Derivatives Exit Ops

Coming up on two years in IB at BB in a seat covering interest rate products in industry agnostic corporate and fund coverage. Rates products include swaps, caps, etc. Looking at potential exit ops for seats that might be a natural progression to this. Heard treasury analyst roles at big corporates might be good, and if so, any recs for navigating the application process on those? Otherwise, any interesting exit ops for someone with my background? Would rather exit then try to lateral into other parts of IB like M&A, or other debt capital markets like LevFin or IG Bonds.

3 Comments
 

Based on the most helpful WSO content, here are some potential exit opportunities and advice for someone with your background in interest rate products:

  1. Treasury Analyst Roles at Corporates:

    • This is indeed a natural progression for someone with your experience. Treasury roles often value the technical expertise in derivatives and interest rate products that you bring.
    • To navigate the application process:
      • Leverage your network: Reach out to alumni or contacts in corporate treasury roles.
      • Tailor your resume: Highlight your experience with swaps, caps, and other rate products, as well as your understanding of corporate funding strategies.
      • Consider targeting large corporates with active treasury operations, as they are more likely to value your skill set.
  2. Private Credit or Debt Investing:

    • Your background in interest rate products could transition well into private credit or CLO (Collateralized Loan Obligation) investing roles. These roles often require a strong understanding of debt instruments and market dynamics.
  3. Corporate Development or Strategy:

    • While not directly related to derivatives, your IB experience can make you a strong candidate for corporate development roles, especially at companies with complex financing needs.
  4. Hedge Funds or Asset Management:

    • Hedge funds or asset managers with a focus on fixed income or macro strategies could be a good fit. Your expertise in interest rate products would be highly relevant here.
  5. Treasury Funding Trader or Structuring Roles:

    • If you want to stay closer to markets, consider roles in treasury funding or structuring at banks or corporates. These roles often involve managing interest rate risk and structuring funding solutions.
  6. Consulting:

    • Firms like McKinsey or Big 4 consulting groups (e.g., Corporate Finance or Treasury Advisory teams) could value your technical expertise and IB background.

For more insights, you might find this WSO thread helpful:
Breakdown of Post-IB Exit Opportunities
url: https://www.wallstreetoasis.com/forum/investment-banking/breakdown-of-p…

If you're looking for a broader perspective, the WSO community often emphasizes networking and leveraging your current experience to position yourself for these roles.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/who-has-heard-about-these-teams-citi-tts-deutsche-gts-jpm-tss-baml-gts?customgpt=1, Breakdown of Post-IB Exit Opportunities, An Overview of Corporate Banking, BB Corporate Banking Exit Opps?, Breakdown of Post-IB Exit Opportunities

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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I started in CDS ops and then had a trading seat. I started back over after 2 years to pursue IB. I had to go back to being a first year, more or less. My friends that stayed there all ended up in senior trading and then strategy roles at top BBs (my roommate from that era is a now a global head of credit at a BB). Most others in my group of friends from that time ultimately ended up at major multi-strat hedge funds...I'd say the vast majority got bid out of their seats from BBs by HFs. Across the board, they all did very well financially. 

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