Job type

Corporate banker

£35k - £300k

Typical salary

45 – 80

Hours per week

Corporate banking is all about providing banking services to businesses rather than people, to help them run their day-to-day operations.

More info

  • Work with some of the largest global corporations
  • Build long term relationships with corporates
  • Utilise your sales and relationship management skills to grow a bank's business with a client

As a corporate banker, your role will be similar to a retail banker, but you'll be dealing with companies rather than people. These companies may vary from global conglomerates to small sized enterprises.

DAY-TO-DAY DUTIES

  • Provide loans to companies
  • Provide cash management services, while also assessing your clients' current needs to sell them other services provided by the bank

DAY-TO-DAY ENVIRONMENT

At the start of your career it is very likely that you will rotate across industry sectors (e.g. consumer goods or oil & gas) to get different industry experience. During your early years you will be accompanying senior relationship managers to meetings as they try to sell clients some of the bank's products.

You'll need

To be a corporate banker, you'll need strong numerical and analytical ability, excellent verbal and written communication skills, attention to detail, discretion and trustworthiness, time management skills, and the ability to work well under pressure.

You would normally require a numerate degree to work in corporate banking. A lot of banks offer graduate schemes and internships. A key tip to get ahead of the competition would be to try get on to an internship programme while you are at university. If you do well on the internship then they will give you a full-time offer to begin once you have completed your studies.

Additional professional qualifications may also be required, such as those offered by The Chartered Institute for Securities & Investment (CSI) and approved by the Financial Conduct Authority (FCA).

You can also continue your professional development by studying for the Corporate Finance Qualification - a qualification offered by the Institute of Chartered Accountants in England and Wales (ICAEW) Careers.

Training courses are also provided by Chartered Financial Analyst (CFA), Society of the UK (CFA UK), The Association of Corporate Treasurers (ACT), and The London Institute of Banking & Finance.

CAREER PROSPECTS

As you progress through your career you will specialise in an industry sector and a lot of your work will be focused on maintaining existing relationships with clients while also trying to secure new clients.