What Are The Career Prospects in Corporate Banking?April 4, 2019
Corporate banking is a fantastic field for dynamic, driven individuals who have a passion for numbers. In this article, we try to outline the various career choices available in corporate banking.
Corporate banking is commonly known as business banking, and it deals with corporate customers whereas retail banking focuses predominantly on individuals. Everyone from small to large businesses avails their financial services from corporate banking companies. One of the best things about joining the corporate banking workforce is that there is no niche skill set that needs to be acquired in order to thrive in this field. Those with an undergraduate degree can get a certification in investment banking course and can pursue a career in the field.
Jobs in this industry are highly prestigious and require individuals who are hardworking, smart and ambitious. It is challenging, and one gets to work with the best of talent in the financial sector. These career opportunities in corporate banking are also high salaries roles which means that one can look forward to a luxurious and comfortable lifestyle. One of the best things about corporate banking is the fact that one can learn different types of functions on a rotational basis within an organization before specializing in one.
There are many career options that one can consider after finishing a course in investment banking training.
One of the largest job opportunities in corporate banking is investment banking. Enabling companies to understand the financial attributes of their business including how much capital to raise, how to manage their assets and also look into mergers and acquisitions is something that investment bankers do. Anyone with the right qualification, hard work and passion can pursue a career in investment banking.
Just like in retail banking, corporate banking also requires individuals who have good communications skills and can build lasting relationships with clients. A relationship manager in corporate banking is responsible for acquiring, retaining and ensuring customer success. For example, an associate corporate banker who is looking to take on additional responsibilities can establish a strong relationship with the client and upsell the additional services provided by corporate banks.
The stock market and trading can be another option in corporate banking. It is a high risk and high-pressure job which one can pursue and achieve great rewards. Individuals who have pursued investment banking training can also work in the stock market.
Auditing is the process of organizing a company’s financial records and makes sure that the board is aware of everything. If one is organized, methodical and can thrive in a high-pressure environment, then auditing is an option for you. Auditors have a deep knowledge of the companies workings and are able to provide strategic inputs when it comes to taking business decisions thereby aiding the success and growth of a company.
Corporate banking has many different career paths that one can pursue in order to accomplish a successful career trajectory.