What are the exit opportunities for Credit Analyst at Goldman Sachs vs Equity Research at another BB(UBS/Credit Suisse) ? Can a transition be made to investment banking later on? Long term goals to enter PE... http://www2.goldmansachs.com/careers/our-firm/div…
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ibd? no way rofl pe? ahahha yea right
idiot
ur in finance division aka back office of the back office
so that means equity research is the better offer to take in this case? My only concern is that its geared more towards trading..
what about Goldman's name on the resume?? I guess some say its almost FO....atleast MO //www.wallstreetoasis.com/forums/goldman-sachs-risk-management-rep-future…
Don't listen to the asshole above, OP. Most of the kids on this website don't have any basis for giving advice, being that they are mostly college kids having wet dreams about IBD and PE. If you are smart, hardworking and likable, then you will have opportunities to advance towards your goals...and yes, that can definitely include IBD and/or PE. It all depends on how much harder you are willing to work/network than the next guy.
To illustrate my point, I know of plenty of PE associates from top MM funds who didn't enter through the traditional IB (or M/B/B) route. Life isn't as black and white as this unbelievably twisted forum makes it seem.
You Sir deserve a silver banana!
I got the above response when I asked a similar question in the following thread:
//www.wallstreetoasis.com/forums/risk-management-exit-opps
Credit/risk analysis is a good field to get into, right now. I don't know about PE but the skills you learn on the job will be valued by distressed/special situations HFs. Having Goldman on the rez helps, and this could be a good entry point for a rewarding career in buyside port. management.
Not as glam as IBD, but you'll probably learn a lot.
Thanks guys!!
Dude he's not saying "credit risk analyst" he is saying CREDIT ANALYST as in the debt equivalent of Equity Research
This is an awesome start to a career.
^ Dude, have you clicked on the link? It says credit risk analyst.
I was indeed referring to credit risk, specifically groups that work with IB and CMO on deals.
Actually I feel "big unit" is right.Goldman calls it "Credit Risk Managements and Advisory" which includes strategic and ratings advisory.Therefore it requires understanding of financial modeling tools and performing financial statement analyses and deriving company valuation.Has lots of client interaction too. Something like Credit Research which as "big unit " said is opposite of Equity research. something like http://www.doostang.com/jobs/syndicate_view/207434?utm_source=SimplyHir…
Whereas Credit Risk as in Risk management is more quant and involves programming too. https://jobs.ubs.com/1033/ASP/TG/cim_jobdetail.asp?jobId=56828&partneri… or http://www.sologig.com/Job/aggregator/UBS-Financial-Services/Quantitative-Analyst-Derivative-Credit-Exposure-Management/US-CT-Stamford/J3I04M72P7VMRC2BN1S.aspx?utm_source=SimplyHired&utm_medium=organic&utm_campaign=SimplyHired
Ohhh wow, I think I may have been confused - Lorican, I think you may be right...
Either way, if its a fundamental credit research role (that sits with the trading desk - almost all HY trading is totally fundamentals based) that is an awesome start. Risk analysis I am unfamiliar with.
Almost every credit hedge fund wants to be close with BB credit research - they are the ones who are closest to the deals they invest in...
They basically monitor the credit ratings of the hedge funds they sponsor. Great position, I got dinged for it.
Edited
This thread has gotta be really tempting for the anti-Goldman trolls. Oh wait, that would normally be me, but I won't go there right now. :D
There's some opportunities to go into money management if you're leaving risk management. Any interest in working at a hedge fund?
I just don't see a transition to IBD or PE happening quite as easily. Risk Management and Investment Banking are really two different lines of work. With Goldman on your resume, though, you should be able to get into a lot of MBA programs- and that would naturally lead to the opportunity to work in investment banking.
So a transition from risk management to a hedge fund is pretty common??
You won't go straight into trading at a hedge fund, but if you migrate to a mid-sized one, there will be fewer barriers to move from risk management to trading.
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