Low BB S&T or MM CLO Origination??

Based on the most helpful WSO content, here are some considerations for choosing between a lower BB S&T role and a MM CLO Origination role:

Lower BB S&T (UBS/DB/BNP level firm)

• Prestige: Generally, working at a lower BB firm like UBS, DB, or BNP carries a certain level of prestige and brand recognition.
• Exit Opportunities:
  • Asset Management (AM): Transitioning to firms like BlackRock or Fidelity is possible.
  • Consulting/Executive Roles: An MBA can facilitate a move into consulting or executive positions in large corporations.
  • Flexibility: S&T roles can keep various exit options open, depending on the desk and the skills you develop.

MM CLO Origination (MUFG)

• Niche Expertise: Working in CLO Origination provides specialized experience in structured products.
• Exit Opportunities:
  • CLO Funds: Direct path to working at a CLO Fund.
  • Structured Products: May pigeonhole you into structured products, limiting broader exit opportunities.
• DCM IB Type Work: Offers experience in Debt Capital Markets, which can be valuable but is more niche compared to broader S&T roles.

Key Considerations

• Career Goals: If you prefer a broader range of exit opportunities and value brand prestige, a lower BB S&T role might be more suitable.
• Specialization vs. Flexibility: If you are interested in a specialized career in structured products and CLOs, the MM CLO Origination role could be a better fit.

Ultimately, the decision should align with your long-term career goals and interests.

Sources: Why the focus on exit opps?, Career Paths/Exit Opportunities, 5 most important things I learned when exiting consulting, Can someone please explain this to me?, Exit opps for S&T (More focusing on sales)