What is Credit Risk under Risk Management?

Credit risk is an unavoidable part of any business’s risk management strategy. But what exactly is credit risk, and how can you best manage it? In this blog article, we will explore what credit risk is and how to understand it better. We will discuss the importance of assessing credit risk levels and their potential risks. We will also cover some tips for mitigating credit risk in your business. By the end of this post, you should better understand how to tackle credit risk under your overall risk management strategy

What Is a Credit Risk under Risk Management?

Credit risk is the probability of loss that a creditor will incur when a debtor fails to make payments on their debt obligations. Creditors use credit risk management to assess and mitigate the risk of losses arising from delinquent or defaulted debtors. There are several credit risks, including counterparty risk, country risk, sovereign risk, and interest rate risk. 

Creditors use a variety of methods to manage credit risks, including collateralization, hedging, and diversification. Collateralization involves using assets as security for loans in order to reduce the likelihood of losses in the event of a default. Hedging is a type of financial engineering that aims to minimize exposure to adverse price movements by using derivative contracts. Diversification is another common approach to managing credit risks, which involves spreading out investments across multiple borrowers to minimize the impact of any one borrower defaulting.

What are some prerequisites to becoming a credit risk assessment manager?

If you aspire to be a credit risk assessment manager, here are a few things to know.

Firstly, you should have a degree in risk management, finance, or a related field.

Secondly, you should have several years of experience in credit risk management.

Finally, you should be able to demonstrate strong analytical and problem-solving skills.

What are some factors to consider before becoming a credit risk assessment manager?

Investment Banking Training

When assessing whether or not to become a credit risk assessment manager, there are a few key factors to consider. The first is your experience in finance and credit risk management. It is important to have a strong understanding of financial concepts and models to succeed in this role. Additionally, you should be comfortable working with large amounts of data and have strong analytical skills.

Another important factor is your ability to communicate effectively with internal and external stakeholders. As a credit risk assessment manager, you will be responsible for providing clear and concise reports on the risks associated with lending decisions. Therefore, you must have strong writing and presentation skills.

Finally, you should also be aware of the regulatory environment surrounding credit risk management. It is important to stay up-to-date on regulation changes to ensure compliance within your organization.

How can an investment banking course help you learn about Credit Risk Assessment and the whole industry?

There are many reasons why an investment banking course can help you learn more about credit risk assessment and the industry. For one, an investment banking course will give you a fundamental understanding of how lenders assess credit risk. An investment banking course will also teach you the financial instruments used to manage credit risk. Finally, an investment banking course will give you insights into the inner workings of the credit industry, which can be invaluable when making informed decisions about your finances.

Treading on Learning Journey with Imarticus Learning:

Since you know what a credit risk assessment is, here is a course offered by Imarticus Learning that supports your risk management career goals. Check out the Certified Investment Banking Operations Professional, a course built for those looking to make a career in the field, and investment banking course.

Imarticus Learning offers students an opportunity to build a career with the best programs under its flagship industry-approved program that is best for learners with under three years of experience and comes with a 100% job interview guarantee. This extensive 150-hour program helps you become an investment banking operations expert. The program focuses on the fundamentals of financial markets, trade life cycle, risk management, and regulation and prepares you for a job at a leading company.

Course USPs:

The program comes with a job interview guarantee 

Tailored training & offer placement support for unique career goals

Certification from Academy – Euronext Group to enhance your profile

Insights on financial markets, trade life cycle, and risk management.

Expert faculty for robust curriculum using hands-on training

Real-world projects and problem solving

For further details, contact the Live Chat Support system or visit one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Get certified by Moody’s analytics with this credit risk management course

Get certified by Moody’s analytics with this credit risk management course

Financial figures for lending and borrowing in the global market have been a matter of risk throughout. The process gets complex when the world is shifting to internet-based technology while transferring funds. It is paramount that credit transfers are executed and monitored safely. This is where credit risk management comes in, and its importance is only to grow in the coming years.

If you are interested in a credit risk management course or simply looking to expand your career scope in the finance industry, this is a perfect time. Read more to know what credit management entails and how a certification in credit risk management will help you. 

Credit Risk Management: An Overview

What is credit risk? 

Credit risk is the chance of a probable amount to be incurred as a “loss” by a money-lending organisation upon lending to unpredictable borrowers. Credit risk includes the partial or complete loss of the interest, the principal amount (or both), increased cost collections and decreased ability to provide loans. It is hence important to know what the credit risk management process entails.

What is credit risk management?

Every moneylending organisation has a probability of loss while lending money to its stakeholders. This loss is calculated as the credit risk. It is the chance faced by the organisation not to receive the money back. The loss amount can be high if lent to irresponsible borrowers. This possibility can be lowered with the help of credit risk management. Credit risk management is the strategy of reducing the chances of loss in repaying borrowed money from organisations. It can bring about financial as well as economic security for the organisation through proper risk assessment and implementation using outlined techniques. 

The process of credit risk management 

The financial history of the borrower is the key to assessing credit risk. The credit risk also depends on the loan amount. Initially, the process estimates the reliability of repayment via previous financial records, income sources and current financial conditions. This gives the organisation a fair idea of the risks involved and they can proceed (or not) after this. In the age of fintech, this reduced chance of a loss helps keep the lending organisation safe from loss. However, it is the responsibility of the organisation to note that the client’s record is kept secure from cyber fraud. 

Why is Credit Risk Management Crucial?

Risks are almost always involved in any kind of financial borrowing and lending. However, the probability of the risk can be significantly lessened. Credit risk management is crucial in reducing financial jeopardy. It can downsize the losses incurred by any private financial service-providing organisation and/or banks when they provide a loan. In addition, credit risk management protects the lending stakeholder from cyber fraud and financial data leaks. Credit risk management keeps track of the borrower’s financial history and stability and can warn the organisation against unreliable clients. 

Get Certified by Moody’s Analytics: The Best Credit Risk Management Course 

big data analytics courses

If you are on your search for an ideal course, get the best certification in credit risk management with the Credit Risk and Underwriting Prodegree in collaboration with Moody’s Analytics by Imarticus. This course is in partnership with one of the most efficient financial services providing bodies, Moody’s Analytics. The Imarticus credit analyst course is the only global course that gives the candidate an in-depth analysis of legal management and underwriting regulatory techniques, as well as their applications in a technology-oriented industry. With five-plus case studies, holistic career guidance and one-on-one mentorship, this course is an ideal fit for aspiring credit analyst professionals. To learn more, book your seats now. 

Financial transparency and financial security are already significant issues being secured by credit risk management. As a result, credit analysts have a diverse career path with lucrative incentives lined up, with only increasing perks in the years to come. So, if you are a fresh graduate looking for interesting career prospects in credit management or a professional aiming to change your job, a certification in credit risk management is an ideal preference. 

5 elements for a successful credit risk management course

5 elements for a successful credit risk management course

Ask any finance professional and he/she will tell you about the importance of credit risk management. Credit risk management has been a tough challenge for various financial institutions over the years. It is the practice of minimizing financial losses by understanding the capacity of a bank’s loan loss reserves and capital at any point in time.

However, credit risk management is not just this; there are many more elements and attributes associated with this management. If you are interested in financial topics and subjects and are looking to make a career as a credit analyst, you must enrol in credit risk management courses and obtain a credit risk analyst certification from a reputed institution.  

5 elements for a successful credit risk management course

There are many institutions that offer quality courses for credit risk management to interested candidates. When you are choosing such a course, look for these 5 elements for sure:

Comprehensive program 

Credit risk management is a huge subject with various facets. When you are taking up a course in the subject it is important to check the program that the institute follows. The institute should have a holistic approach with the program covering credit underwriting and administration, the lending landscape, the impact of technological innovations, and regulatory and legal requirements. The program should preferably be FinTech-focused. This will help in learning about the various digital innovations, which are making an impact in the lending industry. 

Industry certifications 

It is obvious that when you are taking up a credit risk management course, you will get a certificate post completion of the course. Certificates from all institutes are not globally accepted. Therefore it is important to ensure that the institute with which you are enrolling should provide a certificate that is globally accepted and accredited. Globally recognized standards should be followed in the course to make it accepted worldwide. 

Career Support 

It is obvious that the main purpose of taking up a credit analyst course in India is to make a career in the financial industry in the credit management department. When you are completing the course from an institute, they should be able to provide abundant career support. Along with providing placement assistance, the institute should also help with interview preparation, profile enhancement, and resume building. 

Perfect industry connection 

Until and unless a candidate is able to connect with the present financial industry, he/she will not be able to make a successful career. While enrolling for the credit risk management course, check whether the curriculum is industry-endorsed or not. The curriculum should be practical and well-rounded. It is even better if mentorship is provided to candidates. There are many institutes where individual program mentors provide support throughout the course along with forging collaborative relationships. 

Hands-on learning with case studies

Just theoretical knowledge is not sufficient to make a successful career. It is vital that candidates should have hands-on learning experience when they take up a course. This is applicable for credit risk management courses as well. A standard course will provide a hands-on learning experience with genuine case studies. This provides candidates with the opportunity to use their learned skills and gain an in-depth understanding of how underwriting and credit risks function. 

Conclusion

There are many institutes that offer courses in credit risk management. Not all will satisfy the five elements mentioned above. If you are looking for this course from a genuine place, a great option is Imarticus Learning. The institute offers a Credit Risk and Underwriting Prodegree in Collaboration with Moody’s Analytics. To know more about the course in particular and the institute in general, visit their official website. 

5 questions you should ask before doing a credit risk management course

5 questions you should ask before doing a credit risk management course

Are you someone who has been working in the banking sector for quite some time and now looking to upgrade your skills in the field of financial credit? If yes, then you must consider doing a credit risk management course.

corporate training

Credit risk training will equip you with the knowledge and techniques with which you can measure and mitigate credit risk for your organization. It will also prepare you for the dynamics of different loan markets. 

But, how should you choose among the various credit risk underwriting courses? To help you with this crucial decision, we have listed the 5 key questions you must ask before enrolling in a credit risk management course.

5 Must-Ask Questions while Selecting a Credit Risk Management Course

You must check if the credit risk training course chosen by you stands firmly on the following 5 questions-

 

  • Is it a comprehensive learning program?

 

One of the primary questions which you must ask the providers of the credit risk management course is about its curriculum. Is it holistic? For instance, the credit risk underwriting courses offered by us at Imarticus Learning have been designed with a 360-degree learning approach.

Our credit risk training course includes both the fundamental credit risk concepts and 

industry-oriented practicals, which help you learn relevant job skills. It also introduces you to the regulatory legalities involved in the lending space, along with the new-age technologies you can make use of for increasing your efficiency.

 

  • Does the course provide industry certifications?

 

Almost all online courses provide you with a course completion certificate. But very few of them provide you with certifications accepted and accredited by the credit risk industry. Thus, before getting enrolled in a credit risk management course, you must check for this.

The Credit Risk and Underwriting Prodegree we offer has been designed in collaboration with Moody’s Analytics, a pioneer in the credit risk management space. Upon completing the course with us, you get an industry certificate co-branded by Moody’s Analytics.

 

  • Does the course provide career services?

 

Another aspect that you must check is whether the course provider offers you career-support services. This is absolutely essential, as the ultimate goal of doing the course is landing your dream credit risk job. 

With our credit risk underwriting courses, we offer you job placement services by introducing you to our network of 250+ companies. Furthermore, we also prepare you for your placement journey by offering mentorship, interview preparation workshops, and resume-building seminars. 

Some of our popular placement partners are HDFC Bank, ICICI Bank, Reliance Capital, PolicyBazaar, Axis Bank, and Bajaj Finserv, among others. 

 

  • Is the course curriculum endorsed by the industry?

 

The next question you must ask the institute offering the course is whether the course content and curriculum are endorsed by the credit risk industry. This is highly essential, as if the same is not endorsed, you won’t be able to develop a connection with the industry and bag the job of your choice. 

Along with this, it is also a good idea to check if the course includes mentorship programs or not, as it comes in really handy while forging collaborative relationships with industry experts.

Under our credit risk management course, you will find both – industry endorsement by our knowledge partner Moody’s Analytics as well as one-to-one mentorship programs. 

 

  • Does the course include case studies?

 

Case studies are the first step toward experiencing real-world credit risk complexities. Thus, you must check if the credit risk training program you choose provides hands-on experience via case studies.

We offer a variety of case studies with our credit risk course focusing on as many as eight key credit risk areas. These include Risk Assessment, Financial Statement Assessment, Projections, Loan Assessment, Covenant Setting, Credit Risk Legal Procedures, Documentation Preparation, and Credit Risk Rating Exercise. 

Take Away

A course in credit risk management can open many job opportunities for you. The field offers you several career paths, such as operational risk manager, insurance underwriter, credit risk analyst, risk researcher, and many more. 

If you are currently working in the banking sector, then you must consider doing a credit risks management course as it can help you upskill and enhance your resume, and become eligible for roles up the professional ladder.

Want to know more about the credit risk management career options or how you can make a transition to the field? Contact us through chat support or visit our nearest training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

From mortgage forbearance to credit risk management, here’s everything you need to know

Have you ever heard of Mortgage Forbearance? If not, then here are we to discuss it in detail! Mortgage Forbearance is a credit management tool that helps you lower your monthly mortgage payments and, in most cases, interest rates. In simple terms, it’s a credit management tool that gives you time to recover if your credit score hits a low point.

Wouldn’t it be great if there was an easy way to understand what credit risk management is? Well, we have simplified this process for anyone who has ever wondered about credit scores and how they affect them. Credit risk management is the credit score management process that determines how credit is managed in a business. In most cases, credit risk managers are tasked with credit analysis, and depending on their findings-they have the authority to either reject or approve credit applications within an organization.

Credit risk management is very important. In my opinion, one should focus on credit risk management courses because it allows you to take credit risk management in a more detailed manner. With credit courses, you will be able to understand credit and credit scores better than before. Here are the benefits of enrolling in this course.

  • Help you understand credit risk management better: Understanding credit risk management better can help you to take credit decisions. In the credit course, you will learn about credit risk and how it works which means that eventually, your business would be able to decide its own credit policies.
  • Boost your career: Credit risk management can help you to excel in your credit-related career. Being a credit analyst or credit manager is not an easy job and it requires hard work as well as some credit risk modeling courses. We all know that any company will hire only those individuals who have proper knowledge about credit scores, credit policies, etc. In simple words, if you want to boost your credit career, you should definitely enroll in one of these courses.
  • In-depth understanding of credit score: The credit course will provide you with an in-depth understanding of credit scores. You should know that the credit courses are designed by industry professionals who have years of experience under their belt, so you can expect to learn a lot from these courses.
  • Allows one to understand credit policies: After taking credit analyst courses, you will be able to manage and implement credit processes more efficiently. With the credit risk course, one can actually learn about credit policies which would help him/her in making effective credit decisions later on.

Grow and Learn with Imarticus Learning

Imarticus offers Credit risk modeling courses to help credit analysts manage their credit scoring process. These courses are designed in such a way that they allow you to understand credit policies and credit scores better than before, which will help you grow your career pretty quickly. So, if you really want to excel in the field of credit risk management, make sure you enroll in credit courses today.

Course USP’s:

  • Provides you with an in-depth understanding of the financial and non-financial credit market.
  • Boost career as a credit analyst or credit manager.
  • Gain industry certifications from credit risk management courses.

Live-Insights credit risk management course will provide you with credit courses that allow credit analysts to manage credit scores more efficiently.

Top 5 Hard Skills Required to Become a Merger and Acquisitions Senior Analyst

Mergers and Acquisitions are among the most important events in the corporate sector. And, obviously, with such an important event comes a position of equal importance. Mergers and Acquisitions analysis is a high demanding job that leaves no place for error. And, because as long as the corporate sector as a whole remains, it is a surety that mergers and acquisitions will keep on happening, it is also a guarantee that a mergers and acquisitions analyst will be needed no matter the time.

So, if you want to pursue a fruitful career in this sector and give your future the flourish it deserves, then the best option for you would be to do a proper merger and acquisition analyst course, chartered financial analyst course, or SWOT analysis course.  

chartered analyst courseA lot of institutions offer a solid merger and acquisition analyst course in India. Such an institute is Imarticus Learnings.

It not only provides a compact financial analysis prodegree but also comes with placement opportunities that give you the chance to land your dream job right from the get-go.

However, there are a few skills that M&A analysts must possess. Here, we are going to talk about them.

Finance Modelling and Valuation Techniques

The job of M&A analysts is to assess prospective companies in the field to acquire or merge with. They need to evaluate both profits and losses of a merger for all the parties included. So, obviously, they need high-level skills of financial modeling course helps them chalk out the goals and the means to achieve them.

SWOT analysis courseAnother important skill analysts should have is to be able to put the correct value to each aspect of a merger. They need to determine as precisely as possible the appropriate premiums needed for acquisition.

This is why they must always stay ahead of industrial knowledge and analyze all the recent value reports of events.

This is one of the reasons why students with a degree in chartered financial analyst course or SWOT analysis course get high preference in this field.

Flawless Pitch Books

Another skill analysts must have is making flawless pitch books. It is important to present all the information and stats regarding the merger to all the parties involved appealingly. 

Accounting Prowess and Industrial Knowledge

As these deals often tend to cost millions, the analysts must have accounting prowess so that they can keep a check on all the transactions made. Analysts also need core industrial knowledge as all mergers and acquisitions made are very industry-specific.

Staying up to date with International Corporate Scenarios

A good analyst should always stay up to date with international corporate scenarios. As mergers are a common event for businesses both local and global, a deep understanding of the function and process goes a long way to help clients.

In-depth Knowledge of Industrial Law

This is possibly one of the most important skills needed in an analyst. A good analyst should be acquainted with all the laws that need to be regarded during a merger and acquisitions process as any error can lead to serious legal trouble for everyone involved.

Conclusion

A merger and acquisitions analyst has no room for error and should always be at least two steps ahead of everyone to guide them properly. And, the only way to do that is by learning the process completely. Imarticus Learnings brings to you a great opportunity with its financial analysis prodegree that will help you get the boost you need in your career.

Why Creditors Must Focus on Automating Their Credit Risk Workflow Processes

Lending institutions conduct credit risk analyses before approving credit. For most lenders, credit risk analysis usually depends on several years of experience. Such credit risk management is a combination of astute loan portfolio analysis and an intuitive knowledge regarding borrowing risks. 

However, owing to increasing competition and significant regulatory changes in the backdrop of economic uncertainty, creditors are focusing on automating credit risk workflow automation.  

credit risk analyst courseCredit risk management is a popular part of the banking sector today. You can undertake credit risk management courses to implement the knowledge in today’s evolving lending market.

credit analyst certification will help you to conduct credit assessments using modern automation techniques.

Impacts of Automating Credit Risk Management 

With a massive jump in credit requests, the lenders’ ability to analyze credit risk efficiently has declined. This has potentially led to a rise in loan default. However, with the automation of credit risk assessment, creditors can swiftly process loan requests in bulk without credit risk or increased expenses. 

By including artificial intelligence and machine learning in credit risk management, credit institutions can enjoy a host of benefits. As a creditor, you can use modern technologies in various circumstances, which will allow you to draw crucial insights about borrowers from a large set of data.

Here are some of the ways in which automation impacts credit risk analysis, thereby benefiting creditors:

Increased Fraud Detection – Credit card and loan fraud is a massive business throughout the globe, which has been costing billions to lending institutions. However, such frauds can be efficiently reduced by automating the credit risk assessment process. Through predictive analytics, automation processes can be used to detect fraud risks associated with certain borrowers. 

  • Scalability

It can be challenging for financial institutions to achieve scalability under conventional credit risk analysis systems. This is usually because creditors need much understanding about the lending sector so as to be able to process a vast number of documents for stacking, analysis, categorization, extraction, and more. With automation, institutions can easily manage the entire process without having to assess each case of credit risk individually. This can enable creditors to concentrate on offering additional services. 

  • Compliance with Regulations

One of the significant benefits of automation is that it provides lenders with the flexibility to alter rules and implement them according to the basis of the criteria that you provide. Therefore, with automation, you can easily automate several processes that are prone to errors.

  • Enhanced Underwriting

Through credit risk management automation, a lender can carry out document creation, credit request approval, and granting with increased personalization. This can happen while still being within the regulations of the institutions. Moreover, automated credit risk assessment processes come with all loan-risk factors that can be otherwise neglected during conventional credit risk assessment.

Available Automated Solutions for Credit Risk Management 

Automating the credit risk management process helps lenders to eliminate high-risk customers while conducting a more accurate analysis of customers. Here are some of the most commonly-used automated credit risk assessment techniques

 

  • General process automation
  • Low-code application platform
  • Cognitive and robotic automatic solutions

 

Bottom Line

Automation of credit risk assessment is widely applied off late. As a credit analyst, you need to be equipped with the knowledge of recent automation techniques predominant in the lending sector. With a credit analyst certification following a credit analyst course, you can enhance your decision-making abilities regarding credit risk assessment. 

credit risk analyst course

Credit risk management courses allow individuals to gain major insights into the crucial elements of the credit analysis process employed by banks. A credit analyst certification will also enable you to learn about various challenges that one can face during portfolio analysis. 

What Is Credit Risk Management

When credit risks are effectively managed you meet the mandatory regulatory credit risk requirements and also go beyond the mandate and create better risk models for improvements in your business. The term credit risk evaluates the probability of the borrower not repaying the debt and thus causing loss.

This practice is widely used by banks to estimate the reserves for loan loss and the capital position at any given point of time. Mitigating losses and improving credit risk practice is a major challenge in banks and other financial institutions.

The practice of credit risk management and its regulation was in the limelight recently when the global financial crisis caused a major credit crunch. The regulators felt transparency was lacking in the norms followed by banking credit risk evaluators and sought to ascertain that the associated risk of lending to customers would need thorough customer knowledge and credit risk evaluation. Changes and introduction of new Basel-III regulations would be burdensome felt the banks.

Though many banks have complied in meeting the stringent mandated regulatory requirements by overhauling their credit risk approach, training staff through credit risk management courses and absorbing the higher costs incurred in terms of capital costs incurred treating credit risk as a mere compliance measure is being blinded. Better risk management does provide banks with the chance to get competitive and improve their performance indices.

Challenges faced:
Credit and risk management challenges are many and due to:

• Poor management of customer data and the inability to get the right data when it is most needed causing unnecessary delays.

• Lack of a modelling framework for group-wise credit risk implies that meaningful risk measures cannot and the banks are unable to generate the complex models that would provide a clear picture of the group-wide credit risk.

• Reworking model parameters are the Analysts task and are currently not amenable to change. Doing so actually affects the efficiency ratio of the bank and duplicates work.

• Risk tools are not comprehensive and without such a solution changes to identifying and re-grading portfolio concentrations affects the risk-solution itself and proves ineffective in credit risk management.

• Reporting tasks are cumbersome and the manual reporting methods using spreadsheets and other reporting processes cause an overburdening of IT staff and analysts.

Credit Risk Management Best Practices:

Risk evaluation:
Evaluate the credit risk at multi-levels starting from the individual portfolio, client portfolio and then banking portfolio levels. This will provide a better and more complete understanding of the risks involved and lead to better overall risk management.

Data norms:
Banks data and risk profiles lie in SBUs and branches. Without integrating such data a thorough risk assessment or an integrated knowledge of risk-profiles makes assessing the risk of capital-reserve sufficiency, loan-loss reserves, and short-term loan losses difficult to assess or manage.

That’s why both investors and regulators look closely at the credit-risk management practices used. Vulnerability to such non-transparently evaluated risks can lead to crippling losses.

The Effective Solution:
The only way out of this situation is to have robust solutions that reflect the exact relationship of credit risk profiles and the offsets for capital reserves and loan-losses. A quantitative well-integrated credit risk solution includes:

• Model management that covers the entire credit risk lifecycle.

• Monitoring effectively and in real-time the credit limits and scores.

• Capacity for stress-testing of credit risk management.

• Capacity for data visualization and tools for BI to help place data at the right time in the right hands for enabled decision making.

Such a solution with simple portfolio curbs and measures should help banks ramp up to sophisticated and more transparent credit risk management practices and measures allowing for the need to grow and evolve with use and practice.

In modern day banking and new-age banking, a lot of technology has improved and continues to evolve banking practice especially risk management and compliance through better data analytics and predictive insights. Learn how such measures taught I credit risk management courses can help you specialize in banking.

At Imarticus, credit risk management course is a part of our banking courses and goes a step forward by teaching you the analytical best practices to effectively handle credit-risk, compliance and regulatory measures.

Always learn with the best! The banking and financial courses are par excellence with outstanding curriculum coverage, assured placement, soft-skill development and such modules that help you make a quick break into banking as a career.