Hey All,
I was hoping to gain some insight into whether it was possible to hop from a ratings role to lev fin, given some of the underlying credit analysis skills are pretty similar. I am talking about doing 2 years in ratings at either (S&P or Moody's) then starting as an analyst at a reputable bank.
| +431 | Is UBS really that bad? | 77 | 2h |
| +265 | Investment Banking is Divine | 40 | 2d |
| +219 | Another $115bn Mega deal for these banks. Congrats! | 46 | 9h |
| +216 | US 2027 SA IB worried about background check | 53 | 2d |
| +61 | Useless associates | 13 | 2h |
| +50 | Differences in Restructuring Teams? | 24 | 5h |
| +40 | Is Houston SA 28 recruiting already over? | 34 | 1d |
| +38 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 8 | 1h |
| +36 | How do you manage nerves in IB technical interviews? | 8 | 12h |
| +35 | FIG Pigeonholes you - is it true? | 13 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It would be tough but it looks like you'd have a better shot then your standard commercial banker. If the agency offers a structured credit program, completing that could help you a lot. I havent seen anyone make a move like that but I don't see why it wouldn't be possible since from my experience, levfin/levlending tends to be a more receptive group to people who have strong experience outside of just IB.
Thank you for your input. Some people have told me it could be a multi stager career move but good to hear there is a shot. Also, I was curious to know if you have seen MM or BB more receptive to people who have outside experience for Lev Fin. I imagine it would be tougher for a BB transition.
Yeah dont count on BB but look to MM shops like Stifel, RJ, BMO, maybe Jefferies and RBC but unlikely cus theyre pretty high tier, etc. Also check out some of the levfin funds out there. I've seen standard commercial bankers (emphasis on standard, and not corporate banking, not high risk debt, not leveraged loans etc, just standard) make the move so I feel like youd have a shot
It'll be tough, but not impossible. While you will get a good deal of credit exposure at the agencies, the jobs are very different.
A lot of banks have their own internal group dedicated to estimating ratings on new levfin issuances (and will usually hire former rating agency people for their network and inside knowledge). That could be the easiest path to levfin.
Suscipit dolor explicabo laboriosam maxime quaerat impedit. Qui iure eius asperiores nihil. Perferendis omnis vel placeat est accusantium ullam. Maiores odio et aut possimus inventore itaque illum.
Quasi quidem culpa hic et porro ut corporis. Totam numquam voluptatibus numquam quo dolore error saepe. Placeat laudantium nobis fuga et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...