Is Commercial Banking a good career path? Many people have a very “careless” response to this question. I am going to give you a few things to think about when answering it. First, in the most basic terms, banking is a business of making loans and buying goods. Second, commercial banking a good career path because it offers you a lot of flexibility, such as the ability to work for a number of different companies.
Is Commercial Banking a good career path for me?
Is Commercial Banking a good career path? So what career do I have to choose from? Well, if you want to be a banker, you basically have two different paths to choose from commercial and investment. In a nutshell, commercial banks deal with the day-to-day banking needs of a large number of businesses, such as corporations, government agencies, and non-profit organizations.
They make loans on behalf of these businesses and distribute checks to the business owners when they receive payment. The primary focus of these types of banks is making loans to small businesses – for the purposes of expanding their businesses and their customer base.
Is Commercial Banking a good career path Choice?
Is Commercial Banking a good career path? Investment banks, however, deal with different kinds of clients. Instead of making loans directly to small businesses, they seek to provide resources that would otherwise be in their control.
These are businesses that may need additional funds, such as money to expand their operation, equipment, supplies, and more. For a bank to be considered an investment bank, it must follow a rigorous set of guidelines – including a good financial management and risk management philosophy, as well as a sound business model.
So what career path will fit my needs best? If your passion is to work directly with a private sector bank, then working in a bank’s trading department is probably a good idea. This will enable you to have direct interaction with a variety of different business activities. As well, the trading environment is relatively stable (with few ups and downs) and should give you the stability you’re looking for.
But what if you enjoy a more international perspective? A career path within international banks could be equally rewarding and exciting. Today, there are more opportunities for graduates to work internationally thanks to globalization. If you enjoy exploring, learning about, and experiencing foreign markets, then working in international banking may be a great career path for you.
Regardless of which career path you select, you can be certain that a bank job will provide stability and a good financial future. Choosing a career path that offers financial security is very important. Many people end up choosing careers that offer only temporary income. When searching for a new financial career, take a long hard look at what it is you’ll actually be doing each day.
Here are just a few of the roles I have covered on Is Commercial Banking A Good Career Path?
1. Investment Banking
- Debt Capital Markets
- Equity Capital Markets
- Leveraged Finance
- Mergers & Acquisitions
- Sales & Trading
2. Corporate Banking
- Credit Analysis
- Relationship Management
- Project Finance
- Supply Chain Finance
- International Trade Finance
3. Investment Management
- Private Equity
- Hedge Funds
- Venture Capital
- Asset Management
- Equity Research
- Quants/ Financial Engineering
4. Retail Banking
- Wealth Management/ Private banking
- Loan Officer
- Financial Planner/ Advisor
- Small Business Banking
5. Back office roles
- Internal Audit
- Fraud Risk Analyst