I was recently talking to a hedge fund manager about career paths and the qualities he looks for in hiring analysts for his fund. Before the conversation, I had always discounted fixed income research as a career stepping stone. However he made an interesting comment about fixed income research vis-a-vis
As a result, this hedge fund manager views a prospective hire with experience in fixed income research as a major plus. Indeed, he requires all his analysts to do a rotation on the fixed income research desk in order to gain that experience. The focus on a company's credit worthiness and financial strength acquired through fixed income research seems to be a valuable one.
On this site, for better or for worse, there seems to be a predetermined path that is recommended for all of the aspiring John Paulsons and David Teppers. While this is just one person's view, I wonder what you all think about it?