1st Year CLO Banking
Hi folks, just looking for a bit of career advice from you all. Essentially I am starting my first year as a CLO Structurer this summer and am slightly concerned about being pigeonholed and a lack of career mobility from my current position. I did not participate in on-cycle recruiting and while many of my peers have secured jobs for after their 2 year analyst stint, I did not.
CLO Structuring is a very niche area of finance and my growing concern is that after 2 years here I will be obligated to stay in this area even though it is not my end goal (which is either more traditional investment banking or restructuring). I’m curious to hear from both people who work in CLO Structuring, or know those who have moved to different career paths from this desk and what that looks like. I’d like to take initiative and not get comfortable in my current role just to find out 2 years down the road that it’s too late to move on.
Also I would love to hear from people currently in CLO Structuring about the benefits of this team at a typical bank, where that career typically takes you, comp, etc. Any advice is much appreciated, and I don’t mean to sound ungrateful for the position I’ve been put in as I’m ecstatic to have broken into finance period, I just also want to consider my future and be on top of the ball. Thanks for any advice you can share!
Based on the most helpful WSO content, here's what you need to know about starting your career as a CLO Structurer and potential career mobility:
Career Mobility and Exit Opportunities
Compensation Insights
Benefits of Working in CLO Structuring
Industry Outlook
Career Advice
Additional Insights
By understanding these aspects, you can better navigate your career in CLO Structuring and plan for future transitions.
Sources: The CLO Sell Side experience, The CLO Sell Side experience, Q&A: Corporate Banking Associate, Life as a CLO Analyst + Career Progression, Unpacking Corporate Banking at Citi/BAML?
Bump
You haven’t even started your job yet. How do you know that you won’t enjoy ClO structuring? You can always move to other securitized products (ABS, MBS etc) or to the trading / syndicate side of things.
What type of bank are you doing CLO structuring at? I’ve personally seen folks from very niche groups at BBs still being able to move to IB but it can be quite difficult if you’re coming from a lower tier bank and then have irrelevant skill sets
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