Commercial banking interview reddit

Commercial banking interview reddit. Corporate banking deals range from $100MM+ and the companies may be private or public. ca/products commercial banking summer analyst technical questions. Eh just kind of spitballing here, but I would say you are good for $75-$85k base. So my only option was to do the interview during work-time on my lunch. If you guys have done them, are they the same level of difficulty as the questions in the practice questions area? My numerical reasoning isn't great, but the questions in the lloyds practice don't seem too hard so I just want to know. I have an interview tomorrow and I have a really good understanding of the three main financial statements, what they tell you, how to read them etc. Banker seems fit for customer services, sales, goals just like my current job. Learning how to read financial statements, calculate risk ratings, put together and present credit memos to your Risk Committee, build financial models, participate in diligence calls with management teams, and gaining a deep understanding of credit agreements are skills that translate to nearly every other role in finance. Would it be purely behavioural or should I expect technical questions relating to banking/economics trends? Career Path in Commercial Banking. Personal banker is entry level or a slight step above at most banks. Depends on your role. I have a phone interview scheduled later this week with Chase as I've been applying to many teller positions, I've heard good things about Chase and RBFCU specifically. Now, without further ado, here is my recommended 2-week (14 day) study plan: Days 1 – 5: Baseline Technical Preparation: The 400 Investment Banking Questions REgards. The main two skills required are (1) analytics and (2) sales/relationship management. And being in a commercial bank helps me learn about the credit and client side of the role. 4. Interested in hearing if anyone has any insight or can shed some light to corporate banking salaries from analyst to VP+. • 1 yr. The reasoning is you need to have a sold background in credit; ie when you meet with clients you need to understand their operations and what kind of structure will work the best. Commercial banking also includes services such as checks and credit cards that corporate bankers do not offer. From there, the clearest path is to stay in retail, make it to branch manager, then move up to regional manager, and climb the retail chain from there. Sell side handbook has a great corporate banking interview questions page. From home zoom. This is a wide-open commercial banking interview question. From current and previous candidates I wanted to find out what should I Expect in all three JP Morgan Commercial Banker Associate Interview - Middle Market. The first interview is more about basic behaviour questions, such as why commercial bank, why CIBC. Essentially they're both corporate banking roles but one of them has a Consumer & Retail focus and the other one is Real Estate (my background is in real estate management/investments for my family rental real estate portfolio & 2 years of junior/entry level corporate Hey I just started a job but I got an interview for another job I like more. Behavioral, the most technical thing I’ve ever heard asked was what are the three financial statements. The first interview was with a recruiter. Agree with everything here. Will note that it’s easier transitioning at a junior level. Or if you are in some kind of back-office job and want to transition to the front office, forget that any alphabet-soup combination of letters you can ever add to your CV will ever make much of a difference. Curious about both career’s potential compensation, work/life balance, and exit . Even though this is more of a finance position and I’m an analytics major, I’m still really excited since I’ve heard from others on here that commercial banking has great pay Commercial credit for a small bank you are making a decent salary starting out $40k-$50k for community bank and maybe a bit more at a larger bank as part of a branch. I know that the basics of commercial banking is solving company's short-term funding needs and using ratio analysis such as current ratio and quick ratio. I have thankfully been able to get through the first two rounds and have a final round with the Market Vice President coming up and would greatly appreciate any tips or Usually start out as a credit analyst or underwriter. financekid. Commercial banking interview will probably focus more on the foundation accounting stuff. If you work at a large bank they are probably looking Hi there, I am an upcoming Masters in Finance graduate (August) who is currently in the interview process for a Commercial Banking Associate position at CIBC in Toronto. The group is growing rapidly and there could be opportunity for growth Oct 2025 to Director. I’ve been interning at a BB in Corporate Banking this summer and I thought I would provide some insight to my experience as many people here seem to wonder what CB is all about. As for The Ops role Award. The problem is that i finished 3 rounds of interviews with bank B and it's really promising while only did 1 round with bank A. Hi all, I networked with a vp from bank A and a relationship manager from bank B, they both showed real interest in me and were helping me throughout the interview process. Hi, I have interviews for the role mentioned above coming up and wondering if anyone has tips on how to prepare for it. Any advice would be of great help!! Thanks! The job market is tough dbrowne3. CIBC Finance Summer Intern Interview. This past summer I interned at an asset management firm and from it I realized I was super interested in the overall credit markets. Yep! Pretty much exactly. Award. • 6 yr. At my bank candidates are given materials 24 hours in advance of the interview to prepare for the case. I worked at a regional bank in a major city and it was 55k, but others in the area were closer to 65k. -great culture -not high pressured like IB -Being an RM rather than an analyst or PM is where the gravy trains at imo. -Pay and bonuses are structured well imo. , and I have one YOE working for a holding company that manufactured and sold other auto parts companies. Everything else can be picked up on the job. A question so simple, yet I’m having trouble finding a solid response without sounding like I’m in it for the money. J. Sort by: LongIslandIcedTE. Hey guys, So I was fortunate enough to get to a Super Day for JPMorgan Chase; I feel like I did really well with all the technicals (I was told they were correct during the interview) and just OK on the behavioral questions, gave my honest and genuine answers to those. I would emphasize WHY you are interested in commercial lending. It looks like they service a wide range of industries. Get app Get the Reddit app Log In Log in to Reddit. Looking for some Advice. Hi guys, I have an interview with a Canadian bank coming up this week and am looking for some tips/advice. I’ve received several DM’s and always happy to answer questions. IB and PE is cutthroat as it gets on top of the hours. Hi everyone, I just received an offer from a pretty well known bank (Ex. Started in an ops internship, turned it into a commercial banking credit program at another one of the Big 4 Banks (Citi, JPM, WF, BofA). To start the general progression to and RM role is credit analyst => portfolio manager => RM. Interview Advice. You then get to apply/choose a full-time position on any team within the bank after the 3 rotations, but typically people go back to 1 of the 3 teams they did a rotation with. The bank has around $50b in assets. I've been a strong student academically, studying Econ, Stats, and History, but admittedly lack an understanding of finance I anticipate my peers may have. Hey Guys! I am a current senior and am on the hunt for a career in finance. Career growth is good overall, but it depends on what your long term goals are. Easy stuff. Plan your career in the wide world of finance. I wouldn't have taken a job in California but I figured I needed the interview practice so I said "sure, whatever". The company is usually privately held. They asked standard behavioral questions and vetted my background in economics (I was also an economics major). If anybody would be willing to give any advice If referrals and sales is a major component, ask something to the effects of, Part of this role is to help develop and deepen relationships with our customers, tell me about a time you were able to do that in another role. First off commercial banking is a great career choice. I have my first real interview for a Commercial and Private Banking internship coming up on Tuesday. know a dcf and know the things that are affecting your market (local news and legislature). There are anywhere between 3-5 questions per interview and you get 3 tries to record This guide is not for you if you are interviewing for consulting, asset management, private wealth management, corporate banking, commercial banking, direct / commercial lending. It was in the airline industry. 1. This last one I got from my old manager. This one was by far the most difficult, but still not terrible. I studied probably 10-15 hours for that one. The types of questions you should expect are mostly behavioral (related to how you work, collaborate) and you get either 1:30 or 3:00 minutes per question. wells, BOFA, Truist) as a credit analyst and I’ll be working with loans from various industries with amounts ranging from 5m-1b. it's more like tech questions. Joseph4855. Hi, I recently received a digital interview from BMO for the Personal and Business Banking Development Program (New grad). Don’t sweat it though. Financial Planner. A place to discuss the in and outs of banking. Hi guys, the CBCA is another course offered by the CFI, similar to the FMVA. Commercial Banking Recruitment General Timeline. JPM has a corporate banking group in the commercial bank that you can always lateral into, or if you stay in the middle market you’ll have the chance to work on deals on par with smaller banks corporate banking teams. CCBSI is JP Morgan's Commercial banking group that focuses on clients with revenue $500 MM+. Breaking In. I was wondering what kind of questions to expect, there are 9 questions from the info they have provided. Look up FinanceKid on YouTube, he has a few different videos on commercial banking interview tips and mock questions. Wouldn’t be a bad idea to think about how you see the economy turning out over the next ~12 Big 5 Canadian Corporate Banking Salary Trajectory. I currently have zero experience in Corporate Finance or lending and about a year in Operations at a Financial Institution. If you read this cover to cover and spend time to deeply grasp the concepts, you will have the technical foundation for any investment banking interview. I'm in a similar role with more experience and I'm making $95k. You are going to work your typical 9-5 and looking at smaller mom and pop shops or investment real estate, typically in the $200k working capital range to around $5-$10 million commercial banking sa exits Breaking In I’m a second year and recently accepted a commercial banking summer analyst offer from a bb and am excited but was wondering what exits are available and how I can lateral. Just applied for a bank teller position with TD Bank and did a phone interview today. Here are some banks still recruiting for summer 2024. Never have I done a 2-hour interview like this before. Nomura. Taking a financial modeling course will likely be a waste of your time. You’ll want to know the technicals, but you probably won’t be given a case study unless they told you. The entire idea is that you get to spend 2 years understanding various aspects of the business and working cross-functionally. Just got a second round interview with PNC for their business credit program and also got a hirevue for their corporate & commercial banking program…. Advice for Private Banking Internship Interview. For some background, at school I’m a rising senior majoring in Finance and Geography from a non-target but good business school with an up and coming finance program. Some banks start you out as a credit analyst while other banks might start you in a RM role. However these interviews are really Similiar so here are a few tips: Accounting: know what the 3 financial statements are. Most RMs will have several years of PM experience. b. Does anyone have experience with these analyst programs and what kinds of things to look over for a commercial banking interview? It says there will be question prompts on the screen and I answer them. I currently work as an Analyst and don’t have a lot of sales experience. Typically a door. • 6 mo. Lots of people get jobs by grinding BIWS / 400 question guide, but I would suggest this textbook as the canon source for building an intuitive understanding of banking technicals from first Open menu Open navigation Go to Reddit Home. At most banks there is a credit analyst training program that hires students directly out of school. 735K subscribers in the FinancialCareers community. Hi, I have a second-round interview for a Commercial Banking Associate position for new grads next year. Does anyone here recommend any preparation classes or study guides for corporate banking? Also I was wondering how flexible is work location, are there options beyond the major cities? This is all for interns not FT. Commercial banking interview. I'm comfortable with my ratios/statements, and people suggest being familiar with DCF so I guess I'll learn what May 4, 2023 · Interview. That being said, I thought about creating a Guide that would talk through what a Credit Analyst does, how to interview for it, etc. BOA has higher base pay from understanding in their consumer banking roles, best of luck - you may have 2-3 more interviews to go! Bofa minimum company wide for all new hires is 21 per hour. The second interview has a case study. Based on my experience with successful CRE lending and commercial/middle market lending interviews, both intern and full time, your general idea seems spot on. Search the BCG commercial banking trends study for more question ideas. Capital one POWERDAY advice. 11. Me and every other candidate solved this question 8 times before we walked in here. Citizens. Haven’t found a ton of insight on career progression in commercial banking and would love to learn more But they asked if I would interview for the same job, with the same company, but for a job based in SF. Technical: -basic accounting like: ,what are the 3 financial statements, How are financial statements connected, etc. Syndicated deals are common as the facility size exceeds Corporate Banking Interview. Try and network as much as possible, cast a wide-net of applications, and keep practicing your technicals and behaviorals. It started with a video interview and after that they asked me to partake in a 3 hour long interview. I understand most of the Big 5 IB bases are $95-100K for analysts and $135k flat for associates, but wanted to see if these numbers are held the same for corporate bankers SA offer holder at Citi/BofA/Barclays in Commercial Banking. Commercial banking is a great place to start one's career. In general there are three types of us: hired out of an MBA, hired out of a big 4 accounting firm, has 15+ years in retail banking. Did you take the job, if it was offered. Banks still recruiting for summer 2024: Stephens. Show you are interested, can talk to people casually, and you’ll do fine in the role. Prepare for your interview with stories that back those types of skills and attributes. Commercial banking (cash flow) is deals $1MM-$100Mm where the commercial bank is typically sole lender and holds encompassing general security agreement (GSA). ago. I can’t ask for a personal day just no or a sick day. JPMorgan Chase & Co. For the first 3 years, I just worked hard, made sure I did everything I could for good reviews, networked with people in the corporate bank, then applied when I saw an open opportunity in a corporate banking I’ve posted on this and other forums about Commercial Banking and being a Credit Analyst, which is usually the first step. Hi All, I (23M) have an interview in a week with a middle market commercial bank for an associate role. What collateral do they lend against (real estate, unsecured, accounts receivables, etc. However, there are also some behaviour question in the second one. Theyre fairly plentiful around cities. Should be able to be promoted into a RM position down the line anyway if you start as an analyst. I asked about technologues such as banks using APIs to clear payments and whether disintermediation will potentially threaten mid -market lending. I have an upcoming interview for one of the big 5 banks in Canada for a corporate banking analyst position. I have experience in commercial lending and a business degree from a reputable school in Canada. Typical graduate training programs are the best way to get in. “Oh well it lets me understand your intuitive thought process”. The most important areas to focus on to be competitive for these programs would be accounting and business writing. I recently got called in for a phone interview for a Corporate Banking Analyst position in the energy sector. MUFG. also know how to sell. Commercial banking interviews are generally not technical and are geared more towards behavioral and "fit" questions, at least in my experience. Just got an interview scheduled for a commercial banking associate role. I understand that this role is a lot of learning to read financial statements, learning to work with credit etc. Your new bank should have an analyst training program. Relationship Banker where I live gets 22. You can always jump ship to another bank to shorten the progression. Advice. Application (Plum Profile + Recorded Short Video Interview) --> Technical Coding Interview, where you have to finish 3 data structure and algorithms problem questions within 2 hours --> Final round behavioural and situational interview with a senior manager in the department I would be interning with. The title basically says it all. Another path is to transition from commercial to mid-market commercial/national accounts/large corporate, and then to corporate banking (capital markets). Also the exposure to capital markets (DCM) is much greater than in the other commercial banking groups. I had a phone interview for a credit analyst position for a smaller bank and they asked my standard get to know you and why are you interested in this role type of questions. There are lots of ways to answer it; the key is to think about the skillset required in commercial banking and tie your response to that. FCCR and TL/ETNW ratios are king in lending so make sure you know how to calculate them. Wedbush Securities. ) They may ask a couple questions which will probably relate to DSCR or leverage. ago • Edited 6 yr. Hey guys, I (2nd year finance student) just got an email from CIBC confirming that I have an interview this Thursday, and I was wondering what questions I should prepare for. I’m contemplating a career in commercial banking leading to a relationship manager or a career in financial planning ultimately being a CFP at an RIA or Wire house. Hey everyone! I recently got invited for the commercial banking summit power day. Products include term loans, revolvers, and syndications. kash1463. It is competitive, but you also have more Commercial Banks than Investment Banks which means more opportunities. i’m a bit worried about the technical interview portion and to what extent of knowledge is required for this. Apply to commercial credit analyst roles. I have been studying the 5C's and credit ratios (liquidity, coverage, profitability, & leverage), but want to know what other things I can study to prepare. 2 are I believe behavioral and the last is a case study. This is an entry level finance position at a middle market firm in a C-tier city. Technical interview questions were exclusively regarding lending and commercial banking though. So brush up on the financial ratios (current ratio, DSCR, etc) and how the 3 financial statements interact/relate. I believe I'll be having an interview for an entry level Corporate Banking role and a Commercial Real Estate Banking role. ADMIN MOD. Hi, I'm Understand the business using porters five forces and then make your decision using 4 Cs of credit (character, collateral, capacity and capital). r/FinancialCareers A chip A close button. When we hire, we usually look for the right attitude, and the ability to think critically. I recently applied for a bank teller position with TD Bank and I did a phone interview today and I will be contacted soon to do an in person interview. Often a teller will need to help open the branch in the morning, so timeliness is critical. Tell me why I should choose you for this position. I will also note that I have interviewed with other banks and they seemed to indicate that $120k was the top end for someone with many years of experience in a role like this. Looking for some advice and possibly someone to talk to. The team I’m interviewing for specializes in metals and mining. By far the hardest was the F100 company. Financial modelling and the ability to make projections would go a long way, and knowledge of accounting obviously. The interview is really chilled and was the easiest I had done so don't worry. Most decent size Banks (maybe $10B+ in assets) will have some sort of Credit Analyst training program. Pros: -Great WLB. You won’t be making JPM Investment Bank money, but you won’t be strapped for cash either. If not, the best thing you can do is: Start your new job and study their pitch deck. Community, regional investment, commercial or consumer, come on in. The role will include classroom learning and a rotational program in different lending groups. I’m a recent college grad and have been applying to jobs and I was invited to do a video interview with Wells Fargo for this program. Had a 3 hour interview, case interview, excel, and behavioral. Jobs. Sort by: jjbloo. I'm currently a shift supervisor at starbucks making $19/hour, but my job is really causing me a lot of stress. Commercial Banking is great with regards to work life balance and pay. Smaller commercial banks are usually less competitive than bigger commercial banks. My first question is, what should I be expecting in this role? Can any commercial bankers tell me: The work/life balance Career progression Compensation You should have these ready as well: walk me through your resume, tell me about yourself. The banks have templates and macros built into Excel that you have no way of accessing prior to starting. The move from commercial to corporate is not common but is possible (having made the transition myself). Financial statements, behavioral, "walk me through your resume Banks want to hire a professional, well-spoken person who is reliable and trustworthy. Questions will primarily consist of behavioral related questions. Wondering what kind of questions they will ask (technical vs behavioral etc). Be able to explain your thought process clearly and justify your decision. The position involves clients/customers with $10-100m in annual sales, with your typical lending solutions. Have a call next week for an analyst/underwriter position for a commercial banking subsidiary of a bank in Canada. know how they are linked, this is super important and will be asked everytime. He said comp was $80k base plus 100% bonus. Hey guys, I accepted an internship as a Middle Market Banking & Specialized Industries Summer Analyst at JPM. From what I've seen, anywhere from private debt to corp/investment banking (actually I've only seen 1 person making the jump to IB from commercial) to corp finance to leaving the industry entirely to start a business. You wont make IB money. P Morgan MMBSI Internship. Also be sure to ask questions at the end. Overall, I'm not really sure what to expect. I also asked libraries around but none have available rooms. It’s meant to be a much more laid back interview process. The progression is typically credit analyst > senior credit analyst > portfolio manager > commercial loan officer. ofc need more training. I’m a sophomore majoring in Business Analytics at a T40 school and got a commercial community banking internship with a bank with assets of around $500 billion. Three interviews spanning 45 mins each. I would expect anywhere from $75k - $100k based on market, experience, etc. Aug 8, 2018 · For example, you might work on a $50 million loan for a small business in commercial banking, but a $500 million loan for a public company would be more common in corporate banking. They specifically asked me if I planned on moving to the front office, which was a little odd. I am also considering it. Corporate Banking Analyst Interview. Please review subreddit rules before posting. Most of my searches have been about fixed income investment analyst roles but haven't Sep 21, 2021 · 🧑‍🎓Click The Link Below For The ULTIMATE Commercial Banking Interview Prep Guide With Credit Case Studies 👩‍🎓https://www. Bankers I’ve interviewed with loved that. Fifth Third Bank. Lend out money so their clients can achieve goals. •. Two were CB, Two were FDLP F50, and One was FP&A starting analyst F100. You pulled this question straight from the internet. May 25, 2018 · Interview with Wells Fargo Commercial Banking Summer Analyst Program () Hey guys, I have an upcoming interview with Wells Fargo for their Commercial Banking Summer Analyst position and was wondering if anyone had any experience with Wells Fargo and the types of questions they ask. I like it, its not IB money but 6 figures pretty early. So i applied. Hey guys, I applied to Comerica's Summer '24 Commercial Banking internship and was selected to do a 2 hours interview with the Group Manager, the Program advancement manager, and the credit administration officer next week. Interview questions [1] Question 1. Commercial Banking Interview. Most of the commercial credit analysts work will be automated in near future given the size of the bank. Finally, commercial banking is not tied to the You may also work with Treasury sales, pulling together relationship reviews, working on RFPs, etc. From the email I received, the interview is divided into three interviews that are each 25 minutes long. Just want to know the general interview style (behavioural or I've applied for commercial banking but Im yet to take the assessment. The Assessment Centre consisted of a M&A case study, required the use of Ebit Multiples and analysis of the three statements. I had quite a few m&a interviews for internships but not at big 4. (Basically be concise and state why your experiences relate to commercial banking and how this interests you. Associate Commercial Banking Interview Ontario Canada Big 5 Bank Question Just a very simple question. I have been preparing for the interview for the past 2 days by reading on local news and the country's financial situation and banking regulations. Has anyone here ever worked for TD Bank as a teller and if Interviewing with Chase for Associate Banker. Your main focus should be understanding financial health ratios (Interest coverage ratio, FCCR, debt/ebitda), role specific items - covenants (what they entail/examples of them), working capital, debt (both bank and bond capital) & basically just general strong And i want to move out of the retail world. Not hard to break in. Hi everyone, I have a masters degree in Applied Economics and predictive analytics and I have an interview with the Chief economist at a commercial bank this Thursday. Im a bot familiar with the banking world. Currently work between 30-42 hours/week ish depending on how busy I am. Does anyone have advice on what to expect and the best methods to prepare What if I mentioned that I want to work in commercial banking to become a credit analysts as my entry level goal. As far as technical questions, make sure you’re up to date on current events and how the three statements are related. Reply. As the title says, I received an interview for the commercial banking innovation development position with JP Morgan. Some pay entry level 50k others 70k . if anyone’s got any technical commercial banking questions they can share it’d be greatly Hi, I have interviewed with Wells Fargo before and even received an offer from them for an internship. Might not need to value a company though. Hi this is my first real interview and I'm pretty anxious as I don't know what to I have an interview for a Capital Finance position at Wells Fargo tomorrow and was wondering what type of technical questions I should expect ? Edit: Final Round of Interviews Locked post. I’ve just received an offer at a big 4 Canadian commercial banking group as an AD and not sure if the offer is market with other banks, thoughts? 105k base with 20-40% bonus + stock and RRSP. The location maters DC can be 80K , tier 3 cities would be closer to 50k. The 3 hour long interview was quite intensive. The pay was shit so I didn't take the position but be aware of those Plan your career in the wide world of finance. I interviewed at S&P earlier this year for an entry-level position. There are two interviews. However, retail has a ceiling and that ceiling is getting lower as branch networks change and optimize. You make your money from becoming a lender and bringing in deals. Like rated, equity, savings, checking accounts, loans etc. So they schedule the interview for 1:30pm ET (with an associate in the SF office) so it must have been 10:30am her time. Prep for Corporate Banking interviews. 2. hey guys! i’ve got an interview at hsbc for their superday. I have an interview tomorrow for a Commercial Credit Analyst position at a regional bank. I was wondering if anyone else had received an interview for this position and what the interview entails. CB here. Say something about how you like being instrumental in helping clients achieve the goals they set blah blah blah. 2024 Commercial Banking Superday. Depends on the bank. That’s the change I wanna make. Career Battle: Commercial Banking Relationship Manager Vs. Let them know that you are excited for the opportunity and are moldable with enthusiasm to learn. zl cl bp yg bn pj cg nd ak bo