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HindustanTimes Wed,20 Aug 2014
Worth the weight
Hindustan Times
New Delhi, February 19, 2013
First Published: 16:41 IST(19/2/2013)
Last Updated: 17:15 IST(19/2/2013)
Options galore: Credit analysts can be employed in credit rating agencies, financial institutions and private equity firms etc

The lowdown

A credit analyst evaluates clients’ financial information to figure out their creditworthiness. He/she analyses financial information from various sources like company balance sheets, news reports etc and assesses the risk of issuing credit. They are mostly employed in corporate lending arms of banks, investment banks, credit rating agencies, financial institutions, mutual fund houses, and private equity firms. Credit analysis is one of the most enriching career options for an aspirant wanting to pursue a career in finance. The job requires sharp analytical skills and a keen interest to analyse financial and operational information pertaining to a company. One has to be careful and very accurate with one’s analysis as a lot depends on one’s predictions for or advice to clients.

Clockwork
9.30am - 1pm: Reach office, start working on allocated companies, follow up with client, analyse and do adjustments in the balance sheet
1pm: Lunch break
2pm: Video conferencing with other regional and head offices
3pm: Write report on companies and discussion with group head
4pm: Check companies’ relation with banks. Write reports, prepare for visit during initial rating
5pm: Check company’s data
6.30pm: Discussion with group head and prepare agenda for committee meeting next day

The payoff
The pay package of a credit analyst from a reputable institution is about Rs. 5 lakh to Rs. 6 lakh a year. Pay hikes depend on your performance. With experience, you can grow from rating group heads, rating heads to be a CEO or an MD. The median salary of a CEO, with a PG degree and 20 years’ experience, is about Rs. 40 lakh a year

Skills/TRAITS
* Good quantitative aptitude
* Ability to read and analyse balance sheet with adjustments
* Written and oral communication skills for report-writing etc
* Ability to multi-task and perform with tight deadlines

Getting there
You may opt for any subject combination at Class 12 and bachelor’s level. However, subjects that hone your quantitative and analytical skills will give you a leg-up. Many employers ask for BTech, BCom or CA qualifications, but you need a master’s degree, such as an MBA, to grow in this profession

Institutes and URLs
* Indian Institutes of Management,          
www.catiim.in
* University of Delhi,          
www.du.ac.in
* Indian Institute of Technology, New Delhi,               
www.iitd.ac.in

Pros and cons
* Steep learning curve
* You get exposure to different industries and companies
* Stressful job due to strict deadlines and multi-tasking

A credit analyst is expected to predict future performance of a client so that investors can take timely decisions -- Dinesh Sharma, vice president & regional head,  Credit Analysis and Research, Bangalore


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