What Is a Corporate Banker? (With Duties and Skills)

By Indeed Editorial Team

Published November 11, 2022

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

Corporate bankers typically act as the link between financial institutions and companies or organizations. These professionals provide various financial and consultation services to help their clients meet their organizational goals. Understanding corporate banking can help you learn the requirements of working in this position and decide if it's suitable for you. In this article, we answer "What is a corporate banker?", outline their duties, explain how you can become one, and highlight skills that can help you succeed in the role.

What is a corporate banker?

The answer to "What is a corporate banker?", is that they're professionals who help companies manage their relationships, transactions, and activities with different financial institutions. They also inform companies about available financing and investment opportunities. A company's board of directors typically provides consent and authority for the creation of a corporate banking account. Corporate banking, or retail banking, also involves providing loans and creating payment plans for corporate organizations.

Corporate bankers can create lease agreements for renting and purchasing properties and machinery. Analyzing assets, debts and equity structures, and financial statements may also be part of corporate banking. These professionals usually work in clearing, commercial, or investment banks, but they can also work as consultants for private companies. Although corporate bankers typically work long hours, as their positions require significant research, there are multiple benefits available in the role.

Related: Types of Banking Jobs (With Salary Expectations and Duties)

Duties of a corporate banker

Corporate bankers can work for businesses of any size. Here are some of their core responsibilities:

Advising clients

Corporate bankers assist their clients in making beneficial financial decisions. They advise them about mergers and acquisitions that can improve their company. They may also inform companies about significant financial-related events and activities they can host, initiate, or attend.

Several documents, licences, and requirements may be necessary for companies to create corporate banking accounts, and corporate bankers can advise on these. They can also advise companies on conditions to fulfil to make certain financial decisions or diversify their funding sources. They can gather and analyze data and information regarding financial sector trends to advise their clients on new opportunities in different markets.

Related: 10 Financial Positions You May Want to Consider Pursuing

Marketing banking services

Banks typically offer multiple financial services to corporations. Corporate bankers inform their clients about services that can improve their operations, such as treasury services that help companies manage their assets and other investments. These services may ease currency conversion and improve company accounting processes.

Banks also help companies select underwriters for their initial public offering (IPO). An IPO describes the process in which a company issues new stock for the first time. These financial institutions can help a company structure its debt and equity financing. Corporate bankers inform their clients about these services and their benefits. They also typically help their clients select suitable employee payroll and retirement plans.

Related: What Is an IPO? (With Process and Steps Companies Can Take)

Creating reports

Corporate bankers write and submit extensive reports on the projects they oversee. They also compile the financial information they receive from their clients and store it securely. Researching and creating a list of assets their clients can purchase can also be an additional service that corporate bankers provide.

They also create reports that extensively discuss investment plans that may be beneficial to their clients. During meetings with a company's management team, they devise strategies to help the company achieve its goals. They can create reports on these strategies and new products or services that can generate profit for the company.

Related: 20 Popular Financial Jobs (With Primary Duties and Salaries)

Training recruits

Training recruits and junior bankers may be one of the responsibilities of corporate bankers. They can assist in onboarding these employees and helping them learn about their responsibilities. They may also assign tasks to them and supervise their work to ensure accuracy. Junior bankers and recruits assist corporate bankers in researching the financial market and planning client meetings. These tasks help them become more proficient and experienced at their jobs as they learn from senior colleagues.

Preparing loan agreements

Banks typically offer loans and credit to companies, as it helps them make a profit. They may place significantly higher interest rates on these loans due to the risk of funding corporations. Corporate bankers inform clients about their bank loans and interest rates. They use their expertise and experience to predict these loans' effects on their clients' finances. They help them draft loan agreements that can allow them to pay off loans in instalments. Corporate bankers can organize meetings with a company's management team and assist them in planning how to use the loan in company operations.

Related: What Is Investment Analysis? (With Types and Process)

How to become a corporate banker

Here are steps you can follow to work as a corporate banker:

1. Earn a formal education

Hiring managers typically require corporate bankers to have a diploma or degree in banking, accounting, business administration, or another finance-related course. These courses equip you with the necessary skills and technical knowledge you require to work as a corporate banker. Research schools and their requirements for admission into their programs. You may also earn a master's degree in a finance-related course, which is an additional qualification that improves your expertise. Consider the potential costs and requirements for earning this degree.

2. Work in internship roles

An excellent way to gain experience in the banking industry is to apply and work in internship roles. Internships typically provide you with the necessary training and mentorship you require to become a corporate banker. They allow you to understand the responsibilities and duties of the role. Joining student associations and organizations might help you learn about internship opportunities. You can also research financial institutions that accept interns. During your internship program, you may meet financial sector experts, and making a good impression on them can benefit your career.

3. Gain certifications

You can earn certifications in fields related to the finance sector. For instance, you can complete certification programs in financial analysis, asset management, and financial modelling. These certifications serve as additional qualifications that show hiring managers your expertise. They also indicate your commitment and dedication to improving yourself and your knowledge of the industry. This typically provides you with an advantage when applying for roles. These qualifications also help you improve your strategies and qualify you for senior positions.

Related: What Are Banker Certifications? (And How to Pursue Them)

4. Review your resume

After creating a resume that highlights your skills, experience, and other qualifications, be sure to review it. Hiring managers typically use applicant tracking systems to screen applications for specific keywords. To ensure that your resume passes the screening process, include keywords from the job description. You can ask your colleagues, mentors, or friends to review your resume and check for errors. Apply for roles that match your level of qualification and prepare for the interview process.


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Skills necessary for a corporate banker

Here are skills that are necessary for a corporate baker to perform effectively in their role:

  • Communication: Corporate bankers require communication skills to negotiate with clients and inform them about financial services. Written communication skills also help them create detailed reports about their projects.

  • Attention to detail: Bankers work with multiple clients and handle different files daily. Attention to detail ensures they don't make mistakes.

  • Mathematics: Corporate bankers use numerical figures and data to handle the financial affairs of their clients. It's essential that they know how to complete these calculations quickly and accurately.

  • Problem solving: Bankers may suggest strategies and tools to improve their clients' profits. They may also use their problem-solving skills to manage companies' financial crises.

  • Analytical skills: Assessing and evaluating their clients' assets is one of the duties of bankers. They require analytical skills to evaluate investments and research the financial market.

  • Time management: Corporate bankers require time management skills to work with multiple clients. They prioritize their tasks and schedule appointments appropriately.

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