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Comments (16)

Most Helpful
Jun 2, 2021 - 9:39pm

If you're taking a standard credit analyst job at a bank, most of what you do will be dictated in the policies and procedures, and credit policy. Everything not dictated in that is up to you and your supervisor. For the most part, this means that you'll be able to spread your wings on the extraordinary situations and in the micro aspects of most day-to-day work . Seek those non-standard situations that seem tough to but don't go  jumping into piles of time consuming dung.

For starters, know your basic accounting and read white papers on the indstury in general.

Go, Go, Excel

  • 2
May 31, 2021 - 9:34am

Well I'm a credit analyst working for a consulting group. We are working directly with Barclays and I can tell you as a intern some what long hours, it's all figure it out yourself and it gets rough. But best thing to do is especially me, coming out of a low tier non target school, is getting your foot in the door !!!

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Jun 2, 2021 - 9:43pm

Spent a few years as a credit analyst. Most importantly become very comfortable with how to read an income statement, balance sheet, and cash flow statement and learn how a company generates cash if you are going to be doing C&I credits. Learn the importance of receivables, payables, and inventory and how those affect a company's cash flow. If your group specializes in an industry, learn about that industry. Become familiar with the different liquidity, activity, and efficiency ratios. It all ties together.

Jun 3, 2021 - 1:42pm

I moved over into my bank's treasury department where I, along with the treasurer, manage the investment portfolio and handle our interest rate risk management.

Possible exit routes if you like to stay in credit could be at a distressed fund like someone mentioned, or also with a CLO manager.

Jun 3, 2021 - 9:34am

Starting at a credit analyst is a great way to get into the industry.

You'll need to know a company's 3 smts inside and out, especially cash flow. In addition, understand the firm's capital structure and why each level of debt has different collateral claims. 

I would read Moyer's distressed book and try to pivot as much as possible to distressed / workout loans. You'll gain a strong skillset in underwriting weaker credits as well as working them out.

Good luck! 

  • Analyst 3+ in Risk Mnmgt
Jun 5, 2021 - 10:27pm

I have a question for you. I did exactly what you mentioned above for exactly the same reason and then looked for jobs in "special assets" departments -this might have been my problem- I didn't see anything special by way of working with troubled loans. I think the most transferable skills, at least at the entrier level  or maybe just at bank under $20B, is calling up the borrowers and working with them. The opportunities seemed very entry level and I couldn't justify their qualification requirements based of how they spun the job, so I just thought the ones that I had seen were BS jobs.

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