I'm looking for a career advice / different perspectives into which role I should take if my end goal is a front office position in IB/HF/PE/VC/AM Quick Summary: Graduated with a mathematics degree in 2020, CFA level III candidate. 2 years retail banking experience (credit analyst) assessing residential loan applications, been offered a back office role (operations) for a middle market alternative investment firm specialising in PE, VC & Credit. I'm been having troubles landing any FO jobs so I'm leaning towards taking the back office role as it would provide valuable insights in the
23 Jun 2021
Background: I work for one of the largest banks in the world by assets, in credit analysis. My job is basically to analyze the credit risk of large corporates (generally more than $1Bn in revenue). Products are not limited to loans and revolvers, but extends to everything under the sun that is credit related. I have a non-target background but worked at a major firm before this. Ask away!
15 Oct 2016
Hello all, I am currently deciding between two offers, both from regional commercial banks (~$10B in Assets). One offer is less money and offers a formal credit training program, while the second is a lot more money, but with no credit training. The goal is to move into a LevFin role down the line, but I am wondering how valuable the credit training is, and what kind of weight it holds. Appreciate the help.
27 Mar 2019
I'm about to be a graduate of the Class of COVID-19 from a non-target school. I'm exploring career opportunities in finance and, since there are so many of them with various titles, I often get confused about what the jobs entail. With that said, could somebody please explain the differences between these jobs in terms of the responsibilities? Some of them seem to overlap to varying extents and I found that one credit analyst position might be different from the next. Thanks in advance.
02 Apr 2020
I am currently working as an investment analyst in the wealth management space (coming up on one year experience). I am looking to get into a more financial rewarding career. I have received an offer from one of the big banks for a credit analyst role, and an offer from a boutique for a capital markets analyst. The salaries between the two are not dramatically different, but I am more curious which career path is more rewarding / more exit opps? Thanks in advance.
20 Mar 2018
Hey guys, I'm currently a middle market credit analyst for a larger regional bank. Internally, I'm on the career path to become a lender. Last week I was approached by a recruiter from a private equity company. I have always wanted to move to private equity, but I thought it would take a couple more years to develop the skills I'd need to make the move. Anyway, they have a couple of associate jobs open that they'd like me to apply for, risk associate (sounds like periodic reviews of portfolio companies) and leveraged finance associate (working on new transactions). Which of these two should I
19 Nov 2017
Hello guys, I will be graduating from my masters study this year and I am still deciding my future career path. Some people suggested credit analyst to me and I would like to hear some insights from you guys. 1. What is the compensation and salary progression of credit analyst in Credit Rating Agency/iBank/Normal Bank? 2. What is the work life balance like in Credit Rating Agency/iBank/Normal Bank? 3. Are the exit opps good in Credit Rating Agency/iBank/Normal Bank? I know there are a lot of questions, really appreciate any help. Thank you.
11 Jul 2021
I'm looking for new perspectives into which role I should take if my end goal is a front office position in IB/HF/PE/VC/AM Quick Summary: Graduated with a mathematics degree in 2020, CFA level III candidate. 2 years retail banking experience (credit analyst) assessing residential loan applications, been offered a back office role in operations for a middle market alternative investment firm specialising in PE, VC & Credit. I'm been having troubles landing any FO jobs so I'm leaning towards taking the back office role as it would provide valuable insights in the investment management space and
23 Jun 2021
Hi, thank you for taking the time. I have been working as a corporate credit analyst at one of the top rating agencies for almost 2 years now and I realized that a lot of the experienced that I have gathered are very transferable to a IBD position. I have been getting a lot of offers from recruiters to do credit risk or origination but I would rather move into IBD. Frankly because of course the compensation, but also I would like the challenge very much. My question is: Is making the move to IBD from credit analyst doable or am I better off going into credit risk? If reasonably doable, what
06 Jan 2016
Long story made short; studied Finance and Econ for state non-target, got into selling mortgages after graduation (1 yr experience thus far) and I'm interested in commercial banking. First internship was one year part time in investment advisory, second intern as commercial mortgage analyst for a LifeCo. Did some interesting CFA challenge and equity analysis classes during undergrad. Was interested in pursuing banking after graduation and landed a few interviews but needed a job to get my feet under me. Is commercial banking at the analyst level a stupid jump? Retail mortgage lending is fairly
23 Sep 2019
Got two job offers, both are for Credit Analyst. One is a smaller bank, $60b in assets, another from a large bank (SBA) with over 1.5 trillion . They pay the same, the smaller is bonused, the larger obviously has its name, very thorough training and more volume. The smaller bank has a close nit team where i would get lots of exposure and probably make more in bonuses. Money isn't a huge negotiator, I'm more worried about building my career in considering my resume for future growth and an MBA. My current boss, at a boutique non bank group, immediately said to go big bank. Looking for some
12 Apr 2017
Hey guys, I am completely new to Finance and WSO. I have a job at one of the top BBs (as they are called on wikipedia - Bulge Bracket, I guess) and am expected to join after summer 2014. My work profile is that of a Credit Risk analyst. For someone who is from an engineering background, could anybody tell me what sort of work does a credit risk analyst do. Is it considered intellectual/respectful? What are the exit options and if someone stays in the job, what can one go on to achieve? Also, since I have practically zero knowledge about Finance, what should I do to get me up to pace and
03 Jan 2014
So BNY Mellon decided they were going to hire first year analysts and have a formal 2-3 month credit training program. The title is "Credit Risk Analyst" and there will be between 10 and 30 kids in the class from my understanding you get significant responsibility in terms of meeting with the chief risk officer and speaking with treasurers and CFO's of major companies (of course after a year or so) so some client interaction is possible, since the teams are so small. You are also only dealing with f500 and f100 global companies and dealing with tens or possibly a hundred millions of dollars
02 Feb 2012
Hey guys, Needed some help in figuring out this interesting job description, which seems like a dual role in Investments and Credit...would like to hear what people get from the description: The Investment/Corporate Credit analyst will provide unbiased, well researched proprietary corporate and sponsor credit risk assessments across a wide range of company/sponsor, real estate types using any and all public and private data resources. The analyst's primary role will be in support of the Net Lease Asset (NLA) initiative but secondarily in support of other Investment and Asset Management
08 Oct 2015
Hello, I'm looking at a job posting for a job as a credit analyst covering large corporations at a large IB. Does anyone have any idea what kind of hours this job might entail? Thanks!
28 Jun 2016
Hello, I just found out I have a rather long in person interview for a corporate credit analyst position at an international IB. what kind of technical questions might I expect to get? The position is in lending, not research or S&T.
28 Jun 2016
Bit of context: I'm in fixed income manager research and I've got a decent-ish grasp of the markets but where I want to build knowledge is within individual security analysis (plan is to eventually go buy-side as an analyst) I'm curious as to what models are used to value a credit, particularly fair value, required yield, probability of default etc. I know there is a ton of information out there on ER although I'm skeptical as to whether much of this applies to FI in terms of the modelling. I've got a few books on FI but an overview of the analytical process from someone actually in the game
13 Mar 2019
Monkeys, Humans and those in between, -Been reading forums for a bit, thought I'd ask for some tips/info -My Background: 2yrs removed from college with business & finance major. Work experience from college till recently was residential RE investing family business. I've become keenly interested in commercial real estate (as a minority, I don't bump into people in the space so wasn't on radar) and am questioning best roles to get into based on my career objectives. Ultimately, after going through law school I'd want to work in the commercial real estate &/or energy sector with companies that
02 Aug 2020
My career path has been somewhat unorthodox thus far, I'm actually pretty happy I've made it this far, but I'm totally burned out. The problem is that I don't know what my next move is, or what I'm necessarily qualified for. A little background first – I screwed around in undergrad and I graduated midway through the recession without a job. Luckily I finagled my way into business school at my alma mater and earned my MBA. That's probably one of the better choices I've made. I enjoyed my classes, did a congressional internship, and fell backwards into a career in commercial banking. I started
12 Dec 2016
I currently work in the back office of a mutual fund - my responsibilities include daily reconciliations, generating performance reports, communications with third parties etc. As I have been actively seeking job opportunities, I now have two job offers: 1. Credit analyst for a major commodity trading company specializing in the agriculture sector. The role will be providing a list of no-trading companies to the traders based on credit analysis. 2. Financial Analyst for a small & medium size company - the role will work with accounting and sales in budgeting, forecasting, etc. I now have to
20 Oct 2018
Currently I am 23 graduated May '11 with degree in Econ/Finance and will get my MBA Aug '12 (in 2 months and have a 3.45). I am in the running to get in the Credit Analyst Training Program and was wondering what I could expect or look forward to if I got it? Also I was curious if anyone worked as Commercial Credit Analyst and had any thoughts or opinions on it the position in general. Or if anyone was in a training program. Just tryin get some advice before the interview next Friday. Thanks
25 May 2012
I'm a recent grad from a competitive liberal arts undergrad (think Colgate, Bucknell, Kenyon, Richmond, etc..) and long time reader of WSO. I have a degree in the social sciences, but have been networking for the past year within the financial services industry (no SA internship). I have 2 offers that I am currently deciding between: A. Middle/Back Office Internship @ very well-known hedge fund in the NY area: - This would be paid and has a duration of 4 months till March. - The Fund has helped past interns find positions at other firms (F.O. positions included) B. Credit Analyst at BB in one of their real estate lending groups. - It's an actual job (FT offer); not an internship.
18 Oct 2011
Hey guys, Currently a senior at a non-target SEC school graduating in May. FT recruiting did not exactly go my way in the fall, and now I am stuck searching for positions during my last semester. Right now, I am looking heavily into credit analyst jobs, both at regional banks and other (manufacturing, etc) companies in the area.
27 Feb 2015
Hi All, Received a FT offer from a BB to work in the credit underwriting division. Possible credit underwriting groups are equities, munis, rates, and securitized products. More generally-- was wondering what the best group would be to work at in terms of advancement + exit opps, etc. And then more specifically-- if looking to transfer into IBD, DCM/ECM, or mezzanine/credit fund work. Thanks in advance.
20 Dec 2019
This is my first post on WSO if we could keep the shit throwing to a minimum that would be great. I've been reading through credit analyst related topics and was looking for some more information. I was wondering if this was a good first job out of undergrad and what some potential exit opportunities may be. I decided to start an new thread, because all the responses on other threads say pm me. Thanks in advance fellas
26 Mar 2014
Just started as a commercial credit analyst in a BB. Basically assessing credit risk. Obviously we do modelling, although only from templates at this stage. People who stay in this role tend to either move up the ranks within credit risk or become relationship managers. The work is interesting, I'm in a good team and the pay is pretty good. However, I can already tell that there is a limit to the skills I'm going to be developing if I stay, confirmed from what people have written on here. Becoming a relationship manager doesn't really appeal. In about 18 months or so, I'd like to start a role
11 Dec 2016
What information and/or insights are you willing to share about life as a credit analyst at a small community bank? This bank is in a large Texas city and does mostly commercial loans and revolvers. I'd like to know what the usual compensation is and what sort of career paths and exit opportunities are available. I know I don't have a clear path to IB, PE, or HF, but that's fine with me. There probably aren't many people with this kind of experience on this board, but anything helps.
23 Jan 2015
Monkeys, -Long time lurker, first time poster. Some background on me... -Non-target state school 3.55 qpa, Finance major (3.8 gpa), Econ minor (December 2012 grad) -Taking CFA L1 in June I recently accepted an offer at a commercial bank as an RE credit analyst (starting in 3 weeks). The position sounds interesting and I feel like I'll definitely learn a lot about the industry. However, my ultimate career goal is something in valuation/acquisitions. Would it be possible to move to a REIT after a year or so? Has anyone ever made the switch? Just looking for some guidance/opinions here, thanks guys.
21 Dec 2012
I am reevaluating my career path, any input and advice would be appreciated. How are the exit opportunities for a CFA level 3 candidate working in corporate credit ratings at a CRA for the TMT industry (masters/MBA position with client and c-suite interaction)? Prior to this, I worked a few years at a BB in a portfolio monitoring role (financial analysis and internal credit ratings for a leveraged product group). Interested in asset management in tech/media or corporate finance roles at tech/media firms.
19 Sep 2018
Out of the blue I got a call from a bank in my city for a credit analyst position. They found out about me through some people I knew at the bank. This is a commercial banking position. I never gave much thought regarding working for a bank, as I always have wanted to do commercial real estate. I think this position can lead to a lot of different opportunities.
30 Jun 2010
Hi everyone, I am not a candidate for BB positions, but I am looking at positions at CBs that do not involve working 8-4:30 at a branch selling life insurance and checking accounts. Two positions I am looking at are Commercial Credit Analyst and Commercial Credit Risk Analyst. Which position do you feel would offer the best transfer of skills into front office associate positions at either CBs or IBs after b school? Also, at HSBC they require four years of financial experience or equivalent for their risk analyst position. What is commonly considred as equivalent in a case such as this? If school is not equivalent, then it seems that no recent grads will be accepted.
03 Oct 2010
Hey everyone, Last week I posted a topic about how I was working at a commercial real estate firm as an intern for the past year and I was not sure how much longer I should stay with them. Well, that firm offered me a position as a broker (or salesperson). 100% commission, 60/40 Split. I would get 5-10% commission on their deals that I work on (number crunching, marketing, design work, etc basically the stuff I did during the internship) Hopefully this does not sound like bitching butttt....
08 Jul 2010
Hello people my first post ever in wso! My current situation: I am a recent graduate with an accounting major from a semi-target school. My school has a very top accounting program but it's only a semi-target. Currently, I am in NY trying to seek a job opportunity to begin my career. My GPA is 3.41, with tax internship and other "work experience" not relate to finance/accounting world but does involve communication with clients. I am also on my way to pass the CPA exam, I have already passed AUD and BEC section, next section will be REG, I tried FAR before and the score is close to passing but
07 Oct 2017
I have been searching but found mainly inactive users. Most threads had relatively recent posts, but mainly people trying to figure out a few things. Would be good to hear from you. And, if you could drop some tips on how to hit the ground running that would awesome.
26 Aug 2016
I've received an offer from a BB bank as Commercial Credit Analyst but, I'm debating to take this offer or stick around a bit longer around in my current firm and look for something better. My current situation is that I'm currently working in small European bank in a corporate banking credit risk review and monitoring function. I've been in this position for around a year but, the bank is going through restructuring although its unlikely that I'll lose my job. I'm also finishing up my Masters in Finance part time. The pay the BB is offering is the same that I'm currently making now. Would you
30 Sep 2017
Which one would be better to start a career in ? Both positions offered at a brokerage firm. Execution traders are someone who are just "filling paper".The FSA registered "senior" brokers talk to the clients and then shout orders to the guys on the screens (execution trader).The job is to fill orders with no discretion of yours. I am being more inclined towards CRM. Plz Advise.
21 Dec 2009
Hi all, First post here, despite dwelling for a while and have learned so much from all generous monkeys here. Big thanks to all who've helped! I don't think my situation is a common one, i'll try to describe as much in details for you guys to assess and give advices: there are a few people involved in this situation, will use short form here: CC - my current colleague XC - ex-colleague of my current colleague, who's now working at the bank i've applied to HD - head of dept SRM - Senior RM HR - HR staff IBF - I-banker close friend of mine (5th yr AVP) So i applied to "credit analyst" position
23 Feb 2016
Hey everyone, first time posting on here so sorry if i'm posting in the wrong section or something like that. Hopefully you guys can help me out. Me: Undergraduate Degree in Business Economics From a mid level New York State University. Currently going on 2 years accounting / analytical experience with a local energy company. Just a Few months away from receiving my MBA from a local private college. I honestly don't love accounting, but there's just not many jobs out there in my area that are better. I enjoy analyzing companies financial information. The stock market is also of great interest
21 Jul 2015
I accepted an offer for a fixed income, rotational program over the summer. I'm looking to hit the ground running once I start, so I would like to build up my knowledge of the asset class. What will be most helpful to read or watch? I'd like to receive an offer for a full-time position.
06 Nov 2016
Hi, I have been working in corp fin at a f500 for a year after graduating. I am switching jobs and wondering which is better: credit analyst at BB or continue in corp fin at another f500? Also, is a credit analyst position (supporting loan origination) in the capital finance group considered back, middle or front office? Thanks.
15 Mar 2014
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
12 Jul 2016
Hi guys, I am looking for some help/advice with my career. I am a corporate credit analyst at one of the ratings agencies with 2 years experience and CFA level 2 completed in June 2012. I'm based in the UK in London and went to a complete non-target UK school. My dream job is buy-side equity research however I am realistic that this will be tough to get into directly from credit research. I have had a few interviews for sell-side ER and had an offer that fell through from a no-name shop. I invest in my own account which I run properly producing research notes for all of the stocks I hold and I have had a few informal buy-side ER interviews through this but no offers.
30 Nov 2012
I'm currently a credit analyst at a small company (under 100 employees in the NYC office). I am getting paid a decent salary but nothing special and have been in the role for a year (this is my second job, btw). I'd like to land a higher-paying job $90-100K to be able to afford a comfortable living in the city. Any ideas what kind of roles I should be looking at for someone with my experience and background (target school Finance Degree)? I can't seem to land more interviews/interest with someone of my background.
25 Apr 2020
Hello guys. Recently received a credit analyst job offer. What do you think about this move? I'm considering it due to a slight bump in salary. My goals is to get into REPE acquisitions. Would this move digress my career path?
31 Jul 2014
Hi Monkeys, I'm 25-years old and hope to break into commercial banking as a Credit Analyst from an insurance/retail banking background. Please critique the attached resume as best you can! My GPA is a 2.85 (Transfer Student; Total GPA = 3.2) and is not included on my resume. Would love to read any other advice on job searches(BB,MM), interviews, career paths, or your experience as a credit analyst, if applicable. My current thought is to break in as an analyst and work my way up to relationship manager, and would love to hear your opinions on this. Truly appreciate your advice in advanced, and please annihilate my resume!
18 Apr 2014
So, here is my full background. I am 30 and have been an entrepreneur for years. Back in grad school to get my MBA and am not really at a target investment banking school, however my school is in NYC and still top 50. I do not have corporate finance experience, but have a 3.8 GPA and secured an internship at s&p global for a summer credit position. I plan on taking the CFA this june as well. Can i leverage the MBA and internship into a IB analyst position full time when i graduate? I am aware MBAs goto associate. How can i get into banking? I am not sure if i want to stay at s&p post
20 Feb 2019
Hi All! I'm looking for some advice. I'm currently enrolled in a Top 15 MBA program (part time) while working full time in financial services - more of an operations role. I want to take this opportunity, while I'm still doing my MBA, to make a career transition. I'm looking to make a move to a credit analyst role at a CRA (Moodys or S&P). For the purposes of this discussion, lets assume I am qualified for a Associate Analyst 1 / Lead Analyst type role. I'm curious what kind of experience I would gain and what the exit opportunities would be if I joined one of the following groups: - Corporate
31 May 2019