Exits for MBS/CMBS/Securitized trader

Obviously staying on the sell-side and being the head of the desk is, in some eyes, the exit. Though, I'm wondering about juniors who learn the products on the sell-side and then go to the buy-side after a few years. Do many hedge funds hire from MBS desks? Is working at a money manager still a good role? What about working for an insurance company rolling paper or matching liabilities? --- How does comp compare for these? What other exits should be considered?

Thanks

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