Ratings agency vs. Big 4 advisory
Out of undergrad... A corporate ratings position at one of the big 3 agencies or financial services advisory at one of the big 4? Ultimate goal is a FO role buy side or sell side.
Ratings Agency
Thanks. The appeal of this advisory group is that the projects apparently bring you in frequent contact with the FO at banks and asset managers and leave you with a great network. That said I think the work at the ratings group would be much more transferable.
Also the training, career prep and benefits are a lot more structured at the big 4 firm.
I also agree ratings agency. If you want to do M&A, maybe advisory and that's a big maybe. I just think you learn more analytical skills at a rating agency and people are constantly leaving Moody's and S&P to go to banks.
If your end goal is S&T, HF or AM, then this isn't even a question...ratings agency. While you will do a lot of valuations in the advisory group - I just think ratings agency is better when it comes to beginning modeling skills and really learning in-depth knowledge.
I think you're right on when you saythe work is more transferrable. Having contacts is great, but they ultimately mean nothing if you don't have the skill set.
Thanks a lot. The part about S&P & Moody's people going to banks frequently is especially reassuring.
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What's the most realistic jump after doing 2 years corporate credit research at a big 3
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