How to break into Corporate Credit Analysis?
Hey Guys,
Please help me out here.
I got both BS and MS degree in finance from non-target schools. I am working at a rating agency (not big 3) at NYC, that provides ratings for our clients' counter-parties, usually are vendors and service providers. We conduct financial statement analysis and brief industry analysis.
I really want to make a transition to the Big 3 rating agency or large banks as a corporate credit analyst related area. I am planning to take Credit Training Program (NYU Continuing Education course; 5 full days cost $1300) and the public course Advanced Corporate Credit Analysis offered by Moody's (3 Full Days cost $3800).
Currently it is hard for me to knock open the doors for interview opportunities, I wonder if these training programs and public courses are beneficial and could potentially lead to career transition into Corporate Credit Analysis field.
I really need your inputs! Please advise if these classes are worth the time and money and let me know if you have better ways!
Please kindly give me some advice. Really appreciate it!
I don't think it will be difficult for you to break-in at all, and I don't think you need to take that class (as you likely will receive that training). If I were you, I'd initiate coffee chats at banks you're interested in ASAP and try to enroll in their credit/corp training programs (just about all the big banks have them).
Thanks very much for the advice. Networking is definitely important, and I will try harder on this part. But I have worked for 5 years, I don’t want to start at an entry level position. That’s why I’m trying to study as much as I can since my current area is not directly related. I thought those training programs at bank are only for fresh graduates and junior level new hire. I hope I can catch up by taking classes and prove I’m qualified for mid-senior level (2-3 years) position. Taking those classes (project based group study) at Moody’s with some current Moody’s employee (I guess there are) would also help me networking. This is just my thoughts.
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