Ratings Agencies to IBD?
Hello all, have an offer for one of the ratings agencies (Moodys, Fitch) in their credit and bond ratings department. How likely is it to lateral to IBD later? And how likely is it to lateral to Cap Markets (DCM)?
Hello all, have an offer for one of the ratings agencies (Moodys, Fitch) in their credit and bond ratings department. How likely is it to lateral to IBD later? And how likely is it to lateral to Cap Markets (DCM)?
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Most likely would be the ratings advisory group of a major bank (smaller banks may not have a full-time ratings advisory group). Problem is, those teams usually are pretty top heavy and have maybe one or two analysts. DCM is next most likely.
I started at Moody’s - did 1 year, then got an interview in leveraged finance capital markets - got hired as a 2nd year analyst. It’s relevant experience in debt and credit analysis. So you have a good chance for an interview
It’s not ideal but possible.
I had a friend go to a crap school so he had to start off at S&P for a year. Then got into a tier 3 euro bank (ing/soc gen/credit ag) in their loan syndication group. Did that for a year and then got into Evercore/Moelis/Greenhill as a 1st year analyst. Did that for a year and is now an associated at GS/MS/JPM in their private capital group.
You just need one little break to get an interview and then it’s up to you to crush that interview.
Thank you. Indeed, the hardest part is getting your foot in the door. Very inspiring though
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