Commercial Banking

Definition
Commercial

banks are in the business of providing banking services to individuals, small businesses and large organizations. While the banking sector has been consolidating, it is worth noting that far more people are employed in the commercial banking sector than any other part of the financial services industry.

Trends & Needs

Broad

Business Understanding and People Skills Needed Accounting and Writing Skills are Crucial High Grades less important than work ethic International talent is in high demand at money-center banks. Corporate Investment Products in High Demand Days of Easy Hours Long Gone

Skills
People

skills: High Sales skills: High Communication skills: High Analytical skills: Medium Ability to synthesize: Medium Creative ability: Medium Initiative: Medium Work hours:40-60/week

Jobs
Trainee/credit

analyst $48,000 Bachelor's Degree Junior Loan Officer $60,000 Bachelor's Degree + 3 Years Loan Officer $100,000 5-7 years Senior Corporate Loan Officer $115,000 10 years-Mortgage Originator$40,000 1 year or more Financial Analyst$58,000 3 years or more- Personal Banker$40,000

Top Banks
Bank

of America J.P Morgan Chase Citigroup Wells Fargo PNC Financial Services U.S. Bancorp Bank of the New York Mellon State Street