Hello,
New to WSO but have been browsing the site for a week. Currently a credit associate at a top 10 by asset bank working in syndicated loan underwriting. Comp in MCOL is $120k all in on 40 hours a week so it hasn’t been bad. I’ve been at it for 5 years since I graduated college.
Looking at possibly moving as my future seems uncertain. This may have been asked plenty of times but what’s a realistic move out of commercial credit and into something with more upside earning potential? Seems like Private Credit is much more lucrative albeit more demanding. Has anyone been in a similar situation? And what did you do? Thank you in advance
Based on the most helpful WSO content, here are some realistic moves for a Commercial Credit Analyst looking for more upside earning potential:
Private Credit Analyst:
Leveraged Finance (Lev Fin):
Commercial Banking:
Corporate Finance Analyst:
Equity Research:
Real Estate (CRE) Roles:
Senior Financial Analyst:
Credit/Distressed Debt Funds:
Remember, each of these moves requires strategic planning and leveraging your current experience and network. Good luck with your career transition!
Sources: Q&A - Commercial Banking Credit Risk SVP in Southeast USA, Credit Analyst Q&A, Career Path Starting as Credit Analyst, Q&A - Commercial Banking Credit Risk SVP in Southeast USA, Credit Analyst Q&A
bump
one final bump.
Do you do any modelling? I’d reckon you just move to a front office role in a syndication desk? Or lev fin/PC if you’re good enough
Certainly haven’t built any models from scratch but have forecasted IS and cash flow for DCF. Moving to front office synd is a good idea, thanks for the response
Commercial Banking is definitely possible, as is buyside credit for a pension/insurance/hedge fund.
It's not exactly easy however. And from my experience you have to really move to where you want to be before 32-35.
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