Banks are the financial aiders to people, firms or whomsoever it may concern. But it is done sequentially with many processes including authentication, guarantee, etc. A corporate banker is someone who deals with firms and organizations rather than dealing with people. A corporate banker is required to understand the situation of clients and give them advice and assist. It may sound a little hyperbolic but the salaries range from 70k to 2 lacs per month and even more depending upon your banking firm. Let us understand how to become a corporate banker?
First of all, you need to complete your basic education and then you need to get a bachelor’s degree. You can go for masters later on, but you need to keep your specialization in the desired field only. There are a variety of bachelor’s degrees in finance and accounting and if everything suits you in the future, you could go for the Master in Business Administration in the field of finance. You need to have a good pre-requisite of statistics and accounting.
Most of the banking firms ask only for a basic high school diploma but it is good if you complete a bachelor’s degree which would certainly enhance your knowledge and reputation. You may require a license depending upon the transactions you are involved in.
If you want to get involved in securities transactions or M&A, then you will have to follow the guidelines by SEBA and upon fulfilling those criteria you will receive your license. It would be good if you analyze your job requirements beforehand so that you could cover the course in time without getting into a hectic schedule later on. Not every corporate banker requires a license, it depends on what type of transactions you are involved in as a corporate banker.
Besides good skills in accounting and finance, good communication skills are also required because understanding the firm’s situation and then providing the best-suited aid for them will be your job. If you can communicate well with your clients then only you can uplift the reputation. In a banking field, word of mouth plays a major role. If you satisfy your clients today, they will turn into prospects and may bring you more clients in the future.
So, add a little empathy in your personality and you will be well-liked. The more confident you are in your skills, the more chances you will get to work and enhance your career. Depending upon your skills, you may find a place in the front office or back office. If you are in the front office then you will have to interact with the clients and the back-office staff gives assist and support whenever required.
You will have to flow with the current as many technological advancements are being developed every day. You will have to cope up with the changes. The more advanced you are, the better you can deal with your client. The world of banking is developing at a rapid pace nowadays. Earlier there was only cash but now e-banking has made its way and who knows what is going to come.
Corporate banking is a good career choice and if you have decided to step in this field, it is high time for you to start building your personality in such a way that confidence is reflected from you. After all, you have to deal with people. The more confident you are, the better things would be done. You can look for seminars happening around which will give you more information about this field. You can follow various experts on different social media platforms which would be good for daily updates. And remember, if you think you can do this work or cannot, you are right in both cases. Best wishes for your career. Hope this helps.