No one would like to enter/stay in Commercial banking? : 2009 - 2014 Archive
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# No one would like to enter/stay in Commercial banking?

Author Message
Intern
Joined: 12 Jul 2012
Posts: 6
GMAT 1: 710 Q49 V38
WE: Corporate Finance (Commercial Banking)
Followers: 0

Kudos [?]: 5 [0], given: 0

No one would like to enter/stay in Commercial banking? [#permalink]

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13 Jul 2012, 01:30
I have worked in Commercial banking ( I mean corporate finance) for more than 5 years
I find it is still interesting especially when you meet different people involved in different industries.
Everytime I leaned the new field/product, I feel exciting and really want to know how the company operates
and how can bank sell products to them.

However I still fond that few post-MBA chose to enter this area but rather to IB
I do not know why CB is the place never been attractive?
How do you think?
Manager
Joined: 27 Apr 2008
Posts: 190
Followers: 1

Kudos [?]: 77 [0], given: 1

Re: No one would like to enter/stay in Commercial banking? [#permalink]

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14 Jul 2012, 09:43
because the pay isn't anywhere close to IB
Intern
Joined: 12 Jul 2012
Posts: 6
GMAT 1: 710 Q49 V38
WE: Corporate Finance (Commercial Banking)
Followers: 0

Kudos [?]: 5 [0], given: 0

Re: No one would like to enter/stay in Commercial banking? [#permalink]

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15 Jul 2012, 03:46
mrblack wrote:
because the pay isn't anywhere close to IB

But obviously not all can suffer from the workload of IB~~
VP
Joined: 11 Dec 2006
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Location: New York, NY
Schools: NYU Stern 2009
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Re: No one would like to enter/stay in Commercial banking? [#permalink]

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26 Jul 2012, 17:20
There are people who go into the commercial bank mgmt programs, but they are not the type who talk about themselves all the time. IB is a business of many egos, desirable to lots of people who love talking about what they want to do and how they are into the challenge and not the money. Though when the money goes, like the past few years, you suddenly notice way less people applying to do I-Banking.

Also, you overlook that this is only the first step out of business school. A fair percentage of people go in to IB for the 'exit opportunities', which is akin to saying they can't see how they could do banking for more than three years without going crazy.

Anyway - Commercial Banking is much more of a long term, stable career move, which is way less popular as a business school direction change than those that promise wealth and prestige.
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Re: No one would like to enter/stay in Commercial banking?   [#permalink] 26 Jul 2012, 17:20
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# No one would like to enter/stay in Commercial banking?

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