Hi all,
First off thank you WSO with providing me with a background of the finance industry. The info has been extremely helpful in my job search.
I have an offer for a credit risk position at a BB (think JPM, Morgan Stanley, UBS). I have interned in IB and hated it because we were selling crappy assets and doing constant pitchwork. I don’t think I would have a future in PE or IB due to the sales and relationship based nature of the job. I am just not that positive with regards to making relationships and selling upside.
Is a career in risk fulfilling? Am I going to be looked down upon by FO bankers? Would like some real feedback.
Thanks guys
Do you want to do risk? Or do you want to do something else and use risk as a stepping stone? I interned in risk and will tell you it is not very exciting or stimulating especially if you don't love your team
I just want a job where I can use my quantitative and qualitative skills in finance. I wouldn’t mind staying in Risk or pivot to selling credit products of some sort (abs, loan syndications, rates etc).
You just said you don’t like relationship or sales ha why is that in your plan. There’s plenty of quant type or algo roles you should be looking at whether it’s in trading or banking. Those tend to remove the relationship side. And these jobs are for finance people I’m not thinking the computer science quant roles
don't do credit risk if you want to do credit sales. Use my quantitative skills, do you have at least a masters or PhD? If not, don't use the word quant
credit risk is mostly financial statement analysis. would not expect to substantially use your quant skills there.
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Unless you grind you're pretty much stuck there
Update: I took the job. Hours are less than IB, I have no student loans which means no stress. Money doesn’t matter. I am going to enjoy my life in a great city.
Enjoy your Risk Analyst role at UBS New York brother!
Ok well please no claiming you’re a banker on tinder then. Good luck in your new role
Ha banker on tinder would be negative points in LA and New York. Some drug dealer or club promoter can pull more than bankers.
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