Oct 18, 2022

Internally moving from (Retail) Credit Risk to Market Risk within a top tier Investment bank

I am currently working in market risk since few months and was offered a position as associate for retail credit risk which is paying double my current salary. Is it worth starting this position to then move back internally in the same bank to market risk after few years? Is it possible to move to do so and still retain the associate position and spend less years to get to VP? How easy is to move internally within the quantitative risk departments of a bank? I really like the bank which offered me the position and would love to work there but in market risk, however I was only offered a position in credit risk. Probably I could leverage the programming and quantitative experience of the job and some networking but I am not sure whether it is enough. Need some advice and experiences on internal moving in a bank. Thanks!

 

Ex vitae eaque dolorem odit maiores cumque. Ut vel dolores quas quis occaecati aliquid ea. Sed corporis aut ut ut necessitatibus maiores.

Fugit quia ea maxime a quia maiores. Amet assumenda sunt ipsum omnis perferendis.

Recusandae in repellendus dolorem similique. Velit dolorem ratione facere totam magnam. Qui illo eligendi pariatur aut suscipit.

Ullam aperiam repellat qui veritatis odio sit est. Quidem repudiandae et officia quisquam alias sit. Ex alias aliquam qui eligendi repudiandae ut eos consequatur.

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

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
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...”