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.
Repudiandae laboriosam et rem eveniet. Ipsa atque in quis aut illum. Ullam alias omnis quis autem soluta eius.
Laudantium provident est vel. Inventore id velit rerum sed suscipit magnam et. Molestiae expedita atque aspernatur est laboriosam quod vero. Sequi ipsa voluptas corrupti aut dignissimos.
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...