{"id":1076,"date":"2022-08-18T19:51:15","date_gmt":"2022-08-18T19:51:15","guid":{"rendered":"https:\/\/theforage.wpengine.com\/?p=1076"},"modified":"2024-07-19T19:54:38","modified_gmt":"2024-07-19T23:54:38","slug":"commercial-banking-good-career-path","status":"publish","type":"post","link":"https:\/\/theforage.wpengine.com\/careers\/commercial-banking-good-career-path","title":{"rendered":"Is Commercial Banking a Good Career Path?"},"content":{"rendered":"\n

You most likely have a bank account, but have you ever thought of being a banking employee? Commercial banking<\/a> can be a good career path, with many roles offering opportunities for career advancement and attractive pay. But some positions in the industry (such as underwriters and credit analysts) aren\u2019t expected to experience much growth, if any, in this decade. So, is a job in commercial banks a good career path for you? Read on to find out.<\/p>\n\n\n\n

What Is Commercial Banking?<\/h2>\n\n\n\n

A commercial bank typically serves businesses, government agencies, and institutions like colleges and universities. Services offered by a commercial bank usually include checking accounts, loans, and lines of credit. <\/p>\n\n\n\n

Some definitions of commercial banking include banks that serve  businesses alongside small-scale customers like individual consumers. However, banks that cater to individual consumers are more frequently considered retail banks. <\/p>\n\n\n\n

>>MORE:<\/strong> Learn the differences between retail and commercial banking<\/a>.<\/p>\n\n\n\n

Other definitions of commercial banking conflate commercial banks with investment banks<\/a>, but these companies offer specialized services, like merger and acquisition (M&A)<\/a> assistance, to companies, government institutions, and high-net-worth clients.  <\/p>\n\n\n\n

>>MORE:<\/strong> See how investment banks differ from commercial banks<\/a>.<\/p>\n\n\n\n

For the sake of this guide, we\u2019re limiting the definition of commercial banking to  those that provide general financial services<\/a> to businesses and institutions, rather than  banks designed for individual consumers or those offering specialized services.<\/p>\n\n\n\n

Examples of Commercial Banks<\/h3>\n\n\n\n

Some of the U.S.\u2019s highest-profile commercial banks are:<\/p>\n\n\n\n