Deciding Between Two Credit Opportunities
Currently a 1st year risk analyst at a BB. Have the opportunity to move into a new rotation (credit risk) within their special assets group doing loan workouts for middle market clients and reviewing distressed commercial assets. It's the only client-facing part of the risk program and the more popular team for analysts to join. Some have exited to the commercial banking side and lev fin as well. This is the regional headquarters for the bank.
Additionally, have a opening for a 2/3 year rotation program at another BB in the same city, but this would be more general as a middle market banking development program across banking, credit, & treasury. This one has a very solid credit training program too. Their office is much smaller in this city but growing fast.
Comp is slightly more for option 2 but not by much. In terms of career growth and exit ops, would it be better to continue building my career where I am and be a bit more niche or go into a new program? Thanks for any advice!
Based on the most helpful WSO content and insights from previous WSO threads, making a decision between two credit opportunities, especially early in your career, can significantly impact your future career trajectory. Here's a breakdown of considerations for each option:
Option 1: Special Assets Group (SAG) Rotation within Current BB
Option 2: Middle Market Banking Development Program at Another BB
Decision Factors:
Ultimately, both options have their merits, and your decision should align with your career aspirations, preferred working style, and long-term goals. It might also be beneficial to network with professionals who have taken similar paths or are currently in roles you aspire to, to gain further insights into your decision.
Sources: Career Paths/Exit Opportunities, Why the focus on exit opps?, Life Insurance Underwriting - Exit Opportunities?., Sales and trading exit opportunities/pay/etc. (please help!), Credit Analyst Exit Opps?
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