<p>No, I do not go to UW (I just like their athletics...hey, they're good at basketball right now..), I go to a less prestigious school, and I was wondering, since there's no way I'd first of all get into investment banking much less survive under those kind of pressures/work hours. I was looking at commercial banking, and despite I search, I can't find much about this profession and what the earning potential is, so I was wondering what all one can do by entering the commercial banking industry? What do salary levels look at at various levels of experience (i.e. entering, after 5 years, 10, etc.)? Are there any companies that stand out in particular that would be good work experience for the top MBAs?</p>
<p>I haven’t specifically thought about that to be honest. I guess something within the financial realm of commercial banking, but I was mostly curious as to whether or not this is even a good field to pursue, because according to this link, this doesn’t seem to be a very profitable field:</p>
<p>Yeah it depends really. The big money in commercial banking is high level management. All of those jobs listed, the loan originators are all mortgage broker positions basically. Financial analysts can make a decent salary but the big money in that line is up towards investment banking.</p>
<p>Personal banking is someone who sits at a retail bank location and does retail/consumer bank products(small loans, cds, etc.)</p>
<p>Working for a comercial bank is great work experience but if $$ is your goal, it might not be your thing unless you go the mba route and transition in at a higher level. Anyone can be a mortgage broker/loan originator, you dont need a degree for that.</p>
<p>You have absolutely no clue what your talking about.</p>
<p>Personal and private bankers can make money depending on how much they sell. I know that private banking can range from 50k onwards up into the 300-400k range for 40-50hr weeks. I do not know the upper range for commercial banking, but i have met some that make over 150k (this was 10 years ago). Its sell sell sell.</p>
<p>south: Obviously I have no idea what I’m talking about, that’s why I’m asking you guys about this lol. I acknowledged my ignorance by saying that I haven’t completely thought about what I’d want to do in this field, and am just looking for more info.</p>
<p>But are all upper level positions in commercial banking sales? I’m not a very sales-oriented kind of guy. I’m more management, quant-type, so do these positions exist in commercial banking?</p>
<p>I am looking at commercial banking as well.</p>
<p>My dad was a very successful loan officer and was a former branch manager at a smaller bank.</p>
<p>I am working as a teller right now, and so far what has appealed to me most is to get my degree, become a branch manager. Now I could very well change my mind but that seems to be my most logical choice right now.</p>
<p>just curious, but what are the different fields of commercial banking? Also, when people say that you can move into upper level management, how long does it typically to get there, and how are salaries in that area?</p>
<p>Sorry to bring up an old post, but I was talking to my professor about careers and he said that I should look into commercial banking as well</p>
<p>A lot of people get into commercial banking who don’t have college degrees. Pretty much start out as a teller to get up to the branch manager role and then higher. My dad was a loan officer/ branch manager with no college and though he advanced fast (was branch manager in 3 years) he said the typical track with no college and starting out at the bottom (teller) was 5-6 years to be a manager.</p>
<p>My mindset is going to college and getting a degree then becoming a manager trainee at a big bank. What happens then is you are a trainee for 6 months to a year then you are officially a branch manager. I mean being a bank manager at 24 or 25 is nothing to sneeze at.</p>
<p>To get into upper management you do your best at the bank all while getting an MBA and then once you get the MBA you are going to be in an upper management type of position. Realistically being a district or regional manager (80,000+ no doubt) by the time someone is in their early thirties is very attainable.</p>
<p>how hard is commercial banking to break into versus investment banking/trading and all? I don’t go to wharton or anything, but if I keep a really high GPA (I’ve struggled a bit my first year, but I think I can pick it up from now on now that I understand how to study in college), is it still really difficult to break into?</p>
<p>Also, do you have any links discussing what commercial banking is all about (correct me if I’m wrong, but I hear they work in credit, lending, real estate and more) and or how it is different from investment banking so I can see if it’s something I’m interested in?</p>
<p>No, I didn’t say you top out at $80,000. I said when you become upper management $80,000 is a pretty fair number. If I am making $80,000 before my mid 30’s I’d be pretty happy.</p>
<p>Barrons, that was a joke right? If all you can do with an MBA is become a loan officer then I would go to my nearest Walmart and suck on a deer rifle.</p>
<p>^yeah that’s the thing though, I’d want to be making much, much more than 80k by my mid 30s (especially since that means I’ll have had nearly 13 years of experience, or 10-11 if I get an MBA!). So I guess commercial banking isn’t the industry for me then, huh?</p>