Got a summer analyst offer for credit research at JPM.

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1. Congratulations on your summer analyst offer at JPM! That’s a fantastic achievement. Here are some suggestions on how to make the most of the next 2-3 months in preparation:

   1. Review Credit Fundamentals: Brush up on your understanding of credit markets, including key concepts like credit spreads, default risk, credit ratings, and various fixed-income securities. Books like “Fixed Income Securities” by Bruce Tuckman can be really helpful.

   2. Wall Street Prep Courses: If you feel that you need more structured learning or deeper insights into credit research specifically, the credit-focused Wall Street Prep courses can be beneficial. They can help you understand common valuation methodologies used in credit research.

   3. Financial Modeling: Familiarize yourself with financial modeling skills, particularly in discounted cash flow (DCF) analysis and comparative analysis, as it is essential in credit research.

   4. Read Research Reports: Start reading credit research reports from investment banks and rating agencies to get an idea of what analysts look at. This will give you a sense of how analysts evaluate companies and issuers in the credit space.

   5. Stay Updated on Current Events: Follow market news and economic developments that affect credit markets. Websites like Bloomberg, Financial Times, and The Wall Street Journal are good resources.

   6. Networking: Connect with current or former analysts at JPM or in the credit research space to gain insights and tips on how to succeed in your role.

   7. Practice Analytical Skills: If you have access to financial data, try to analyze bonds or companies on your own. Look at their financial statements, calculate relevant ratios, and try to derive credit opinions.

   8. Soft Skills: Don’t forget to work on soft skills like communication and teamwork. You’ll be collaborating with others during your internship, and those skills are just as important as technical knowledge.

   Overall, combining coursework with practical exercises, networking, and staying informed will equip you well for your new role. Good luck!

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