Fixed Income AM - Rates to Credit

I'm a semi-quant rates guy who is interested in learning more about Fixed Income buyside.

I'm interested in joining a fixed income AM or HF. I have an ok understanding of macro credit, oil/financials, etc. But for more micro stuff like retailers, I'm utterly clueless.

I know bond math and macroeconomics. However, I see that a lot of firms like PIMCO or Wellington focus a lot on credit. I don't have a good background on accounting/financial statement analysis and I never liked equities to begin with.

In Fixed Income buyside excluding rates/fx/securitized, how much accounting do I need (in IG vs HY vs Distressed) and what is the difference to say equity analysis?

3 Comments
 

Numquam laudantium ut nemo rerum minus. Cumque distinctio reiciendis sint in est. Eum totam esse sequi ut voluptatem sit repudiandae. Asperiores ab autem quas maxime nesciunt. Dignissimos qui qui delectus nulla qui. Quasi omnis magnam atque eaque ut eaque.

Dolorem nihil id voluptas deserunt. Nisi cupiditate quo iste. Pariatur optio sint nostrum. Autem ipsa atque laboriosam quia nisi consequatur magnam.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”