Banking 2017-08-23T16:59:49+00:00

Project Description

Banking

International bankers help U.S. clients take advantage of the growing opportunities abroad to expand their businesses. Whether through providing commercial loans, risk assessment or investment support, bankers tailor solutions to enable and empower their clients to make the right decisions with the proper financial resources. A great place to start when considering a career in banking is understanding the difference between these two of financial institutions.

Commercial Banking

Commercial bankers are a key distribution point and referral source for the rest of the bank’s financial services activities. The work of commercial bankers is critical—this is how retail consumers get their credit lines extended, their checking accounts upgraded, their mortgages, cars, and home improvement loans approved.

Small businesses are highly dependent on their relationship with their commercial bankers. Commercial loans allow them to secure new inventory, cover payroll, remodel their stores, buy fixtures, and manage their overseas accounts receivable.

Investment Banking

Investment banks are increasingly involved in offering global financial services. They negotiate international financing through mergers and acquisitions, joint ventures, equity participation and debt issues. These banks provide financing for businesses by floating their stocks and bonds. Most, if not all, U.S. investment banks have some international presence, through either international subsidiaries or affiliates.

Careers in Banking

Commercial Loan Officer

The first step for many businesses looking to expand their operations abroad is to apply for a loan. Loan officers review and analyze each borrower’s credit history before assisting them throughout the process. It is important to develop a strong account relationship with each client, tailoring a program of services and supports to their specific needs.

  • Job Forecast: 8%
  • Average Annual Salary: $63,430

Asset Manager

The first step for many businesses looking to expand their operations abroad is to apply for a loan. Loan officers review and analyze each borrower’s credit history before assisting them throughout the process. It is important to develop a strong account relationship with each client, tailoring a program of services and supports to their specific needs.

  • Key to Success: Strong interpersonal and analytical skills, along with strategic thinking, will help you develop a tailored program of investments for your clients. An understanding of financial principles and foreign rules and regulations that govern investment are key.

  • Average Annual Salary: $69,000

Professional Profiles

Caroline Brown
Director of Global Trade & Supply Chain Solutions
Bank of America Merrill Lynch