Have an interview for a credit position with JPM. Anyone have any advice regarding prep?

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Know your financials statements, focus on the CF Statement - study up debt coverage ratios to ask meaningful questions/conversations. If it’s for a specific industry, stay up to date with head/tail winds and any developments. If you don’t know yet, just stay up to date with current affairs and macro economics.

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I had a corporate credit interview recently. besides behaviorals, know FCF formula, what financial metrics to use when evaluating financials for credit (revenue, EBITDA, FCCR, Liquidity, leverage). i was caught off guard by “walk me through a depreciation expense on all the stmts and which accounts it effects” and “say we add $100MM term loan with 5% interest with a balloon payment in 5 years, which line items does that effect and how”. also i’d recommend knowing key credit risks for whichever industry you’re applying for. of the 3 interviews i had, only 1 was heavy on technicals. each interviewer asked FCF formula though and why it’s important.

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What group is the credit interview with? Also helps to know if this is credit risk or levfin or DCM or something entirely different

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Sent!

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