Stuck in Coverage at Major UK Bank, Offered Credit Analyst Role at Another Bank– Path to LevFin?
I’m currently a Relationship Manager Assistant in mid-cap corporate coverage at one of the major UK banks, based outside London. My role involves about 80% client meetings, administrative work, and client servicing. My manager has been supportive in helping me explore a transition into our debt structuring teams (specifically structured finance/levfin), but these roles are highly competitive, with plenty of graduates and external applicants in the mix. I do a lot of shadowing on deals and participate in training sessions with the teams to gain as much knowledge as possible. However, I worry I might struggle to compete against graduates who’ve completed rotations in these teams or external applicants from other banks vying for a levfin role.
I’ve recently been offered a Corporate Credit Analyst position in London with Standard Chartered, focusing primarily on investment-grade. From what I understand, this role involves traditional credit analyst responsibilities (i.e. credit approvals) alongside some portfolio management tasks like monitoring, reviews, inputting into financial models for credit ratings, etc.
My ultimate goal is to break into LevFin, so my thinking is to leverage this credit analyst role as a stepping stone to later move into a structuring position. Does this sound like a feasible path, or does it make more sense to stay at my current bank, try to do as much shadowing as I can, and then move internally? How much financial modeling can I expect in a credit analyst role? Also, how does Standard Chartered compare to one of the major UK banks (tip: not HSBC / Barclays)?
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