Hey everyone- I looked around on this site, and others, and haven't been able to find an answer to my question. A little background; I have been working as a credit analyst for a 1B community bank in ND. I really enjoy going to work everyday and would like to stay in credit for my entire career. The problem is they do not pay enough and so I would like to work for a corporate bank as an analyst. I have zero modelling skills but have learned a decent understanding of general lending risk. My question is what size of corporate banks would be attainable for me? Also how much modelling would I have to know to work at a JPM/Wells/City/BoA etc.. If possible I would like to work 60 hrs a week and make 100k a year. Just curious on peoples thoughts on this. Any answers on this question would be much appreciate, thanks.
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IMO, jumping from 1B to JPM is going to be a leap. You'd most likely end up in the small business segment or something. Why not target banks in the 20-30B space? You can attack this in a couple ways.
1) Move up the food chain in ND.
http://www.ibanknet.com/scripts/callreports/fiList.aspx?type=statebank&…
Looks like Bell State is the big dog in your state.
2) Try and relocate and get a job in a bigger bank, but still within reason
http://www.ibanknet.com/scripts/callreports/fiList.aspx?type=031
Could someone please move this thread to the I-banking forum? That might be a more appropriate place for the question.
Most corporate banking roles I know of don't require hard core modeling. Maybe some cashflow modeling. TBH, they will have a template you fill in and it is done for you. Credit is pretty simple at a senior level.
Appreciate the response.
Would it be attainable for someone playing in the MLS to switch to FC Barcelona? No answer needed. Keep up in your 1B community, that's your place buddy.
Why would you respond to my question? If it was so obvious to me, then I wouldn't have asked. How would anyone learn/grow if they couldn't ask questions that other people thought had obvious answers? When you grow up, I hope you realize that answers like these do not provide added value. It's pathetic that you would patronize anyone on a message board.
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