me after I finished theCFAto tell me you don't need to know finance to be a "banker". If you are an associate you will attend client pitches and see just how sales focused it is. You need to work hand in hand with the loan groups mainly (syndications, lev fin, loan capital markets, etc.) as well as other product groups likeDCMorECMor whomever to present their ideas but they are the ones who do the analysis and often feed you slides for your pitchbook. Over time you start to understand the game....you know when revolvers and term loans or big bonds are due and start pitching 1.5 years in advance to get a piece of the book or to lead it. Bigger banks use their balance sheets to get investment banking and ancillary product business (i.e. Bonds). The revolvers and term loans are either bilateral and on the bank's books or syndicated out. When you are a senior associate RM you start to have more client interaction and by the time you are a VP you will be getting smaller names for your "portfolio" to call on and pitch to. And my experience stops at the VP level.

Your schedule is much much better than inIBand you have more of a voice with quicker progression, but it isnt about finance in my opinion as much as it is about sales. It also attracts people who care about having families that they actually get to see and there were more women in CB thanIB。If you are in a good group, you will travel frequently though.