Ratings Advisory DCM - what prospects?
Hi all,
Had my SA in this group at a BB, but I have the choice of opting for some coverage desks when I go back. I enjoyed the work and it was a lot of learning; getting to see credit analysis across multiple types of deals. But the general opinion seems to be that this group isn't really a great career kickstarter.
I'm interested in the idea of eventually shifting to Corporate Banking/LevFin/PC/Rx after a couple of years maybe. Really just interested in credit and the TradFi space in the long run.
- How strong an exit does Ratings give me into those industries?
- Would opting for coverage be a safer choice? And how easy would it be to move from coverage to the TradFi/Credit space in some decent capacity, without having to start again as an analyst?
Any insight would be much appreciated. Thanks.
Based on the most helpful WSO content, here's what you need to know about exits from Ratings Advisory into the traditional finance (TradFi) and credit space:
Strength of Exit Opportunities:
Coverage vs. Ratings Advisory:
In conclusion, Ratings Advisory can be a strong starting point for a career in credit and TradFi, but coverage might offer a broader base and potentially safer choice depending on your long-term goals. Networking, continuous learning, and strategic career moves will be key to transitioning successfully without stepping back in terms of position.
Sources: Q&A: Big 3 Ratings Agency, LevFin WLB-focused Exits and Other Questions, An Overview of Corporate Banking, BB Corporate Banking Exit Opps?, Investment banks BB/EB London ranking 2020
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