ya there is always strong demand for corporate banking staff.

Those covering smaller corporates like business banking and enterprise banking also employ alot of staff. There are many opportunities for business banking hunters, relationship managers, product specialist / managers, cash management services, treasury sales, money market dealers, corporate credit / risk managers, operations, account services, remittance, trade services, credit administration, corporate compliance etc.

Many opportunities.

Well, since it seems like an RMIT degree is capped. How far can corporate banking bring an average joe?

Thank you so much for the info!

Quite far, once you start work it all depends on your work experience and attitude. My friends and I are UOL SIM/RMIT grads. Two are in corporating banking credit one in a offshore bank another in a Japanese bank, one is a enterprise banking relationship manager in a local bank, one is a corporate banking RM in a jap bank.

Another 2 are not in corporate banking. One is in portfolio control SCB private banking and another is in trust/custodian services Citi private bank.

Everyone is doing quite well drawing $6k - $9k in their early 30s.

Yup. Hedge Funds, Private Equity and Investment Banking are a tier of their own. I see it as moving capital and investment at the institutional level. You see the large businesses and buildings around you, they are owned and serviced by the three.

Apologies for reviving an old thread, but what is the likelihood of me switching to IB?
I have 7 years engineering experience in US (UCLA undergrad) currently doing UCLA MBA part time and will be interning at a corporate banking division of the largest bank in the world (by market cap). Will the switch be possible without an IB internship? Thanks

Close to none.

Depends. Nothing is ever confirmed - you should just try. However, you'll need to know about the finance industry as well as what IB entails.

IB for pre-MBA and IB for post-MBA tend to be slightly different; this is the reason why you may have the chance of getting into IB. Post-MBA, IB has a tendency to have a more coverage-function. That is, you source for customers (somewhat similar to corporate banking). That said, the position really differs from bank to bank, and from region to region.

In short: Just try to network your way through. There's a small chance that you'll be able to make the switch.