BB S&T SA vs Big 3 Credit Ratings SA
I am currently holding a SA offer for S&T (already assigned to a Fixed Income Trading desk) at a second-tier BB (Think DB/Barclays/CS/UBS).
This week I received another SA offer for a Credit Ratings role at a major Credit Rating Agency (think S&P Global/Moody’s).
Trying to decide which one to do this summer, I understand there is no right/wrong answer. Which one is “best” largely depends upon my future career goals. However, I am excited to develop a career within BOTH areas (Fixed Income Trading and Credit Research.) My long-term goal is to be a buyside PM.
Part of me wants to go with the BB Trading due to the potential to earn more $$$ over the next 3-5 years. However, another part of me is leaning towards the Credit Ratings role for two reasons:
1) Potentially more stable long term career 2) Arguably more “solid foundation”/ will learn more hardcore Security Analysis / better exit ops for Asset Management.
Would I be crazy to drop BB S&T SA for Credit Ratings SA?
Which BB and which Fixed Income Trading Desk? The combination matters.
Personally if you want to do S&T I think you should take the S&T offer regardless and try to recruit for a better bank come the fall.
I do want to do S&T, but I am also equally excited to do Research.
Anyone else got any thoughts on what I should do?
Keep in mind that rating agencies don't get the same level of respect a BB bank gets. Your exit ops will be credit analyst at mid to lower tier asset manager after at least 2-3 years. I'd choose the BB S&T stint since you can always try to join on the PM track of a top asset manager after a year or so. Since it is FO it is also easier to lateral to credit/equity research. Of course you should aim for the FT offer in any case.
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