Low BB S&T or MM CLO Origination??
1. Lower BB S&T. UBS/DB/BNP level firm
2. MUFG for CLO Origination. (DCM IB type work, just very niche)
What would you guys take? Prestige & exit opps
I understand that S&T is highly desk dependent, but it keeps exit open, as career in CLO origination might pigeonhole you into structured products (but can lead to working at a CLO Fund)
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)
MM CLO Origination (MUFG)
Key Considerations
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)
S&T is going to be a far more interesting gig with more opportunity to take on responsibility at a younger age. However if you want a career in any part of the structured products ecosystem a banking role is the best place to start. It’s an entry level banking gig and they all are a grind but you are going to learn a ton and meet a ton of people and should be able to launch yourself into a variety seats (trading, buyside, issuer, etc) depending on your interests. I’m in SPG sales and always come away impressed with any interaction I have with our SPG banking teams.
Highly desk dependent within S&T. Impossible question to answer without really knowing more about what you want. That said, I had the choice between CLOs and a more traditional trading role and chose CLO banking / structuring. There are very few trading roles I’d prefer to or find more interesting than my current role. But again, different strokes for different folks.
Can I pm you?
Yes
Hey could I pm u too for some quick advice? Im in a similar situation
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