In the coming months, I will be actively pursuing a position in or credit research. I have been a frequent reader and poster on this forum and would like some feedback from individuals on the plan I have laid out and whether there are other recommendations.
I graduated about four years ago from university and am currently an associate as a generalist at a boutique investment bank dealing with a lot of distressed situations. Prior to IB, I was working in accounting/valuations. My time in IB has been a god send to say truth. I have learned a tremendous amount about multiple industry trends and how to analyze a company. Working with distressed companies, I have gone through numerous financials and meetings with management discussing their shortfalls and weaknesses. I am confident that my experience in both valuation and IB will be a good combination for me in breaking into the industry.
Furthermore, I will be sitting for the level III CFA exam this year. If I pass, I hope that will help raise me above the average threshold to at least land some interviews.
On the other side, I have weaknesses which I believe will make my journey into
In the past, I have always been opportunistic with my job search. Before landing my current position, I only applied to three other banks and did not really actively search. I am looking to apply to as many positions as possible and have multiple offers available so I can make a decision that suites me best.
I have laid out a plan after my CFA which I believe will put in the best position to break into the industry:
1: Network, Network, Network - Once I hear back about my CFA result I intend on reaching out current charter holders in the industry. I will also reach out to people via linkedin that I have common/relatable interests with and my current circle which can hopefully leverage some of their relationships.
2: I was thinking of posting a blog of some sort that has write-ups of some stock picks and discussion of current economic trends. I used to have something like this back in college, but the quality of my work in the past was shit to say the least. I think it would be much more informative this time around. I am not too sure if this would be a good idea or not. Making my work public may lead to more scrutinization prior to the interview.
3: Recruiters - It wouldn't hurt. I know recruiters do a really job of filtering and can even be a waste of time at some points.
In the end, networking is king and that is the thing I should be putting a lot of effort in.
I had two interviews not too long ago and one question that came up was my interest in the market. They asked if I had a PA, I don't (not even paper). I plan on having one once I am comfortable with my currently financial position. Also, I have not read many equity research books. I have read through some technical based books but nothing where conceptual topics are discussed. I need to find a way around these questions without straight-out lying. I do have a very strong interest in the space and also follow macroeconomic trends and some companies.
I would appreciate some feedback from members and any other high level things I may have missed. Am I wasting my time right now with how the market is? I would be willing to move since the area I am in has a small number of funds.