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Corporate Banking Careers

Travis Said:

What is the best career path to become a corporate treasurer?

We Answered:

That is not necessarily the best path. Often treasurers are more finance people. Banking experience, investing experience, and maybe insurance. CFO tend to be more accounting oriented especially in manufacturing based companies. They are operational oriented. Certainly those that become CEO are operational oriented. Maybe the better place is in auditing which has a better chance to be CEO. To get to a treasury position is in investment industry.

Kenneth Said:

What degree for a career in corporate finance?

We Answered:

I have a BA in Math and my MBA.

You have to study VERY hard in Math. In Business you can pretty much fake your way through. Nobody really knows anything in business. They only think they do... or know they don't but pretend to. There are a bunch of theories. Some of the basics are low-level enough to hold true most of the time. But just about everything is smoke and mirrors. "It happened this way back in 1890, and, based on that..." This is not 1890. People don't have the same values they had back then. The United States was a lot larger back then. The world's also a different place. There is no relationship between what happened back then and what happens today. But that's all they know.

I know enough about math and statistics to make credible-sounding arguments to support my (probably incorrect) theories... and people buy the bull stuff. I'd suggest a degree in Math... at least one. Then I'd go for business. But not until you learn something. You won't learn much in business... at least not much that's useful. It's kind of like political "science"... useless.

Math, if approached properly, teaches you to think logically and to draw objective conclusions. The pseudo-sciences (psychology, sociology, education, poli-sci., business, etc.) teach you to jump off the deep end with some esoteric-sounding theory that has little or no basis, without thought or even the capacity to think. Because of these brilliant experts in those fields, we have probably the highest divorce rate in the world, one of the weakest economies, one of the most corrupt and unworkable political systems, and a dying educational system. And we owe it all to fuzzy-thinking pseudo-scientists.

I entered the service with an AA in Math. Got out about 10 years later and got the two other degrees. Spent about 20 years as a manager for companies like EDS, CSC, and BAH, solving problems on government contracts that those jokers with the "liberal arts" "educations" couldn't even understand. I had a 98% success rate. None of my projects were ever late or over-budget. And, because I don't believe in "gap analysis," I never had a dissatisfied client. Some of my projects have been in effect for over a decade -- without modification.

Wilma Said:

which side of banking is easier to be at? corporate banking or personal banking?

We Answered:

I've worked on both sides of banking. Do you want to move up? Personal side doesn't offer the full advancement that the corporate side does. Personal bankers typically stay in the branches while corporate can move everywhere. Good Luck and Congratulations!

Todd Said:

To be an auditor or in a banking sector?

We Answered:

Be a certified public accountant ( CPA ) first.

The field of investment banking is another field of study. Its better to be an Investment Banker and a CPA.

Happy Holidays !

Shelly Said:

What is the difference between Corporate Finance, Banking, and International Finance?

We Answered:

i guess one of the fastest growing areas of employment in recent years relates to computer technology.
graduate openings that currently offer most jobs for Bcom probably are accountants and auditors. sales/ marketing coordinator, marketing assistant, Data/Business Analysis etc...

Corporate finance is the field of finance dealing with financial decisions business enterprises make and the tools and analysis used to make these decisions.

A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers with capital deficits to customers with capital surpluses.

International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, and how these affect international trade. It also studies international projects, international investments and capital flows, and trade deficits. It includes the study of futures, options and currency swaps. International finance is a branch of international economics.

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