Fabulous content, even though i am studying a business administration program in college and they didnt taught that, learnt a lot from your videos, thanks!
Do you have any advice on graduate degrees for someone working through the ranks in commercial banking? Just a little background I did about a year and a half in commercial compliance at a regional commercial bank, then moved to another bank (a bit smaller) and have done about a year and a half in credit and now have been an ag/business rm for about 3 years. Most of my portfolio is revenues of $500K-$5MM and the book is about $65MM exposure. I’d like to work on larger, C&I type credits with a bit more complexity than I am currently. Debating whether I should try to move up based on experience alone or pursue masters/MBA at this point to better my appeal/resume? Currently have a bachelors in Economics as my only degree/no certs. Thanks in advance!
Good question Ryan, I dont know how much value an MBA would bring/it depends on your local job market and what they value more. For example in my job market it adds very little value. I would focus on trying to work on joint files with the larger commercial teams to get known and then seek an internal referral to move up. Alternatively you could switch banks and stay in the ag space but move up market, target entry level roles as credit analyst at these mid market groups and you will quickly get promoted to RM within 1-2 years assuming you have the sales ability to hold onto that role. The credit fundamentals don't change too much when you go up market, its the COI networks that change so I would focus on building up those relationships with larger clients/groups so when you do make the switch, you can hit the ground running and bring in business more quickly. Good luck!
@@financekid3163 Thank you so much for the response! Valuable insight, especially that you find COI networks are likely biggest hurdle moving upstream in segment.
This presentation is really helpful even for people in the US market!
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Thanks for watching! Glad you found it helpful.
Fabulous content, even though i am studying a business administration program in college and they didnt taught that, learnt a lot from your videos, thanks!
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Do you have any advice on graduate degrees for someone working through the ranks in commercial banking?
Just a little background I did about a year and a half in commercial compliance at a regional commercial bank, then moved to another bank (a bit smaller) and have done about a year and a half in credit and now have been an ag/business rm for about 3 years. Most of my portfolio is revenues of $500K-$5MM and the book is about $65MM exposure.
I’d like to work on larger, C&I type credits with a bit more complexity than I am currently. Debating whether I should try to move up based on experience alone or pursue masters/MBA at this point to better my appeal/resume? Currently have a bachelors in Economics as my only degree/no certs. Thanks in advance!
Good question Ryan, I dont know how much value an MBA would bring/it depends on your local job market and what they value more. For example in my job market it adds very little value. I would focus on trying to work on joint files with the larger commercial teams to get known and then seek an internal referral to move up. Alternatively you could switch banks and stay in the ag space but move up market, target entry level roles as credit analyst at these mid market groups and you will quickly get promoted to RM within 1-2 years assuming you have the sales ability to hold onto that role. The credit fundamentals don't change too much when you go up market, its the COI networks that change so I would focus on building up those relationships with larger clients/groups so when you do make the switch, you can hit the ground running and bring in business more quickly. Good luck!
@@financekid3163 Thank you so much for the response! Valuable insight, especially that you find COI networks are likely biggest hurdle moving upstream in segment.