Fixed Income Research Associate Role
I have an offer from a top asset manager (Blackrock/Fidelity/Wellington) for a fixed income research associate role. I initially wanted to go into equity research although prioritized ending up on the buyside over staying in equities. I do find fixed income just as if not more interesting than equities, although am concerned that FI research might leave me with limited opportunities if I want to leave AM, especially since the role deals primarily with investment grade debt. Will it be far more difficult to exit to a HF coming from FI research as opposed to ER? Also, what funds or strategies might be interested in taking on someone with buyside FI experience?
Hi laxturtle, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
You're welcome.
I would not worry about the exit opportunities - fixed income is a huge world, and having that type of name on your CV along with a few years (at least) of experience is a really good thing to have. I'd argue that if you are interested in research, IG is a great place to start as it gives you the runway to really build out your skills. Once you've got general and/or sector expertise - you can expand out into other things, maybe focus on securitized if that interests you specifically or high yield. Maybe it's simply build out expertise within a sector. Depends on what interests you and the path you want to take.
More importantly - there are a TON of hedge funds, private debt funds, CLO shops, distressed debt investors, unconstrained strategies (that might as well be a hedge fund) etc. etc. out there that you can take a look at coming from a fixed income role. I'd argue that fixed income gives you as diverse as set of opportunities as ER would - maybe even more, though I'm certain there's posters on here who could tell me I'm crazy (which probably is a true statement). Obviously it all depends on what you end up doing, your skill set, etc.
Regardless - I think if it's something that interests you, it's a great opportunity to start with. I know plenty of people at my firm who would kill to be a fixed income analyst - IG or otherwise.
This was the exact sorta response I was hoping for - thank you
Hi, I know this isn't directly related to the discussion but wanted to know if you had any tips on how to prep for a fixed income analyst role. I'll soon be starting on a fixed income desk, at a middle market AM, as a first year and wanted to see if I was overlooking anything in my own prep.
Thanks!
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