AM internship to Fixed Income role
I will be interning at a small AM that deals specifically with credit markets/debt in Chicago this summer. I'm wondering if i could possibly leverage this opportunity to work in a fixed income analyst role in the future? It is my first internship and my goal is to eventually move into an analyst role in fixed income. Any recommendations moving forward?
Yes
I’m guessing you’re doing RE. What industry sector of fixed income are you interested in?
The firm deals predominately with CLO's and non-investment grade bonds. As far as sector/industry i am not too sure. Excuse how novice i am please, but i am not too sure of the difference between the sectors when it comes to the work being done in those roles... can you elaborate?
Industrials, Energy, Consumer, Tech, etc.. for corporates ABS, RMBS, CMBS, etc. for structured And then more broadly speaking would be like investment grade, high yield, distressed, mezzanine
Can you explain what they do?
Sounds like they manage CLOs & credit funds (so they invest in loans and bonds). If this is true, then yes, its directly applicable and you will be fine.
I'd keep in mind that most fixed income managers have very few seats and dont hire kids out of school in analyst roles.
I'd also look into leveraged finance banking & sellside research roles to maximize your chances. If they are indeed investing in loans and HY bonds, then you should have no trouble landing a job somewhere in the leveraged finance universe (which is broad, and includes far more than what we have already mentioned)
portfolio management, credit research, loan workout, structuring, trading, and operations ,thorough understanding of the CLO portfolio management process, documentation, and reporting, portfolio management and credit research, they also have structuring, trading, loan workout, and investment operations. thank you for the feedback!
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