I currently have an offer for a Credit Analyst role at Standard Chartered, which is credit-focused and involves financial analysis, credit assessments, and some exposure to modelling.
I also have a background in corporate coverage, including an offer for a Corporate RM role at TD Securities in coverage. This is a highly front-office role, involving relationship management with corporate clients, working closely with product partners, doing slides / pricing models, and acting as the bank's face to clients.
My ultimate goal is to transition into Investment Banking, specifically in DCM or LevFin. Which path would provide a better foundation? Does the client-facing exposure and deal flow in corporate coverage offer an advantage, or is the analytical and credit-focused experience from a credit analyst role more relevant to breaking into these IB areas?
Would love to hear your thoughts and advice!
Credit Analyst 10,000%
I thought so, although I'm gonna have to swallow a compensation difference of £45k (only base)!
A credit analyst role is considered to be a 2nd line of defense, not front office, hence the pay difference. I guess you should be able to move to the lending arm in the same bank, leverage/acquisition/project finance, maybe in 2 years and not guaranteed.
Can't comment much on the coverage role, I don't know them well enough. But a 45k pay difference? If it's Analyst 1 hell yeh.
This credit analyst role do some lending as part of the role, obviously it’s IG lending so mainly writing proposals for simple stuff like Term Loans or RCFs.
Yeah salary is analysts £90k and associate £110k… very hard to pass
Tough decision to make I see... As soon as there is still some exposure to HY in the credit analyst role, I guess there is a chance for leverage finance, since that's what they look for... Good luck
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