Advice on Commercial Banking Analyst Program job hunt

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Will they want you to pitch or catch?

Ask before, catching would be a deal-breaker for me.

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if I got to start out catching, i'll do what I gotta do

I thought we had decided on the Bloomingdales jr executive training program for you.

Go to Law School instead. Not nearly enough lawyers.

Good luck!

I went through one of these programs for 7 months at Whitney Bank out of college in New Orleans. It was called the management training program back then. I don't think it's still an active program anymore but I know Iberia had one as well. But that's what you want to look for. They typically start in June and January.

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indeed.com.

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Very good place to start.

Also, don't just limit yourself to big banks. Some regional and even large community banks have formal credit training programs.

Not sure if this is still true, but often you can get a job as an admin and if you are young/work hard/get to know the right people, you can get a role as a credit analyst.

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Also, don't just limit yourself to big banks. Some regional and even large community banks have formal credit training programs.

Not sure if this is still true, but often you can get a job as an admin and if you are young/work hard/get to know the right people, you can get a role as a credit analyst.

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i'm not really all that familiar with what I am qualified for and what I should apply to. I talked with someone who is a friend of a friend, don't really know him that well, but he told me to look for a commercial banking analyst program at a major bank, as that is best for future career advancement. I don't have any internship experience, as I didn't go finance til grad school and also didn't really have time with military obligations. I was told that being a veteran would help me out and cover that area

Really what you want is a position that says something like "credit analyst", commercial lending training program, or something like this.

The title isn't as important as what you'll actually be doing of course. The job description should be something like "spread financial statements", put together packages for loan committee, monitor lending covenants" something like that. They usually are looking for someone with a business degree and X hours of accounting (which you likely have with an MS in finance) and a good understanding of financial statements (which you will have to demonstrate).

Just make sure you read the job descriptions carefully...all credit analysts positions aren't created equal. In my part of the bank (loss mitigation) there are "credit analysts" who basically shuffle papers all day long. Nothing wrong with that but they aren't doing anything related to lending. You don't want that type of job.

Even if you can't get an analyst position, get something in a commercial lending department, even an assistant position. Odds are that you can work your way up if the bank is large enough.

Hope this helps!

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all credit analysts positions aren't created equal.

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Very true. Interviewed with Wells Fargo for a "Credit Analyst" position. It was a joke. Interviewed with the regional bank. It was a fulfilling position with 10K + higher pay. A lot of times the larger banks the job will provide a much more limited experience (co-worker used to work for BB&T and all he did was spread) while the regional banks you can gain experience in underwriting, portfolio management, etc.