Hey guys, would really appreciate your advice on this one. I’m currently working at an insurance company F1000 (medium cost of living) as an investment analyst. Does it make sense to move over to a CRA in NY?
Pros:
Formal credit training
Published research
More exposure to company management
Deeper dives
Easier (maybe) to get a future job in NY, since I’m already there and the company sends a good amount of people to street and large AM
Cons:
Pay (my current is ~60k and this would be 70-75k but in nyc)
Changing jobs a lot looks bad and could burn bridges
Not a shoo in for a better job down the line
Beauracracy
To add more color, I currently have no mentor. I’m the senior and junior analyst for my sector(s).
Repeated comment.
Depends on where you want to end up down the line. I think you've hit the pros and cons pretty well but keep in mind that at analyst level you really aren't going to have much management contact or be publishing your own research. PM me if you have questions.
Will do. Thanks
Pirho enjoyed your interview a while back. looks like you're in corpfin now. thoughts on doing another AMA?
possibly. i'd have to go back and look at what i wrote and see if there is anything more i can say/update.
Have you already tried to apply to large AMs in nyc?
Yea, but I've only been applying for about 3 months. So far, no interviews with AM firms. But I have received interviews (for NYC only) at a boutique IB and MM ER (I really hope I get this one, will hear back within the next 2 weeks). My biggest motivation to move is for the mentorship opportunity. I don't care as much about near term comp and my long-term goals aren't super far fetched. HF/distressed PE is ideal and cool, but I'd also love running a respectable amount of AUM at a mutual fund (hopefully 7 fig comp at career peak).
I'm very worried that I'll be 2 years into my career, but not have the skillset expected of someone with 2 years of experience. And that I won't be able to lateral / make my career goals come true. I'm pretty sure I'm going to need to make a few jumps to get to that.
Honestly, the credit agencies people I deal with are pretty incompetent and the good ones never stay there long. It seems that '08 is still hurting their reputation as of today. Also, you have to be thinking if you would enjoy the work? You're constantly trying to forecast worst case scenarios or likelihood of bankruptcy/bad events happening. Seeing the glass half empty can be mentally exhausting. Just my 2 cents dealing with them as a client...
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