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1st yr IB assoc. Plan 2 move to Corp bank & bck 2 IB once things pick up. What is CB and can I move bck 2 IB

Asked by anshu2006

Posted in Switching Sectors and Investment Banking / M & A

21 Sep 2008

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Answers (6)

  • I think you would be better to work on writing coherent English without resorting to childish text-speak, before worrying about what Corporate Banking is. If people like you have managed to get (and keep) jobs in investment banking, then that really does show what an unhealthy state the financial services industry is in. In response to your question - it's difficult to know what you mean by corporate banking. I've never heard an area of banking described as corporate banking, but am happy to be corrected on this. Possibly you've got it confused with corporate broking or commercial banking? Basically, if you're still advising companies on corporate finance sorts of work - then it will be easy to move back to traditional investment banking. But if you're looking for some kind of role in a commercial lending bank, then the work is unlikely to be that relevant, and it may be much harder to move back.

    James 22 Sep 2008

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  • The above question makes no sense. Perhaps if you posed a coherent question then you would receive coherent answers to help you out. The fact that you are trying to make a move into something that you have no knowledge about starts the alarm bells ringing.

    xyz 22 Sep 2008

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  • I think that Anshu2006 may be referring to corporate fiance as opposed to M&A and advisory. If that is the case it may be possible to get back in to traditional IB... You should bear in mind that a senior role at IB is basically sales (which if you are there you would know this) whereas in corporate finance you actually have to do analysis and manage people.

    jksaid 23 Sep 2008

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  • thanks everyone for your answers. But the reason my question was so cryptic was because I wasn't allowed to use more than 110 charaters which doesn't seem to be the case anymore.

    anshu2006 23 Sep 2008

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  • anshu2006, your question makes sense. Corporate Banking is indeed one of the areas in a bank. eFinancialCareers even has a sector called Corporate Banking. HSBC, Citigroup, SocGen, UBS... all have Corporate Banking divisions. actually i'm working in CB in one of the banks. Corporate Banking is a large and important department providing commercial banking needs(e.g. commercial loans, cash management, trade finance, etc.) to corporate clients. so .. it's totally NOTHING to do with corporate finance or investment banking. The skill sets are very different. If you wish to switch back to IB after a few years in CB, I will not recommend.

    Corporate banker 24 Sep 2008

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  • by CB i would assume the role of relationship managing in the ensuing text. IMHO, it really depends on which area of CB you wish to pursue. The area most relevant to corporate finance would be large-cap corporate banking, whereby there would be a lot of cross-liasing with other segments of the bank (e.g. capital markets for hedging, DCM for bond issuances, ECM for equity and perhaps IBD for m&a). Small-midcap corporate banking (aka commercial banking) is less exciting as the debt products encompassed would normally be plain vanilla loans or overdraft facilities.

    eitook 25 Sep 2008

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