Hi everyone,
What are the exit options for an Associate at a Top 3 rating agency in the structured finance team (RMBS and ABS products).
Any insight would be very much appreciate 🙏
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know someone who did fitch —> b-school —> ib at top eb (pit/laz/evr)
Know someone that went to a BB Tech group from this background. Went to non-target. Didn't get an MBA but also got in during the 'hot market' a few years ago when a lot of groups needed extra bodies.
From my anecdotal experience, I know someone who did the exact position you did and then went to buyside (structured products team). Another person I know went to a HF doing equity research in the same sector they covered at the rating agency.
Personally I’ve seen a number of people transition from the rating agencies to both sell side and buy side roles, with the former probably being more common. I think it’s a logical step from rating deals to move towards either structuring or underlying credit analysis.
While I think the fastest track in the sector remains to be starting in either MBS banking/structuring or S&T, in my opinion the rating agencies are a great starting role for anyone who doesn’t make the cut at a bank out of school. The agencies have strong training programs for new hires, and you’ll learn a lot of the fundamentals on the job. Also anecdotally I hear the work life balance is pretty good relative to other places you would land on either buy side or sell side.
I assume that this is concerning the US market, correct?
Yes, not as familiar with non-US
Sell-side MBS banking jobs. I know a few personally who did this.
Do you know if the non-compete clause was a problem ? It looks like it isn't when looking at different profiles. But just wanted to make sure.
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