Just accepted a new offer for a role as a credit analyst in a BB, but in a highly risky sector. Currently in wealth management, which is more on the safe side. Was it a bad idea?

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Congrats on the new job! 🎉🎉 Honestly, I’d follow your passion to credit (we talk about how important this is a LOT for @makingmidas) and just hedge accordingly by making sure you have a solid emergency fund.

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Is it credit analysis involving financial modeling, collateral analysis, financial statement analysis? If so, those are way more useful skills than in WM and you can easily come back after. If anything right now your job is safer now than in WM

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Yes. Most of the work would be financial analysis and modelling, industry analysis, covenants, ratings etc., and I will be involved in all processes from underwriting to monitoring of portfolios. They have a lot to do right now, so that's a good thing.

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What is your start date? What will the onboarding process look like? What do you want to do long-term and is the job offer a really rare opportunity? Would you be able to return to WM if the new job doesn’t work out? There is a lot of risk in many areas of finance rn so you may want to optimize for stability in the short-term. It may be worth asking the new potential employer what benefits they would offer to new employees if are impacted by lay-offs- severance? COBRA health insurance? Basically if you get laid off in week or month 2 of this job, will it be a disaster for you personally? That said, if you seriously want to pursue this new direction professionally and this isn’t just scratching an itch, it may be worth considering. And your WM job may not be stable if clients’ money dries up anyhow.

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Start date is in a month, and I am unsure about the onboarding since everyone will WFH. Probably a lot of studying and video calls. I think it's a rate opportunity since they only hire people when existing people exit. Not sure if I can return as they will probably start looking for new ones. It would hurt bit it wouldn't be a disaster if I get laid off. I have been thinking about switching jobs for 9 months now, and this would be a great opportunity for me. It's just a bad timing, but the hiring manager said that his team rarely lay off people even during major industry crises. Also, they are hiring two other analysts at the same time (could be a good thing meaning that they need resources or that they can easily fire one of us if necessary).

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