Jul 11, 2025

Going into a niche field early on?

Hi everyone, for some context I am based in Germany and finished my Abitur around a year ago. I decided to do a "gap year(s)" by doing a 2 year long apprenticeship in (re)insurance broking, before going to uni. Why? Because despite being able to go to a good uni although my grades weren't the best, I didn't see myself in a headspace fit to performing well at uni. Additionally I thought that having some work experience at a well respected financial services firm would help me compensate for my grades, set me apart from other internship applicants while in Uni, and obviously help me orient myself career wise by having have worked in the financial services industry. Now, approx. a year into the program , I have just rotated (had to network in order to be able to do this) to a small team, comprised mainly of ex bankers (DWS, JP Morgan, etc.) who work on credit risk transfers for banks. The experience I am gaining is in structured credit, and bank regulatory capital requirements (apart from soft skills that come from dealing with DAX and F500 companies which I have already been doing for almost a year now). Specifically the team structures deals which involve CDS, and Credit Risk Insurance. Considering the niche focus on stuff such as Basel banking regulations, bank capital requirements, EU securitisation law, and structured credit, do you guys think this is a good stepping stone for careers in private credit, Investment Banking, or private equity down the line?  

Region
1 Comments
 

Sint aliquid sunt perspiciatis perspiciatis omnis cum accusamus. Est et at laborum voluptate quasi fugit. Fugit modi nemo molestiae nesciunt.

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

Career Advancement Opportunities

November 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

November 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

November 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

November 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

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...”