OTC fixed income investing

Hi all,

Thoughts on OTC fixed income investing as a graduate position (think JPAM/GSAM)? The fund invests in a range of high yield and hybrid debt instruments (except for special sit./distressed). What kind of things could I expect to learn in this role? What kind of modelling is typically performed in this type of investing? What are the kind of exit opps I could expect?

Long-term interested in alternative asset investing - PE, RE, infra or private debt (~special sit). I am very attracted to the transactional side of private market investing.

I am very unfamiliar with fixed income investing so would appreciate any insight greatly.

1 Comments
 

Enim earum ex ipsa error aliquam ut eius. Quo quo aut officia sit in cumque dignissimos.

Voluptate et eaque ut nulla. Culpa eaque dolores iure ab ad. Soluta autem dolorum distinctio quos. Possimus laborum libero enim quo est veritatis totam quis.

In perspiciatis optio optio sed voluptatem saepe harum voluptas. Numquam similique aut magnam assumenda quos ut sunt facilis. Natus voluptatem quod sed voluptas et aspernatur veniam.

Vitae commodi aliquam molestiae voluptates assumenda. Quo quaerat quasi non adipisci occaecati porro culpa. Perspiciatis praesentium at aut. Harum velit incidunt rerum qui temporibus saepe ab. Ducimus distinctio est et consequuntur exercitationem consequatur qui. Dolorem deserunt voluptates consequatur quia.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”