I have been thinking a lot recently about studying for my ACA; it seems like a pretty interesting qualification and worth the 3 years of auditing that one may have to do. I have added impetus in that in the not too distant future (4-5 years ish) I intend to move to the Lake District, where I would imagine it would be a lot easier to get a job as a qualified accountant than it would be as a credit risk analyst (which is what I do now). However, a fair few people from the company that I work for have been leaving and going on to high paid jobs in the city. A friend of mine (of no more than average intelligence I think I can fairly say – certainly no whiz at anything) has just managed to land a 50k job in canary wharf after only 3 years experience. He’s only doing portfolio management, which I’d imagine would be rather dull, so maybe they need to splash the cash to get anyone in.But my question to you lernèd people is: Is credit risk a growing sector? Will recent events result in there being more opportunities in the future than there are now, or is it just that the rating companies/banks will stop fooling each other about the quality of their loans?