Corporate vs Sovereign Credit Risk
Any insights on whether Corporate or Sovereign Credit Risk for a BB is more reputable or has a better career trajectory?
Which would look better when applying to business school?
Which has better exit opportunities (either front office roles or outside the bank)?
A friend told me that at Credit Ratings Agencies, sovereign rating analysis is seen as the highest on the totem pole, with corporate and financial product analysis being less desirable.
Any help would be much appreciated.
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That's a huge help, thanks. So exit ops for corporate would be more in the IBD coverage groups or equity research, while sovereign would be markets-oriented roles in S&T or economic research?
Is this like MO? Let's get one thing straight: Going from MO credit risk to front-office IBD is a long-shot.
I have met several people who moved from credit roles into IBD, capital markets as well as S&T after two-three years. That's half the reason I posted this; to get more clarification on which credit roles lead to which opportunities.
Yes, you'll have much better luck moving into cap mkts or S&T, but it'll still be just that: Luck.
Not to prolong the debate, but it was clear to me that these people did not rely on luck; they networked extensively, did a fantastic job in Credit, and leveraged those relationships and their reputation to move into IBD. You're right, it's not easy, but working into any competitive job is going to require that kind of effort.
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