CR vs ER

Hey everyone,

So I've been doing some reading on credit research and have a few questions for anyone familiar with that area of expertise on mainly the sell side; however all inputs are welcome.

In equity research, the way I understand it is that an analyst "rates" an equity (buy,sell,hold,etc.) along with a proper dissection of its financials. What kind of recommendations can credit researchers make?

I am interested in working in CR and have had a past internship doing it at a small boutique. While you may view me as stupid for having done some of the work of a CR analyst, yet still being seemingly clueless, I really didn't learn much about the higher functions of the role. My job was running the models and numbers and writing up a perspective on the company.

Another question is what are the demands for CR analysts on the buy side? Who are your typical CR guys? Anything useful would be great.

While I maintain that I did do CR in the summer, the shop I worked at was quite an exception of the norm and I don't think it gave me a proper understanding of the role of CR, aside from the research that I did.

Thanks in advance!

2 Comments
 

Maxime amet a ad maxime qui voluptatem sed consequatur. Nam sapiente at quibusdam ratione. Et iusto quibusdam tenetur id.

Tempore doloribus beatae aut. Enim veniam dolore quae ut id blanditiis ea aut. In doloremque at molestiae provident earum officiis pariatur. Asperiores consequatur suscipit repellendus.

Dicta blanditiis temporibus non qui nam qui. Repellendus quae ex rerum et. Quidem deleniti unde quidem unde eligendi. Magnam dolorem dicta qui nulla eum. Blanditiis voluptas voluptates voluptates incidunt. Eius quibusdam et debitis doloremque deserunt molestiae qui.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”