| Topic Name: |
JP still recuiting? |
| Message Name: |
Suggestions |
| Date Posted: |
02/24/2006 |
| In Reply To: |
I have been aggressively looking out for a credit Analyst role and have not succeeded. I have a Masters degree(MBA) finance and three and a half years of financial services experience. I have been a relationship manager for high net worths and and small businesses. Although I have not been through a formal credit training program and I have taken the relevant course work in B-school and am willing to join at an analyst level. The recuiter route is not working for me as most of them want formal bank training or experience in credit analysis. Any advice from people in commercial/ corporate banking would be most helpful.
Thank you. |
| Message: |
(1) It's probably helpful to start a new thread since your question is about getting into credit analysis not just is "JP still recruiting".
(2) Unclear as to why your past (current?) financial services position didn't provide a path for you to move into credit analysis.
(3) It's also unclear what sort of credit analysis you want to do - HNWIs, middle market firms, financial institutions, industry sectors.
(4) And where you want to work? NYC or Columbus.
(5) How old you are? This will affect whether you're going to be considered as analyst material.
The answers to these questions will help those who know to give you a proper answer.
You might wish to consider:
(1) Rating Agencies as a way to earn your credit analyst spurs.
(2) Similarly fixed income research at a bank.
(3) A more commercial oriented bank - maybe someone in a slightly lower tier.
(4) A professional qualification GARP, FRM or the other guys' PRIA or a CFA.
(5) There's all sort of stuff you can do to prepare yourself. Accounting is of course a cornerstone. Recommend "The Analysis and Use of Financial Statements". If you've got any friends in commercial banking, try to get the manual they were trained with. For industry specific stuff, get some Rating Agency reports on their methodology for an industry and read some reports. For middle market, look to the Robert Morris Associates for publications, etc. There's all sorts of stuff out there and it's not that hard to find.
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