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Advice on Commercial Banking Anaylst Program job hunt

Posted on 2/2/15 at 1:45 pm
Posted by Fearthehat0307
Dallas, TX
Member since Dec 2007
65256 posts
Posted on 2/2/15 at 1:45 pm
I was going to start this on the OT but I figured it would be better received here and avoid the typical ot nonsense. Also think a lot of posters on here may be pretty knowledgeable about this industry.

I recently started the job search and am hoping to get on with a major bank in the commercial banking analyst program (full time job not summer internship). Have spoken to a few people I know through friends of friends, not really close contacts, and have gotten some good tips but also want to exhaust all means available to get as much info as I can to help me out.

I graduated last May from LSU's masters of finance program but put off the job search, as I had made previous commitments to help a family member out with their business, but that time is coming to an end. This past weekend I sent out a few applications for positions I found on a few banks websites, one to JPMorgan chase, capital one and in the process of filling out one for Citibank.

Just looking for any helpful tips or guidance on avenues of approach or any info about the actual programs and the process. Any useful advice would be welcome. Thanks in advance
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7166 posts
Posted on 2/2/15 at 1:52 pm to
Are you dead set on working for one of the big banks?
Posted by Fearthehat0307
Dallas, TX
Member since Dec 2007
65256 posts
Posted on 2/2/15 at 1:55 pm to
quote:

Are you dead set on working for one of the big banks?

one of the guys I talked to (friend of a friend) works for capital one and started off like I want to. he recommended that for career advancement and applying to jobs in the future that I should strongly try to get on with a big bank.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 2/2/15 at 3:57 pm to
quote:

one of the guys I talked to (friend of a friend) works for capital one and started off like I want to. he recommended that for career advancement and applying to jobs in the future that I should strongly try to get on with a big bank.


One guy tells you to work at a big bank and that determines your whole strategy? Do some additional research, please. Isn't that what analysts do?
Posted by Fearthehat0307
Dallas, TX
Member since Dec 2007
65256 posts
Posted on 2/2/15 at 4:04 pm to
quote:

One guy tells you to work at a big bank and that determines your whole strategy? Do some additional research, please. Isn't that what analysts do?

I've talked with him a good bit the past couple of weeks. I've been doing research for a while but he was the first one I was able to talk to that told me exactly how he started and with where I am and where I want to go starting with a big bank would be the best option. I'm not against working at smaller banks but without talking to someone that works or worked there I have limited info on the process
Posted by Lou Pai
Member since Dec 2014
28117 posts
Posted on 2/3/15 at 4:18 am to
Yeah, totally irrational to want to work for a big bank as your first job and lean on a mentor for guidance. What is this guy thinking?
Posted by Lou Pai
Member since Dec 2014
28117 posts
Posted on 2/3/15 at 4:22 am to
My humble advice is to reach out to as many alumni as possible. Plenty of them in New Orleans and Houston if you would be interested in either of those cities. Also Dallas.

I want to try to check back with you later this week and exchange email addresses if that's okay.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/3/15 at 8:12 am to
I'm sure someone will have a problem with me saying this, but I'll say it anyway. From a careers progression standpoint there is virtually no downside to starting at a big bag. Large banks want to hire people with big bank experience and small banks like hiring people with Big bank experience as well. There is nothing wrong with starting a small bank and you will probably have a lower stress job, but from a pure experience standpoint, it's hard to go wrong with starting at a big bank.
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