Are you looking for a rewarding career option in the banking sector? Then, you might want to consider a corporate banking analyst job. It is a challenging job, but the rewards are plenty.
Companies heavily compensate corporate banking analysts for their valuable contributions. f you can acquire in-depth knowledge and specialize as an analyst, you too can soon become an invaluable asset to the company.
So, what is it that corporate banking analysts do? From risk assessments to relationship building, they have a lot of things to do. In this article, you will learn all about the job duties of a corporate banking analyst.
What Do Corporate Banking Analysts Do?
As a core part of the relationship team, corporate banking analysts advise corporate banking clients regarding financing and executing banking activities.
They generate insights and perform financial and non-financial analyses to assess credit risks associated with lending money. They also identify prospective clients and help create a structure for credit facilities that meet their needs.
Furthermore, corporate banking analysts are expected to communicate their findings to relevant stakeholders by creating and presenting a range of financial models. The job involves ensuring prospective borrowers are worth the loan.
While they perform extensive background checks and analyze the borrower’s creditworthiness, they also pay close attention to the needs of the bank’s existing clientele.
Also Read: How to Find Bank Teller Openings
Skills and Qualifications Required to Become a Corporate Banking Analyst
Corporate banking analysts are corporate banking relationship managers. The job is undoubtedly technical, but you cannot succeed in this profession without relationship and networking skills.
The most important requirement for this job is the candidate’s financial knowledge. A bachelor’s degree in a related field can also help prove your technical understanding.
Additionally, employers appreciate a few years of management experience, as it means you have a good understanding of the market. Skills that may strengthen your application include risk assessment and problem-solving skills.
Those skills can help you cope with the job’s spontaneous nature. Finally, interpersonal skills cannot be ignored, as corporate banking analysts must maintain relationships and have a strong network.
How Much Do Corporate Banking Analysts Earn?
As you may have guessed, corporate banking analysts are compensated fairly well for their valuable input. According to Glassdoor, the annual average salary of a corporate banking analyst is $86,643.
Of course, the salary varies as the demand for the job changes from place to place. In San Francisco, for example, the average salary for corporate banking analysts is $102,108 per year.
According to ZipRecruiter, a highly skilled corporate banking analyst in San Francisco can earn as much as $224,770 annually. This makes the job very lucrative for a candidate with the right skill set and multiple years of experience.
How to Apply for a Corporate Banking Analyst’s Job
If you think you are a good fit for this position, you are ready to apply for this lucrative position. Thanks to technological advancement, you can initiate a hassle-free online application process.
Aspiring corporate banking analysts can begin their job search from online job portals such as Glassdoor and Indeed. Not only do these sites feature hundreds of jobs for you to choose from, but they also feature an overview of the job.
What’s more? You can filter your search to get a list of job openings that meet your exact requirements.
So, you can utilize the filter function to get a list of corporate banking analyst jobs that are in a location near you and match your salary expectations.
Conclusion
As with all corporate jobs, becoming a corporate banking analyst requires dedication and hard work. If you have what it takes, you can polish related skills and apply for job openings in your area.