How do I pitch for an internal switch from credit to equity?

Hi people!

I have been working as a credit research analyst for a mutual fund for about 20 months and I have come to the realisation that this is not for me. The risk appetite and depth of research that is required is quite shallow. It doesn't help that, unlike equity, the way the credit research role is defined here, the path to becoming a debt fund manager (which was my end goal) is not straightforward because there is no overlap in the skillset. Also, to be frank, I'm paid quite well compared to other analysts who are senior to me (and the general industry average) because I was hired from a premium business school right out of MBA

The good thing is that all my bosses (including the CIO) are very happy with my work and appreciate my work ethic. Now, I've been considering talking to the CIO about a potential switch to equity because honestly I feel like I can add a lot more value in that role. The skillset I've developed in my current role is transferrable to ER. I would look just at fewer companies, all within the same sector but in a lot more depth. And I would have to get up to speed on valuation, which I'm sure I can do reasonably quick. I would like to add that the equity research team sits next to us on the floor and we have frequent interactions with them. 

The tricky part is that the credit research team has seen a lot of churn in the past year and we are currently a little understaffed. However, new analysts have been hired and they are expected to join in the next couple of months. I understand that as things stand, it wouldn't make sense for them, but I am ready to put in extra hours to get started to equity, while doing my regular credit work till the situation stabilizes if that's what it takes. I'm banking on the fact that if I decide to leave, they would have to find my replacement anyway, so if they think I'm valuable resource it would make sense to retain me, even if in a different role. Do I sound too naive lmao?

How do I approach a conversation with the CIO about this? He's quite friendly but also very sharp. Any and all advice welcome! 

Thanks!

1 Comments
 

Sed aut fuga accusamus aut est. Enim ut quasi debitis magni molestias. Enim omnis quas impedit quia temporibus asperiores ipsa ut. Rem facilis aut sunt quibusdam. Est animi sunt nihil sunt. Quae amet numquam facere distinctio. Omnis id reprehenderit aspernatur quae dignissimos.

Odit temporibus nulla mollitia voluptatibus totam. Consequatur eum nihil dolore doloribus. Et ea assumenda ducimus esse ut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”