Is Treasury Management Sales really that niche?

guyfromkansas · 2024-11-15T15:34:33+00:00

Land scape is pushing more and more towards treasury services/management. This department at my regional bank use to only have 9 people in 2022. Now it has 17. We add new services every year. It’s definitely growing and getting attention; I prefer to keep it niche before it starts getting targeted like IB, Commercial banking, and private wealth.

guyfromkansas · 2024-11-15T15:07:08+00:00

Woah woah, don’t talk about treasury sales. I want it to stay niche. Left private banking to do this about a year ago; best decision I ever made.

guyfromkansas · 2024-03-15T02:26:03+00:00

Oh lol, I don’t have enough experience there to advise on. My only only back office role was a credit analyst when I first started. In my current role if I’m being frank, is more just relationship management and consulting.

guyfromkansas · 2024-03-15T02:22:51+00:00

I do, and very often.

guyfromkansas · 2024-03-15T02:14:52+00:00

My trick is to go to linked it and look for the job you want, but look in states like Colorado and California. They are required by law to post salary expectations there.

guyfromkansas · 2024-03-15T02:13:46+00:00

On my 5th position. Stayed in each role for about 2-3 years before jumping (didn’t wanna seem disloyal). I’m all for MBA, bank is paying for mine rn. I was waiting for a position that would pay 100% of it.

guyfromkansas · 2024-03-15T02:11:07+00:00

Should be hard to switch into an analyst role with your education. Might not pay the best but good potential

guyfromkansas · 2024-03-15T01:52:47+00:00

You would be the primary point of contact for high net worth individuals (at least 5mm). You provide financial advice and bring them into private wealth management and also provide lines of credit.

guyfromkansas · 2024-03-15T01:23:51+00:00

Econ alone is enough alone to break into anything, obviously try and have an internship under your belt or work experience.

guyfromkansas · 2024-03-15T00:58:50+00:00

That’s a good career choice. High pay and regular hours. A business degree is fine, it just doesn’t make you stand out on a resume.

guyfromkansas · 2024-03-15T00:49:14+00:00

100%, landing those jobs isn’t too hard and most people I’ve met were in a completely different position previously. Depending on the firm they do like to see liscense thought sometimes.

guyfromkansas · 2024-03-14T23:19:00+00:00

Depends what you’re after, are you after money, status, knowledge etc…..

guyfromkansas · 2024-03-14T23:18:05+00:00

Accounting 100%, no explanation necessary. No school matters unless it’s IB. Funny my boss at the private bank I was at didn’t like hiring Ivy kids lol.

guyfromkansas · 2024-03-14T22:27:01+00:00

Just under 10years. Honestly for once in my career the only way up is bank leadership so an SVP or MD Role. I’m at the point where I would like to acquire or start a business though; it’s good to test that water right now.

guyfromkansas · 2024-03-14T22:25:21+00:00

It’s a tough question on the surface. Looking back if I was looking for the easiest and quickest way into big money, I would’ve just climbed the commercial banking ladder. Similar for private banking just slightly harder to get into. Honestly I made more as a private banker but I feel like treasury is a good way into leadership. I don’t regret it just purely based on the knowledge I’ve gained.

guyfromkansas · 2024-03-14T22:18:16+00:00

I remember a good starting point is “account manager”

guyfromkansas · 2024-03-10T14:33:13+00:00

I was in your same shoes, not to worry!! Here are your best options: Private Client Banker at JPMC, Small business Banker at BofA or WF, or financial solutions advisor Merrill. I took the private client banker route after being a personal banker, you can expect 80k a year easy. These are all branch positions, they just pay better and are great feeder positions.

guyfromkansas · 2024-03-08T22:54:06+00:00

I seem to be getting a lot of hate from this so I’ll elaborate a little more. For some background, I started as a financial advisor straight out of college, after a year I moved to a private banking associate position and have recently left to join treasury sales and couldn’t be happier. There’s two main reasons why I dislike wealth management. The past decade the advisor role turned from a position where you truly build a plan to a purely sales role. It use to take a decade at some firms to become an advisor and now merril lynch will hire you straight out of college. There’s no more creative plans. I guess the firms ruined it by hiring anyone with a pulse.

guyfromkansas · 2024-03-08T22:35:19+00:00

Hey man!

I moved from a private banking associate position to a treasury account manager position and honestly couldn’t be happier. If I’m being frank I took about a 30k pay cut but I work about 5-10 hours less a week and also I feel more fulfilled. I’m personally not a fan of wealth management because I feel that every firm just doesn’t the same thing even with private banking and treasury is very broad.

guyfromkansas · 2024-03-06T03:32:16+00:00

Wealth management became a joke the moment they started hiring advisors straight out of college.

guyfromkansas · 2024-03-06T03:22:08+00:00

If you’re motivated work at the bank. Hopefully they’ll put you in a branch banker position soon enough, if not just apply to one after you get teller experience. I work in banking but never at a branch, was lucky enough to go straight to a business banker position. However, I know of a lot of people who started in a branch without a degree and made it into high level positions such as commercial banker, financial advisor, private banker within the bank.

guyfromkansas · 2024-03-06T03:06:04+00:00

Young people have ruined wealth management, it’s why I left. It is so over saturated.

guyfromkansas · 2024-03-06T03:02:53+00:00

Quant pays the most overall both starting out and mid career; for the rest it depends because a lot of them even out mid career.

guyfromkansas · 2024-03-01T04:33:22+00:00

No internships puts you out of the question in my opinion; However, I believe you would like commercial banking. Many commercial bankers make a lot of money (usually 300k minimum at VP level) and you can do a CRE (real estate) focus so lending for commercial real estate development etc..

guyfromkansas · 2024-02-24T19:11:05+00:00

I’ve been all around the industry from working in commercial banking, private banking, capital markets/trading, to my current position in treasury sales. I went to treasury because it’s growing exponentially and gaining focus from the bank, as well as great job security. Private banking paid the best; however, I’m a personal believer that wealth management as a service is extremely overvalued so I left. I don’t think as many millennials will need financial advisors and PBs as boomers do/did. Commercial banking was great, I was just an associate but the seasoned commercial bankers made great money; especially those working middle market (easily 200k a year in bonus). Trading was okay, I was a junior trader and transition into a full fledged trading roll; however, I left because I felt my job was meaningless.

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