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2025 Commercial Banking Internship Los Angeles - job 1 of 2

Commercial Banking Summer Internship Program, (Intern)Location: Los Angeles, CA (Hybrid)Start: June 2025Summary:The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity. This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years.Position Responsibilities:Portfolio Management Support• Collect and monitor financial information.• Work with Portfolio Manager and Relationship Managers on client support.Sales Support• Industry research.• Preparation of marketing materials.• Prospect identification.Project: Prospect Identification and Marketing Plan Development• Work with the team to understand the target customer profile.• Leverage resources such as LinkedIn, publications, etc. to identify prospects.• Use industry research to develop value proposition and marketing plan with the Relationship Manager.• Create an introductory presentation for the prospect meetings.Commercial Underwriting• Observe the process for spreading financial statements and underwriting loans.• Complete a special project to refine key Commercial Underwriting resources.Interns will also have opportunities to:• Have an experienced Relationship Manager as a mentor• Observe how new business is generated through referrals, prospecting, and networking• Network with executives within the Commercial Bank division• Meet with leaders within the Credit organization• Meet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutions• Participate in training opportunities offered by ComericaPosition Qualifications:• Rising College Senior Status; Must be within 12 months of graduation (Grad year Dec 2025 or Spring 2026)• Accounting, Finance, Business major preferred• Overall GPA of 3.0 or above• Two Accounting courses completed with 3.0 average• Six months experience Microsoft Office products, Word, and Excel• The ability to work independently as well as in a team environment• Excellent communication and interpersonal skills• Previous customer service and sales experience preferred• This position is not eligible for sponsorship. Must have indefinite employment authorizationWork Best Category:Category C - Days in the office will either be designated days or will vary week to week from 2-5 daysHours:Monday - Friday 8:00 am - 5:00 pmSalary:$27.00-$28.00 HourlyAbout ComericaWe know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.Upon offer, Comerica conducts a comprehensive background and fingerprint check.NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

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What You Should Know About 2025 Commercial Banking Internship Los Angeles, Comerica

Join Comerica as a 2025 Commercial Banking Intern in sunny Los Angeles, CA! This comprehensive 8-week internship program is perfect for rising college seniors who have a passion for business banking. Whether you aspire to be a future relationship manager, portfolio manager, or underwriter, this opportunity is tailored just for you! You'll experience the dynamic relationship banking environment that has connected Comerica with its clients and community for over 170 years. Throughout your internship, you’ll support portfolio management by collecting and monitoring financial information and collaborating closely with Portfolio Managers and Relationship Managers. You will also dive into sales support activities, including conducting industry research and preparing marketing materials. One of your key projects will involve prospect identification and marketing plan development, using resources like LinkedIn to create a compelling value proposition. Plus, you’ll gain insight into commercial underwriting processes and have access to mentorship from experienced professionals. With a focus on excellent communication and interpersonal skills, this internship provides a fantastic avenue to network with leaders in the Commercial Bank division, learn about Treasury Management solutions, and even participate in specialized training sessions. So if you’re a student majoring in Accounting, Finance, or Business with a GPA of 3.0 or above, and are eager to dive into the world of commercial banking, this internship at Comerica could be the stepping stone to your future career!

Frequently Asked Questions (FAQs) for 2025 Commercial Banking Internship Los Angeles Role at Comerica
What are the responsibilities of a 2025 Commercial Banking Intern at Comerica?

As a 2025 Commercial Banking Intern at Comerica, you will actively participate in portfolio management by collecting and monitoring financial information and collaborating with Portfolio Managers and Relationship Managers. Your role will also include sales support tasks such as conducting industry research and preparing marketing materials. Additionally, you'll be involved in prospect identification and help develop a marketing plan, while also having the chance to observe commercial underwriting processes.

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What qualifications do I need for the Comerica 2025 Commercial Banking Internship?

To qualify for the Comerica 2025 Commercial Banking Internship, candidates must be rising college seniors, ideally within 12 months of graduation, with a preferred focus in Accounting, Finance, or Business. You should have an overall GPA of 3.0 or above, coupled with the completion of two accounting courses averaging 3.0. Familiarity with Microsoft Office products is crucial, alongside strong communication skills and a desire to work in a team.

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What is the structure of the Commercial Banking Internship program at Comerica?

The Commercial Banking Internship program at Comerica is designed as a comprehensive 8-week journey where interns will gain practical experience in various aspects of commercial banking. Interns will engage in portfolio management, sales support, and commercial underwriting while receiving mentorship from seasoned professionals. There's also an opportunity for networking with executives and exploring different areas of the banking industry.

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What is the work schedule for the 2025 Commercial Banking Internship at Comerica?

The work schedule for the 2025 Commercial Banking Internship at Comerica is Monday through Friday, from 8:00 am to 5:00 pm. Depending on the week, interns will work between 2 to 5 days in the office, providing a blend of hybrid work flexibility, allowing students to balance their academic commitments with their internship responsibilities.

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What benefits does Comerica offer to its Commercial Banking Interns?

Comerica is dedicated to supporting its employees, including interns, by offering a comprehensive Total Rewards package. While specific benefits for interns may vary, students can expect access to health and welfare programs, professional development opportunities, and generous paid time off. This investment in your future is a hallmark of Comerica's commitment to fostering career growth.

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Common Interview Questions for 2025 Commercial Banking Internship Los Angeles
What interests you about a career in commercial banking?

When answering this question, focus on your passion for building relationships and helping businesses succeed. Mention specific aspects of commercial banking that excite you, such as portfolio management or client interaction, and tie it back to how the internship at Comerica aligns with your career aspirations.

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How do you handle challenges when working on a team?

Share a specific example of a team project you worked on, emphasizing your role in addressing any challenges. Highlight your communication skills and adaptability, and illustrate how collaboration can lead to successful outcomes—even in difficult situations.

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Can you discuss your experiences with Microsoft Office products?

Outline your proficiency with Microsoft Office, particularly in Word and Excel, as these tools are critical for the internship. Provide examples of tasks you've completed using these applications, such as creating spreadsheets, managing data, or drafting documents, to demonstrate your competence.

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Describe a time you conducted market research. What was your process?

Use this question to showcase your analytical skills. Describe a specific instance where you gathered and analyzed data to identify market trends or manage a project. Detail your research methods and the outcomes, highlighting your ability to leverage resources effectively.

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What are your career goals post-internship?

Be clear about your ambitions and how the internship at Comerica fits into your career trajectory. Discuss your interest in roles like relationship manager or portfolio manager, and explain how this internship provides the necessary skills and connections to help you achieve those goals.

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How do you prioritize your tasks during busy periods?

Explain your time management strategy. Discuss how you assess deadlines, prioritize tasks based on importance and urgency, and stay organized—whether through digital tools, to-do lists, or calendar blocking—to ensure you meet goals efficiently.

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What role does customer service play in commercial banking?

Emphasize the critical importance of customer service in establishing trust and maintaining relationships in commercial banking. Discuss how understanding client needs and providing excellent service contributes to business success and client retention.

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Why should we choose you for this internship?

Highlight your unique qualifications and enthusiasm for the role at Comerica. Talk about your academic achievements, any relevant internships or experience, and your eagerness to bring your skills to the team while learning from industry professionals.

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What is your understanding of portfolio management?

Provide a succinct overview of portfolio management and its significance in commercial banking. Mention key components like risk assessment, client relationships, and financial performance monitoring, and demonstrate your eagerness to learn more through this internship.

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How would you approach developing a marketing plan for a potential client?

Outline a strategic approach, beginning with understanding the client's needs and market conditions. Discuss how you would conduct research, evaluate competitive offerings, develop a value proposition, and present your plan to highlight the benefits of working with Comerica.

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Internship, hybrid
DATE POSTED
December 15, 2024

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