Hi,
I am currently at a boutique consulting firm (~1 year of experience) and am looking to lateral into IBD in ~2 years. I am considering an offer for an operations analyst role at one of the CRAs (S&P, Fitch, Moody's). Although the role is in ops, I've been told by the interviewer that, with some networking, getting exposure to credit model validation / research is a possibility. Further, they seem to sponsor the CFA. I am wondering if this is a great opportunity to jump on or whether I should wait for other finance related opportunities that I can use as stepping stone for an eventual lateral into IBD. Considering that my long term goal is PE/HF or AM, would a direct exit to the buy-side be a possibility from a CRA?
Some more info:
Big 10 School
Engineering Major
GPA 3.90/4.00
SAT 2250/2400
Any feedback would be much appreciated.
Thanks.
You seem like a smart person, but I think you need to focus. PE/HF and AM are all buyside, but they are very different.
Also, to go from boutique consulting --> CRA --> IBD --> "buyside" is very indirect. You need to hop through three jobs to get to where you want. Assuming you spend at least a year at these jobs and two years prior to IBD, it's going to take you three to four years to get to where you want (on a very tight schedule).
If you are serious about IBD / buyside, I'd consider getting an MBA as that would cut your path a lot shorter.
Thanks for the feedback. Unfortunately, an MBA is too costly for me; I am taking care of an elderly family member on an analyst salary in NYC, and I will be doing so for the forseeable future. So I was hoping to leverage skills I learn through jobs and networks as much as possible. So to refocus on the initial question, I am wondering if I should take the CRA offer over my current job with a paycut, since I get no exposure to finance at my current gig.
Did you accept the offer in the end? I think I know the position you're talking about... Would you mind PM'ing me to discuss?
Moody's to IBD how likely is it ? (Originally Posted: 05/14/2015)
I'm just asking out of curiosity, What are other exit opps?
Some banks have ratings advisory roles within debt advisory/DCM. They look for people from Moody's because it is generally harder to get a good rating from Moody's than from S&P/Fitch/etc. I think they tend to look for people with many years of experience, but I can't say for sure they would not be interested in younger candidates.
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