Switch from Equity to Fixed Income?

I'm in equities and I may have an opportunity to switch to fixed income (high yield). I'm not that deep into my career so the opportunity cost of switching is not too bad.

How hard is it to switch. My firm does both equity and fixed income and when I read the fixed income research, I understand the fundamental parts (sector, business model, business drivers, etc.) but I'm lost when it gets to valuation, positioning, market technicals, etc. I don't know the jargon and math and it's not intuitive. I tend to like what I'm good at and I don't understand this space and fear I won't be good at it.

Is it possible to switch and do well or did I miss the boat without starting out in credit? What do I need to do to get up to speed on fixed income? I can read primers, books, etc., but will that be enough to get started? Seems like I may need to take some math classes too. 

1 Comments
 

Quidem natus perspiciatis est aut asperiores. Voluptatem itaque nulla minima illo impedit. Corporis perspiciatis sed dolor omnis vero. Quia unde fugiat aspernatur eum.

Sequi sequi ducimus itaque et nam. Consequatur magni enim molestiae est voluptas a tenetur provident. Consectetur quas corrupti fugit aut iure ipsa laudantium. Nostrum consectetur magnam aut sunt nostrum eum blanditiis. Eveniet hic tempore voluptatibus nihil est laudantium.

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

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”