Buy-side credit research to hedge fund?

argtexas's picture
Rank: Monkey | 65

I'm a Senior at a semi-target. Large, public state school. I accepted an offer for a credit research associate analyst position covering high yield bonds. Firm is a top 20 asset manager, based on size / AUM, and I'm very excited. The team has told me there's potential for a promotion to analyst after 2 years, and the program is meant to last 4 years. They'll sponsor my CFA so I plan on sitting Level 1 this summer and going from there. I'm registered to take my GMAT in two months so I can sit on my scores and decide if I want to go back to school in 5 years, before they expire.

I'm wondering what kind of exits opps I should be looking at. I've searched around and haven't found much for credit analyst career progressions. Dream job would be working at a credit or distressed debt focused hedge fund in about 5~ years, give or take.

Questions I have:
- Do people in credit analyst positions at AM's typically just stay there?
- Should I definitely be planning for B-school if I want to exit to a hedge fund or can I do without it?
- Building off previous question, are there any Top 7 or 15 business schools that are known for placement in credit funds?
- Have any of you been through a similar career route, and would you be willing to share some advice? How can I make the most out of my upcoming 2-4 years?

Thanks in advance.

Comments (4)

Dec 7, 2018

Hi argtexas, check out these links:

  • MUST READ! What makes a good trader, fund manager, hedge fund manager, salestrader, and buy-side trader trader at ML and DB. According to his research, it is as much a trader's physiological make-up as ... abreast of the firm's daily research, and alerting them to potential trading opportunities: in short, ... the bank's marketing, sales, research and trading teams. Sales traders need to be sociable, ...
  • How to make a move from Equity research to Buy side- hedge funds working towards my CFA level 1. What is my exit strategy from the sell side and to move to a hedge fund ... I am working at a boutique sell side research firm for 2 years. I have an MBA (not an ivy) and ... ? Any suggestions and inputs would be helpful. Also, is it of any value to do another MBA from an Ivy? ...
  • GMAT or Buy-Side Prep/Investing before starting IB? investment banking ib private equity pe hedge fund hf gmat ...
  • Choosing Between Buy Side vs Sell Side in Equity Research? selling detailed research and investment recommendations to the buy-side (i.e. AM, HF). Job involves ... So I want to do equity research. I know that there is sell-side and buy-side and, so far, I have ... need to land the most coveted jobs on the buyside. Hedge Fund Interview Course Equity <
  • Wanna Jump Straight to the Buy Side? buy-side right away, there's a few things you need to be prepared for. I'll try to highlight ... buy-side interviews for a slightly different question, "tell me why you're here.", The ... regrets... Looking to Break into the Hedge Fund World? Want to land at an elite hedge fund use our HF
  • Moving to the buy-side from the sell-side i have some leads on some buy-side firms- mutual funds and hedge funds, non value-oriented firms- but no ... to equity research to start earning some money again and move to the buy-side later? If i go back to ... forget the sell-side, and say i'm not going to stop until i get to
  • Sell side equity research----> Hedge fund If you worked as an ER associate and transitioned to a buy side/specifically L/S hedge fund job, ... apply/find your HF job? Any and all info would be greatly appreciated. hedge fund buy side ...
  • More suggestions...

Fingers crossed that one of those helps you.

Dec 13, 2018

Bumping the top for another attempt to get replies, will try once more after this then let the thread die.

Dec 13, 2018


1) in 5 years you will have good options for AM/HF
2) some people stay, leave opportunistically when situations arise, kinda a low turnover industry
3) not sure if specific school place better into specifically credit, look at career reports, clearly finance schools likely better. Also, to extent you go MBA but have 5 years credit buyside that's more important than school in my view
4) just work hard and be smart and try to learn as much as possible - if goal is HF/distressed seek out those situations internally

    • 1
Dec 14, 2018