Rating agency or AM: where to start?
I am a new grad and have got 2 job offers: sovereign risk at big 3 rating agencies and 2-year graduate programme at a decent European AM company. My goal is to land a portfolio manager job in the end. I prefer a sell side route because I want to have more stimulating environment before moving to buy side. However, I didn’t get any offer from sell side. Here are the pros and cons I have thought of:
Sovereign at rating agency: + great training and client exposure + more macro and interesting (for me) - less prestigious - difficult to move to other places with out MBA?
Graduate Programme at AM: + great opportunity to land a PM job after 2 years + rotation through different locations - less rigorous training - PM job After 2 years not guaranteed - might manage funds I have no interest in
AM friendo. develops a broader, revenue-generative skillset.
please don't go into ratings.
^This
At a rating agency you would get to know the world; meet the Governor of the Banque du Liban to discuss over liquidity of banks, review with Sri Lanka's Ministrer of Finance China's asset backed finance deals, fly over to Washington to meet with the IMF delegation etc. What edge would you get in AM?
Thanks! Any other thought on lateral to sell-side/buy-side research?
Lateral from a rating agency in sovereign is possible but will take a fair amount of networking and luck. The move to sell side is probably the most common. Feel free to PM me if interested to know more.
Repudiandae eveniet corporis sit necessitatibus ut quod. Earum est et tenetur eos quia. Est vero aut est dolorem est ratione similique maiores. Ratione enim enim est molestias.
Maiores id et reprehenderit nihil non accusamus quae. Ut id quod consequatur aut. Quod amet sunt omnis et corporis illum voluptatem consectetur. Et nihil necessitatibus alias aut et dolores. Et ut et exercitationem velit. Qui commodi totam quam.
Sed quia ad et ad sapiente perferendis. Et maiores provident non harum accusantium commodi odio. Occaecati error harum quae quia eius vel saepe. Ut ut in molestiae praesentium vero amet doloremque.
Quo nisi optio possimus. Dignissimos dolor maxime ab recusandae. Amet reiciendis debitis quod et tempora consequuntur harum omnis. Deleniti est quia ipsa. Mollitia maiores amet ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...