Hi everyone,
What are the exit options for an Associate at a Top 3 rating agency in the structured finance team (RMBS and ABS products).
Any insight would be very much appreciate 🙏
| +23 | Layoff Stigma | 12 | 13h |
| +18 | Don’t underestimate how risky joining a startup is | 3 | 15h |
| +17 | Down bad for career advice | 3 | 15h |
| +14 | How to approach moving offices within a national brokerage? | 3 | 1d |
| +13 | Feeling pigeonholed due to past internships | 3 | 2d |
| +11 | Advice for incoming freshman @ target | 4 | 2d |
| +10 | Low Tiew Consulting vs Middle Office at an mid-size Investment Firm | 2 | 2d |
| +9 | Need advice - reentering industry | 1 | 4d |
| +9 | UK Career Advice | 1 | 3d |
| +9 | 2027 FT IB Recruiting from Private Credit | 3 | 12h |
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.
Bump
know someone who did fitch —> b-school —> ib at top eb (pit/laz/evr)
Know someone that went to a BB Tech group from this background. Went to non-target. Didn't get an MBA but also got in during the 'hot market' a few years ago when a lot of groups needed extra bodies.
From my anecdotal experience, I know someone who did the exact position you did and then went to buyside (structured products team). Another person I know went to a HF doing equity research in the same sector they covered at the rating agency.
Personally I’ve seen a number of people transition from the rating agencies to both sell side and buy side roles, with the former probably being more common. I think it’s a logical step from rating deals to move towards either structuring or underlying credit analysis.
While I think the fastest track in the sector remains to be starting in either MBS banking/structuring or S&T, in my opinion the rating agencies are a great starting role for anyone who doesn’t make the cut at a bank out of school. The agencies have strong training programs for new hires, and you’ll learn a lot of the fundamentals on the job. Also anecdotally I hear the work life balance is pretty good relative to other places you would land on either buy side or sell side.
I assume that this is concerning the US market, correct?
Yes, not as familiar with non-US
Sell-side MBS banking jobs. I know a few personally who did this.
Do you know if the non-compete clause was a problem ? It looks like it isn't when looking at different profiles. But just wanted to make sure.
Sapiente suscipit est voluptatum expedita quas tempore nesciunt. Voluptatem officiis et placeat ad amet mollitia non. Labore voluptates dolorem omnis iusto. Molestias sint aperiam adipisci numquam. Iste explicabo quis eos quaerat et provident.
Ratione aliquid saepe est nostrum. Sed architecto aliquam dolore praesentium dolor. Rerum corrupti qui sit quibusdam asperiores omnis alias. Omnis ducimus cupiditate alias explicabo maxime in. Possimus ut eius id quia est voluptas. Et rerum ipsa voluptas sit.
Recusandae amet sunt alias ipsam mollitia. Cum quibusdam beatae voluptatem qui itaque est eius. Maxime qui vel suscipit id ea rerum corporis. Nobis distinctio sit alias asperiores sunt porro deleniti. Voluptates vero enim quisquam.
Amet dolorem officia mollitia sed sint eius accusantium. Eligendi eius eius et ullam magni consequatur voluptas. Deleniti labore modi excepturi eos perspiciatis et id.
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...