Two questions -- 1) Credit to buy side credit analyst 2) Texas asset management firms

This is a bit of an exploratory posting, but interested nonetheless. These things do tie into each other.

1 -- I'm currently an Associate in Credit in the Large Corporate space at a BB bank. While I am not currently actively looking to make a move, I have always wanted to get into buy-side credit analysis for an Asset Manager. I know that coming from Credit in a bank probably isn't a great background, but I was wondering what my "chances" are. Other "info" - have an undergrad and Masters from a good (not Ivy) school and worked in a non-credit role for an asset manager right out of school.

2 -- Should this career move happen at some point, I would be looking for firms in Houston. Any ideas? I haven't had a ton of luck finding a credit asset manager that covers the entire spectrum (lots of energy only). Also, not looking for PE, wanting specifically bond/fixed income trading based on fundamental credit analysis. Could even be an insurance company with an Asset Management arm.

Thanks in advance

Comments (6)

Jun 28, 2017

As you probably know not a lot on WSO in credit but I'm also interested in the credit dynamics in the industry

RIP LEHMAN
RIP MONACOMONKEY
RIP THEACCOUNTING MAJOR

Jun 28, 2017

I just left buy side credit...I'll post here later

Jun 28, 2017
td12:

I just left buy side credit...I'll post here later

Looking forward to it.

Jun 28, 2017

I can only speak a little about the credit AM space so far, but I will try to answer parts of this.

  1. I think you would have a decent chance of trying to get in above associate level. The CFA designation would be a huge asset, but this means less at some shops. Networking is always the easiest way in in this close-knit space, but I would imagine head hunters will be connecting eventually. I have met some senior analysts who were poached from BB's. Even just simply applying on PIMCO's website could be fruitful. Depending on what experience you've had you could also look into more specialized debt groups.
  2. No idea. I haven't heard of any insurance AM teams there, but you never know what small credit group be put there.
Jun 28, 2017
SeekingSpread:

I can only speak a little about the credit AM space so far, but I will try to answer parts of this.

    - I think you would have a decent chance of trying to get in above associate level. The CFA designation would be a huge asset, but this means less at some shops. Networking is always the easiest way in in this close-knit space, but I would imagine head hunters will be connecting eventually. I have met some senior analysts who were poached from BB's. Even just simply applying on PIMCO's website could be fruitful. Depending on what experience you've had you could also look into more specialized debt groups.
    - No idea. I haven't heard of any insurance AM teams there, but you never know what small credit group be put there.

Thanks for the info

Jun 28, 2017
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