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Need some guidance here...

I've been working as a credit analyst in a commercial banking group for just under 1 year. The job included 4.5 months of formal credit training, which is why i originally signed on in the first place. Now that training is over, I've reached the end of the rope and I'm looking for something new. I'd like to jump into an ib analyst position by mid-fall of this year.

Does anyone have experience with the credit analyst to ib analyst transition? If so, I'd appreciate any thoughts or advice on the subject.

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Comments (10)

  • Izzy's picture

    I'd be interested in hearing response to this as well. I also completed a formal credit training program

  • jiggider's picture

    Very curious as well. Any input is greatly appreciated.

    And OP...just curious. What do you mean by "end of the road"? Is there not much of a future in commercial banking? What is typical compensation look like down the road. Is IB really that much better?

  • NYCStudent's picture

    I know two people who have successfully made the transition from a credit analyst to IBD analyst; however, this was achieved through networking extensively. One of them was in corporate banking credit and the other was in commercial banking credit.

  • clammers1234's picture

    I know a guy who made the jump from BB corporate credit to IBD and I'm making the jump as a summer in credit to banking. Like mentioned above, networking is key.

  • In reply to jiggider
    Tweeter's picture

    jiggider wrote:
    Very curious as well. Any input is greatly appreciated.

    And OP...just curious. What do you mean by "end of the road"? Is there not much of a future in commercial banking? What is typical compensation look like down the road. Is IB really that much better?

    To answer your question breifly... Here are a few reasons why I am trying to move out...
    1. Sub-par exit opps (only dcm and lev fin, maybe)
    2. Slow-paced environment
    3. Not a competitive atmosphere among analysts
    4. Lower-tier compensation compared to other areas of finance

    I wouldn't let those thoughts discourage you if it's where you want to end up. There are plenty of positives to cancel these out. PM me if you have anymore specific questions.

  • In reply to Tweeter
    ValueInvesting's picture

    Tweeter wrote:
    jiggider wrote:
    Very curious as well. Any input is greatly appreciated.

    And OP...just curious. What do you mean by "end of the road"? Is there not much of a future in commercial banking? What is typical compensation look like down the road. Is IB really that much better?

    To answer your question breifly... Here are a few reasons why I am trying to move out...
    1. Sub-par exit opps (only dcm and lev fin, maybe)
    2. Slow-paced environment
    3. Not a competitive atmosphere among analysts
    4. Lower-tier compensation compared to other areas of finance

    I wouldn't let those thoughts discourage you if it's where you want to end up. There are plenty of positives to cancel these out. PM me if you have anymore specific questions.

    I'm a former BB credit analyst in IBD.

    Not sure how you consider LevFin subpar. Also few of my former analyst classmates were poached before even finishing the program. Two are at a credit based hedge fund. One is in credit PE. Multiple others in DCM and LevFin roles.

    Slow-paced environment? Sure if you like working 80+ hours a week

    Not competitive amongst analyst? You're right. Since being in IBD, alot more people are willing to throw each under the bus.

    Lowered tiered compensation? You're right again. I am so glad I am making 30% more and working 40 more hours each week. I guess that's a sound logic for some.

    Here is my take.

    IBD is more equity oriented and credit analysts are more debt oriented. Both are good positions in their respective fields. Both have very good transformable skills. It depends on what the person wants to do. To the OP, if equity is your goal, go for it, but know the differences between a credit analyst and IBD.

  • MPBYO's picture

    If you're talking about WF Credit Management Training Program doesn't that put you at the Associate level?

  • AnalystMonkey2769's picture

    maybe you'd have an advantage to a specific group in IBD? like Lev Fin? im not sure, just suggesting that maybe a targeted search would be better..

    I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG

  • In reply to MPBYO
    Tweeter's picture

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