Please some advice!!

[pierovic18]

I am getting an offer from Scotia Bank to work as credit analyst. The girl told me you would do what you saw in the financial statement book from schweser L1. Currently i am working as Transfer pricing analyst for KPMG. My goal is to work in Merger and Acquisitions.
Should i accept the offer? what should i do? what is your advice?
I will appreciate it any feedback

 

[Gauss]

If you are actualy working in a senior role I woulnd�t even think about it. If you are staff it could be an option to leave the world of the big 4. But I don�t think that "credit analyst" is something I could be intersted in.

 

[Big Nodge]

i'm a credit analyst (thanks gauss), but in general I don't think credit roles usually feed to M&A positions. Honestly, it seems the main way to get an M&A position is to recruit directly out of a good college or mba program.

some of the skills in credit might be similar, at least in financial statement analysis, and maybe cash flow modeling if you are in corporate lending (i'm not, i'm in risk management). But you won't do accretion / dilution and other m&a models. So if you're considering the job soley as a feeder for m&a it might not be the way to go.

that being said, I think credit skills can open a lot of doors in credit research and other roles related to fixed income.

 

[coolbreeze]

Bid Nodge,

I posted a question earlier about getting into credit risk. Can you please comment on my earlier post?
http://www.analystforum.com/phorums/read.php?1,471298

thanks

 

[Big Nodge]

uh, I posted a response yesterday. I don't know if I can be of much help, my bank is a lot smaller than a BB IB. I was able to post internaly and nail the interviews. If you get an interview, be knowledable about the banking industry, repos and securities finance, collateral, financial statements (including banks and other FIs), regulatory capital requirements, credit ratings and the rating agencies, and the Basel II accord. Basel II is a hot topic in most credit risk management groups these days, so some knowledge of it will likely impress.