The Fulton School
This week I will shadow a credit analyst. I did this last Thursday; however this time I get to dive deeper because I have the entire week (minus Thursday) to learn more. On Wednesday we have a presentation to present to the board for their approval on a million dollar plus loan. All the bank’s branches will be there doing the same thing. I was told last week that banking is a “who do you know” deal. I am learning a great deal of business through the bank. A key thing I started to learn is that business is not only money. It is the relations with the clients. Repeat clients are key and a good thing to have. One of the loans we were going over was a multi million dollar unsecured loan. You do not even consider doing that unless you have a “good business” with that client and vice versa. The two main take aways from today are:
-who do you know
-good business= having a good relationship with clients
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What exactly does a credit analyst do? Like what does that title specifically entail? Sounds like a cool meeting that you’ll get to sit in on!
It was very insightful. A credit analyst assesses the risk of a loan. They will assess the financial status of the potential borrower (or current borrower). They also assess the collateral. Then after assessing all of that they will advise weather or not to give out the loan.