DiscoverSumo Cum LaudeTransaction Banking Explained: Better than Investment Banking? | Sumo Cum Laude Podcast #3
Transaction Banking Explained: Better than Investment Banking? | Sumo Cum Laude Podcast #3

Transaction Banking Explained: Better than Investment Banking? | Sumo Cum Laude Podcast #3

Update: 2025-05-20
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Description

In this episode, Sherwynd (Transaction Banking, OCBC) joins us for a chat over coffee to spill the tea on everything you need to know about starting your career in Transaction Banking—from the trilemma of work-life balance, compensation and love for the job, to tips on how you can ace your interview and who is/isn't suitable for the industry. 

If you're like David and the only TB you know is tuberculosis, this is an episode you need to tune in to. 

Oh, and shoutout to Monk's Brew Club for the lovely location

#sumocumlaudepodcast 



CHAPTERS 

00:00 Opening 

01:06 Meet Sherwynd, our Finance Brother 

03:51 What is Transaction Banking? 

05:04 The Role of Transaction Banking 

07:22 What do you actually do in Transaction Banking? 

12:15 Why choose Transaction Banking? 

17:51 Sherwynd's Experience joining Citibank 

18:42 Sherwynd's Internship Experiences

19:50 What does your 9-6 look like? 

22:40 Do you have chill days in Transaction Banking? 

23:22 How many hours do you work a week?

26:12 Balancing the Trilemma 

27:50 Diving into Compensation  

21:29 Progression in the Industry

32:26 101 on Breaking in to the industry 

39:21 Tips for Interview Prep

44:59 Impact of Trade War and Tariffs on industry 

46:55 Sherwynd's Food Reccs 

48:58 Last Nugget of Wisdom 


The views and opinions expressed in this podcast are those of the speakers and do not represent the views of any company, employer, or organization. This discussion is for informational purposes only and should not be considered professional or financial advice.



This is (probably) one of the realest, most unhinged, sometimes funny, most times educational podcasts about all things career. With no fluff, no bs, only facts and lots of laughs, join us as we chat with people across different industries and share some unsolicited advice on how you can break into them. 


We believe that you don't know what you don't know, so there's no harm in tuning in once in awhile.


Let us know if you enjoyed this episode and if any of the tips helped you. We want to hear what you think, and what you'd like to hear more about next!


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Transaction Banking Explained: Better than Investment Banking? | Sumo Cum Laude Podcast #3

Transaction Banking Explained: Better than Investment Banking? | Sumo Cum Laude Podcast #3

Sumo Cum Laude