Hey everyone, one of my friends has a superday with JPM's CIB Credit Risk program coming up, and just wanted to know what to expect/how to best prepare. What will the technicals be like (similar to banking or more of a focus on credit)? Are the behaviorals just the standard behaviorals? Anything else to look out for? Thanks in advance!
| +189 | Americas M&A League Table Q2 Updated | 75 | 15h |
| +141 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 36 | 6h |
| +118 | Restructuring: Anti-climactic Experience | 31 | 8h |
| +86 | IB Net Worth / Savings Check | 38 | 3h |
| +75 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 2d |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 1d |
| +48 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 12 | 11h |
| +40 | Investment Banking is Hard | 17 | 1d |
| +31 | PWP vs BofA | 24 | 4h |
| +30 | AI + Financial Modelling | 7 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Expect technicals to be mainly focused on credit, even though you could also get a few basic IB technicals.
Hey thanks for your response. What kind of credit technicals should be expected? And by basic IB technicals do you mean stuff like basic accounting and valuation, etc. (My friend is in a liberal arts program with limited prior accounting/finance knowledge)
bump, would appreciate any other insights
I would know a few different financial ratios and/or common covenants. I work in Oil&Gas corporate banking for instance, and we typically see a max debt/ebitda (aka "leverage") covenant of 4.0x and a maximum current ratio covenant of 1x, which are tested quarterly. I have to think most secured facilities in every industry contain some sort of cash flow and liquidity ratio test so brush up on what those are. I think for Credit Risk it will mostly be qualitative, but it wouldnt hurt to brush up on the basic IB and accounting technicals like "walk me through the 3 financial statements" "how do you get to free cash flow from net income"... stuff like that.
Learn the 5 C's of credit and be able to drill down and speak about each C for 1 minute or so.
Understand that a bank will never lend without at least 2 ways of getting paid back. The primary way is always cash flow from operations, in that we will never lend if the company's cash flow cant repay the loan in an adequate amount of time. The other ways of getting paid back vary but usually include asset sales or refinancing in the capital markets
wheres your friend
Blanditiis et a eaque molestiae et reiciendis. Assumenda esse quia quia ea dignissimos. Aliquam incidunt commodi maxime animi. At neque at ut assumenda deleniti. Dignissimos autem accusamus quam qui mollitia. Et quae quasi voluptatem. Distinctio voluptas maxime quia sit id autem.
Earum dolores distinctio incidunt. Ut non odio id dolore. Voluptatem quasi qui laborum expedita quia doloremque.
Commodi repudiandae aut dolorem molestias veniam. Eum dolor iusto incidunt vero quod. Est illum est velit illum itaque modi. Qui et itaque illo non inventore eaque.
Debitis molestias consequatur mollitia aliquam quia unde nam. Sit quos culpa quam tempore aut. Dolorem at praesentium perspiciatis voluptas. Reprehenderit totam minima assumenda velit voluptatem qui et. Quas earum in est. Aut autem eligendi consequatur doloremque dolores id aut. Omnis nihil similique veritatis culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...