Terry received Ph.D. in Experimental Psychology from Indiana University(1980) and his B.A.(with Distinction) from the Univeristy of Wisconsin (1975). He has done post-doctoral fellowships in Optometry at the Univeristy of California at Berkeley and in Ophthalmology at the Johns Hopkins Univeristy School of Medicine. He also was a visiting scientist at the IBM Thomas J. Watson Research Center prior to embarking on a career in finance.

Terry began his financial career in 1988 at Chase Manhattan Bank, building genetic algorithms to predict corporate bankruptcy. In 1990, he was hired by Citibank to build neural network models to detect fraud on their credit card portfolios. In 1992 he moved Salomon Brothers where he built models for proprietary trading in bonds, currencies and derivative securities. Since 1998 he has also been a credit strategist with a focus on client-oriented solutions across all credit markets.

Terry is a frequent speaker at industry conferences and events and has lectured on credit modeling at major univerisites. In addition, he has published over a dozen articles in refered journals and has authored two books: CREDIT MODELING: FACTS, THEORIES AND APPLICATION and CREDIT MODELING: ADVANCED TOPICS. In addition, Terry has been the instructor for courses in credit modeling for inclusive Media and the Centre for Finance Professionals and teaches in UCLA's MFE program.