How can I make my career in the banking field? I want to become a credit analyst.

Dear Dharan, Since you are from BCA background, it is easy (and difficult also for career shift). Let me explain; (1) To be the credit risk analyst in a big corporate bank you need to equipped with certain essential skills in Maths, Statistics, Programming and Finance. (2) Making a career would be easy because you have already studied the programming (Python, R is necessary for analyst the big data). So, I am assuming you already have knowledge of maths, stats and programming. (3) Coming onto the finance section, you need to study a lot (I mean a really lot) to get enough understanding so that you can understand about credit risk management. So, starts with basic finance like corporate finance, valuation, the Risk-reward tradeoff in portfolio optimisation (the outcome of MPT fixed income securities and then move to credit risk. Always remember, the theory is only good at the start but always gain practical knowledge.

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It will require several years of performing well and to become a senior credit analyst and head of the team. From there on you could progress to the VP level, the Director level and even the CFO or MD levels depending on your performance and achievements. Required Qualifications: As per the 2015 BLS reports in USA 27% of the crores Analysts had a degree and employers preferred majors in economics, finance, business administration and accounting for the crores Analyst posts. Other skills and qualifications: Credit Risk analysts do not require professional licenses to practice. However professional certification like CRC-credit risk management certification from the Risk Management Association is not only a feather in your cap but places you at an advantage for better salaries and career progression. The certifying exam covers the seven core areas of credit risk management and the practical objective application of the knowledge to your working scenarios. The credit risk analyst role is both financially and career-wise a rewarding prospect. Essential to the whole equation is knowledge and training at the interview, placement and on-the-job stages. Do your course at the reputed Imarticus Learning to take advantage of certification, assured placements and gain a firm footing in the credit risk field and banking industry. Hurry and enrol!

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