Need some help guys - I got an offer for a credit analyst position (associate level) with an asset manager with their corporate bond portfolio team.
Pay is good and the hours aren't bad, but my only concern is what my career path would be. Portfolio manager possibly?
Will appreciate any feedback.
What sector? Sounds like investment grade but could be high yield or emerging markets.
Financials and Non-cyclical consumer.
It's an investment grade portfolio (as far as I have been told)
IG is kind of boring to have a long term career in (IG spreads are super tight), but not a bad place to start. Financials are tricky and you will have a unique skillset if you can get up to speed (plus job security since they're big issuers). The only issue is that on the credit side financial modeling for financials is not the most transeferable skill. I'd think if you went the financials route you'd want to switch the equities as high yield financials don't hang around too long. A more interesting play would be to use this to get into emerging market financials- dearth of talent and lots of issuance. Non-cyclical consumer should give you very portable financial analysis skills and the move would be to try and parlay that into something in the high yield sector, and of course equities. Lastly, you could rise through the ranks to become a PM, or move to the sellside. Depending on what your other options are I think this is a solid place to start but you will probably have to hustle a bit to move on to your second gig. FYI IG research gigs tend to be very cushy with good work life balance.
Appreciate your input!
This site won't let me post this anywhere else so can someone help me? I am currently a high school junior and am very interested in getting into finance. Specifically and hopefully Investment Banking, Private Equity, Hedge Fund or something on Wall Street. I know it sounds materialistic but I have taken numerous business, account, finance, and math courses and I love it. Unfortunately my chances of getting into a target-school aren't looking so hot as my freshmen and sophomore year of high school I did not take too seriously. After last year (my sophomore year) my GPA was 3.00. Not good at all I know, however after this year it should be up quite a bit considering I am Acing pre-calc (alg. III & trig) and also Acing my honors history course, with all other subjects in check as well. Furthermore since I am excelling this year I am taking AP Government, Honors Calculus, AP Stat, honors English, and academic Physics next year. I had the chance the take AP Literature but I feel as if it would be too much of a work load, opinions? So back to the point, I just took my SATs so I will know my general score shortly. But based off of what you know now, what schools should I begin to look at for a finance type major to try to get into what I'm interested in. I am from Pennsylvania. Also I play sports year round (soccer, basketball, tennis) & plan on joining the debate team next year. Thanks!
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