Hey everyone,
I have just joined a credit risk group at a BB (think JPM, BAML, WF..). My specific group is working along side with the investment banking/corporate banking coverage group and performing credit risk assessment & underwriting credit memo. While the pay is not nearly as good as IBD, my group does have a lighter schedule and the deal flow is quite good.
Skill wise, this role, from my observation would be heavy on cash flow/liquidity based financial models and also due diligence on industry specific clients. The more senior level do talk to clients constantly but as an analyst, I don't think I will get too much exposure to that aspect.
So here is my question for you all: while I like this position, I really want to transit to a more active group such as DCM and Corporate Banking. I know networking is important but would want to know what are some other skills/resources I should have in order to maximize my odds .
Also, I am also thinking about CFA v.s. MBA. For my exit plan, which do you all think would be a better option. If you guys have any other advice/insights please please share with me. Thanks a lot.
I feel like I just answered a very similar question to this a week or so ago in another thread...
Arguable whether credit risk or corporate banking is more boring, as an aside.
Is the risk management thread you are talking about? From my perspective, we are not same as the risk management because we also have a risk/compliance group behind us. So even though we cover credit risk, we actually care a lot about profit/margin, or as my MD said, we are really revenue driven.
That part aside, why do you say Corporate Banking is boring? Any insights would be great!
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