Credit training program

I know this isn't an iBanking topic, specifically, but I still wanted to ask you guys if what I heard was true.

A friend of mine said that a lot of BBs don't offer credit training programs anymore b/c it's so expensive. They tend to just up the salaries of new graduating trainees. Is this true?

If not, what BBs offer credit training programs?

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Comments (11)

Apr 28, 2012 - 11:30pm

I ask b/c I have a good chance for a regional training program, but I would like to make a move out of where I'm at. Preferably to NYC or LA (although I hear LA isn't much of a banking city)

Apr 29, 2012 - 11:28am

Yea most do. They are just 10 times shorter than they used to be.

Do what you want not what you can!
Apr 29, 2012 - 7:23pm

Wells Fargo probably has the most developed credit training - its 5 consecutive months of pure credit training in one of the San Fran offices. They also pay for your housing in San Fran. Afterwards you interview internally for groups that are hiring. But its only open to newly promoted associates

Array

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Apr 29, 2012 - 9:59pm

They teach you fundamental credit analysis for debt financing (primarily commercial, business, and real estate lending).

Array

Jul 22, 2012 - 3:02am

Buy side entry to the street. Will you get the credit training (Originally Posted: 09/05/2008)

I'm about to begin looking for my 1st year MBA summer internship. So far I've been focused on sell side investment banks. My rationale being that the IB's are a good platform to get the credit training needed to expand in other directions.

However, a recent MD friend of mine recommended looking at some Mezz and PE funds.

Has anyone worked as an analyst or associate for any of these funds? Does the buy-side due dillegence give someone an equivalent level of training?

Treavor

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