Exit Opportunities for Goldman Credit Analyst

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sidekickz

Senior Monkey

13y

ur in finance division aka back office of the back office

Orangutan

13y

so that means equity research is the better offer to take in this case? My only concern is that its geared more towards trading..

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Orangutan

13y

what about Goldman's name on the resume?? I guess some say its almost FO....atleast MO //www.wallstreetoasis.com/forums/goldman-sachs-risk-management-rep-future…

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youngblood

Neanderthal

13y

Best Response

Don't listen to the asshole above, OP. Most of the kids on this website don't have any basis for giving advice, being that they are mostly college kids having wet dreams about IBD and PE. If you are smart, hardworking and likable, then you will have opportunities to advance towards your goals...and yes, that can definitely include IBD and/or PE. It all depends on how much harder you are willing to work/network than the next guy.

To illustrate my point, I know of plenty of PE associates from top MM funds who didn't enter through the traditional IB (or M/B/B) route. Life isn't as black and white as this unbelievably twisted forum makes it seem.

Authored by: Certified Investment Banking Professional - 1st Year AnalystCertified Investment Banking Pro

donkeyBusiness730

Baboon

10y

You Sir deserve a silver banana!

//www.wallstreetoasis.com/forums/risk-management-exit-opps

Wally!

whats-the-damage

Senior Orangutan

13y

RiskyBizness:
I will be working as a BB credit risk analyst in NYC myself soon. I didn't intern there but I asked a girl I go to school with who did. Here's what she said:
"There are a few (1 specifically that I know of) who moved onto small PE firms, a few who pursued corporate finance jobs in companies like apple and a lot move onto business school. I also know 2-3 who moved onto portfolio/asset management firms.

I'd say this program really sets you up for portfolio and asset management type jobs. It's easier to exit into that industry. "

So, I think it is highly beneficial to get a CFA as a risk analyst. With that I think portfolio/asset management exit opportunities are very realistic. I have enlisted military experience (an extra 5 years of work experience) so my plan is to apply to business school after the credit stint and hopefully be a CFA by the time I get an MBA.

I got the above response when I asked a similar question in the following thread:

Patootie

Monkey

13y

Credit/risk analysis is a good field to get into, right now. I don't know about PE but the skills you learn on the job will be valued by distressed/special situations HFs. Having Goldman on the rez helps, and this could be a good entry point for a rewarding career in buyside port. management.

Not as glam as IBD, but you'll probably learn a lot.

Orangutan

13y

Thanks guys!!

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big unit

Neanderthal

13y

Dude he's not saying "credit risk analyst" he is saying CREDIT ANALYST as in the debt equivalent of Equity Research

This is an awesome start to a career.

See my WSO Blog, See my AMA

lorican

Gorilla

13y

^ Dude, have you clicked on the link? It says credit risk analyst.

__________ Just my 2c.

RiskyBizness

Senior Gorilla

13y

lorican:
^ Dude, have you clicked on the link? It says credit risk analyst.

I was indeed referring to credit risk, specifically groups that work with IB and CMO on deals.

Authored by: Certified Investment Banking Professional - 3rd+ Year AnalystCertified Investment Banking Pro

Orangutan

13y

Actually I feel "big unit" is right.Goldman calls it "Credit Risk Managements and Advisory" which includes strategic and ratings advisory.Therefore it requires understanding of financial modeling tools and performing financial statement analyses and deriving company valuation.Has lots of client interaction too. Something like Credit Research which as "big unit " said is opposite of Equity research. something like http://www.doostang.com/jobs/syndicate_view/207434?utm_source=SimplyHir…

Whereas Credit Risk as in Risk management is more quant and involves programming too. https://jobs.ubs.com/1033/ASP/TG/cim_jobdetail.asp?jobId=56828&partneri… or http://www.sologig.com/Job/aggregator/UBS-Financial-Services/Quantitative-Analyst-Derivative-Credit-Exposure-Management/US-CT-Stamford/J3I04M72P7VMRC2BN1S.aspx?utm_source=SimplyHired&utm_medium=organic&utm_campaign=SimplyHired

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big unit

Neanderthal

13y

Ohhh wow, I think I may have been confused - Lorican, I think you may be right...

Either way, if its a fundamental credit research role (that sits with the trading desk - almost all HY trading is totally fundamentals based) that is an awesome start. Risk analysis I am unfamiliar with.

Almost every credit hedge fund wants to be close with BB credit research - they are the ones who are closest to the deals they invest in...

See my WSO Blog, See my AMA

Stringer Bell

Almost Human

13y

They basically monitor the credit ratings of the hedge funds they sponsor. Great position, I got dinged for it.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions

sidekickz

Senior Monkey

13y

Edited

Merger vs Acquisition vs Joint Venture

IlliniProgrammer

The Addict

13y

This thread has gotta be really tempting for the anti-Goldman trolls. Oh wait, that would normally be me, but I won't go there right now. :D

There's some opportunities to go into money management if you're leaving risk management. Any interest in working at a hedge fund?

I just don't see a transition to IBD or PE happening quite as easily. Risk Management and Investment Banking are really two different lines of work. With Goldman on your resume, though, you should be able to get into a lot of MBA programs- and that would naturally lead to the opportunity to work in investment banking.

Authored by: Certified Hedge Fund Professional - QuantCertified Hedge Fund Pro

whats-the-damage

Senior Orangutan

13y

IlliniProgrammer:
This thread has gotta be really tempting for the anti-Goldman trolls. Oh wait, that would normally be me, but I won't go there right now. :D
There's some opportunities to go into money management if you're leaving risk management. Any interest in working at a hedge fund?

I just don't see a transition to IBD or PE happening quite as easily. Risk Management and Investment Banking are really two different lines of work. With Goldman on your resume, though, you should be able to get into a lot of MBA programs- and that would naturally lead to the opportunity to work in investment banking.

So a transition from risk management to a hedge fund is pretty common??

IlliniProgrammer

The Addict

13y

whats-the-damage:
IlliniProgrammer:
This thread has gotta be really tempting for the anti-Goldman trolls. Oh wait, that would normally be me, but I won't go there right now. :D
There's some opportunities to go into money management if you're leaving risk management. Any interest in working at a hedge fund?

I just don't see a transition to IBD or PE happening quite as easily. Risk Management and Investment Banking are really two different lines of work. With Goldman on your resume, though, you should be able to get into a lot of MBA programs- and that would naturally lead to the opportunity to work in investment banking.

So a transition from risk management to a hedge fund is pretty common??

Hedge funds always need risk managers, and the boundaries at smaller firms tend to be a lot more amorphous than at the bigger ones.

You won't go straight into trading at a hedge fund, but if you migrate to a mid-sized one, there will be fewer barriers to move from risk management to trading.

Authored by: Certified Hedge Fund Professional - QuantCertified Hedge Fund Pro

finalfantasy

Baboon

13y

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