Job Responsibilities
I am an analyst covering banks. Analysts at Fitch typically cover
a portfolio of 12 banks as a primary analyst, and 12 other banks
as a secondary analyst. the job involves writing a yearly report
on each company covered as a primary analyst, plus a few ad-hoc
reports or sector reports, focusing on the creditworthiness of
the institution, with the aim of giving the institution a credit
rating. From an entry level, analysts are invited to take parts
in credit committees.
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Job Requirements
I studied at HEC School of Management, one of the French "Grandes
Ecoles", with a major in finance. It is a 4 yeat educational
programme, with prior to that 2 years of preparatory school. The
school is regularly ranked as the #1 business school in France,
and also offers highly-ranked MBA and executive education
programmes.
Quality of teaching is excellent, with highly regarded
professors, a high percentage of which come from abroad. During
the first 4 trimesters, most classes are compulsory, including
basic classes in finance, accounting, finance, foreign languages
etc... The progressively, students have to choose more an more
optional course from a large range of possibilities, with the aim
of progressively specialising oneself before the final year,
the "major".
It is common, if not compulsory, to take a one year gap before
the final year to get professional experience, which is a chance
for many students to have a job offer before even graduating, and
the opportunity to make the most out of the courses taught in the
final year.
The workload increases progressively until th efinal year, the
first one being considered by most as a chance to "socialise".
This is partly due to the intense workload required during the 2
years preparatory school, and the high competition during the
entrance competitive exams, after which only a small percentage
of applicants are offered to study at HEC.
It is quite easy as well to take advantage of one of the numerous
exchange programmes, and at least 25% of students spend a
semester or two in one of the prestigious foreign universities
that are linked with HEC (includes the London Business School,
HSG St Gallen, NYU, MacGill etc...)
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