Hey All,
I was hoping to gain some insight into whether it was possible to hop from a ratings role to lev fin, given some of the underlying credit analysis skills are pretty similar. I am talking about doing 2 years in ratings at either (S&P or Moody's) then starting as an analyst at a reputable bank.
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It would be tough but it looks like you'd have a better shot then your standard commercial banker. If the agency offers a structured credit program, completing that could help you a lot. I havent seen anyone make a move like that but I don't see why it wouldn't be possible since from my experience, levfin/levlending tends to be a more receptive group to people who have strong experience outside of just IB.
Thank you for your input. Some people have told me it could be a multi stager career move but good to hear there is a shot. Also, I was curious to know if you have seen MM or BB more receptive to people who have outside experience for Lev Fin. I imagine it would be tougher for a BB transition.
Yeah dont count on BB but look to MM shops like Stifel, RJ, BMO, maybe Jefferies and RBC but unlikely cus theyre pretty high tier, etc. Also check out some of the levfin funds out there. I've seen standard commercial bankers (emphasis on standard, and not corporate banking, not high risk debt, not leveraged loans etc, just standard) make the move so I feel like youd have a shot
It'll be tough, but not impossible. While you will get a good deal of credit exposure at the agencies, the jobs are very different.
A lot of banks have their own internal group dedicated to estimating ratings on new levfin issuances (and will usually hire former rating agency people for their network and inside knowledge). That could be the easiest path to levfin.
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