Something about banking and finance attracts some conservative people. But what if that was the one thing holding you back? What if taking a risk was the thing that you needed to do to advance your career?
Today’s guest began his career as an auditor for PwC. After getting his MBA from Ohio State, he discovered the world of commercial banking and joined the Loan Syndications group at National City Bank, now a part of PNC Bank. He was then recruited to become the CFO at Horsburgh & Scott, a private-equity-owned manufacturer of large industrial gears. After a few years as a CFO he landed bank in the commercial banking world when he was recruited to form a new Syndications group at Huntington National Bank in Cleveland.
Mike Brown is a former colleague and working with him was a privilege. Not only is he great at the job, but I really look up to him for his integrity and thoughtfulness.
In this episode we discuss:
- Roles and responsibilities of the Loan Syndications Group at a commercial bank, including interactions with relationship managers, portfolio managers, credit (underwriting) and many other areas of a bank
- Various paths you can take to get into the commercial banking field
- How rotational programs within banks (or other large companies for that matter) can open your eyes to various career paths
- The importance of balancing selling to clients, developing relationships, networking and quickly reading a company’s financial statements
- Building a profitable network outside and inside your organization
- The value of taking career risks and trying new things over the course of your finance career
- Three factors that will help you be successful, even if you’re not the smartest or best salesperson on the team
Music by Elijah from NOMADS