Octagon Credit Investors vs LifeCo Investments
College senior here comparing two opportunities after graduation. One is a rotating role at a LifeCo in the asset management investments division where I would rotate through many different credit assets. The other is an investment analyst role at Octagon credit investors. I am unfamiliar with the structure at CLO/HY managers and was wondering what opportunity is better to launch my career. I am more interested in HY/CLO than vanilla munis etc. but am worried about being Pingeon holed at octagon / not getting structured training etc.
Any insight that you could offer would be greatly appreciated.
bump
never heard of either of these. but I wouldnt do munis if I had the option to do structured credit.
Take Octagon and don't look back. Could always move to an insurance manager if you want something more relaxed later on, but Octagon is a great CLO manager and very good name to have on your resume early on. Even if you were interested in structured it shouldn't be too hard to lateral after a few years given you at the very least have some CLO management experience and could sell that well, assuming you have some quantitative skills. Additionally, I think Octagon has or is building out a structured team so you could always try and move into that part of the business.
But to play devils advocate, if you really value the WLB and aren't that interested in corporate credit, then the LifeCo isn't a bad option. I think there is a lot of value in rotations/seeing different asset classes early on, but not sure if that is the popular opinion.
Thanks billions… could you provide some insight on ballpark comp for an entry level analyst at a clo manager like octagon?
Thanks !
Could be anywhere from 70-100 base, with bonus probably up to 50%. I'd expect to make 100-130K all-in. Sometimes boutiques underpay at the junior level with the mindset that the experience you get will make up for it.
Hey $billions^3, read your answer and wondering whether you are implying that Octagon is mostly playing in corporate credit space?
Do they invest in commercial real estate credit? Like CRE CLO?
Do you know by any chance how many interview rounds Octagon has?
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