From Credit Rating Agency to Equity Research - how common?
I've seen the discussion in other part of the forums, but I wanted to see what people with insight into ER think about the exit opps from CRAs.
It's one of the big 3 firms and an analyst position for the financial institutions team. How good are my chances of moving into ER after 1-2 years? Do I have a better chance of going into FI research? I know networking and being proactive is important, but how common is the switch?
Thanks
Some input on this would be very appreciated!
My worry is that if I go there, there is no turning back to equities. But at the same time I'm desperate for some analytical/modelling experience...
I think if you don't do it for like 3-4 years, just stay for relatively short amount of time, it's still doable. Continue working on your stock pitch and keep networking.
It's the same modeling, except you look at different metrics, and all that fun stuff about covenant legal documents for the debt side.
Well, it is always easier to move from credit to equity than the other way around. With a CRA position you will learn the fundamentals of the company/industry which would be helpful in equity research. The modeling will probably be less intense but you can work on that on your own time.
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