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Been offered a role within Credit Research at a large long-only asset manager. Need advice

Posted on 12/2/23 at 4:40 pm
Posted by CAPEX
Member since Dec 2022
865 posts
Posted on 12/2/23 at 4:40 pm
Firm has around $100 billion+ AUM.

I like Fixed Income as an asset class a lot but I've always been interested in Equities.

Would you say it's easy to transition from Credit Research to Equity Research after a few years?

What would you do in my position as someone who wants a role as an Equity Research Analyst as opposed to a Credit Research Analyst?

I don't want to go back and get an MBA just to transition asset class.

This post was edited on 12/2/23 at 4:42 pm
Posted by TDTOM
Member since Jan 2021
14810 posts
Posted on 12/2/23 at 7:58 pm to
Bringing coffee to the boss is the same at both stock and bond shops.
Posted by Big Scrub TX
Member since Dec 2013
33580 posts
Posted on 12/2/23 at 8:30 pm to
quote:

Firm has around $100 billion+ AUM.

I like Fixed Income as an asset class a lot but I've always been interested in Equities.

Would you say it's easy to transition from Credit Research to Equity Research after a few years?

What would you do in my position as someone who wants a role as an Equity Research Analyst as opposed to a Credit Research Analyst?

I don't want to go back and get an MBA just to transition asset class.
What are your long-term goals? Trapped on the mutual fund buyside doesn't seem great, whether credit or equities.
Posted by CAPEX
Member since Dec 2022
865 posts
Posted on 12/3/23 at 9:07 am to
I want to be on the 'mutual fund buyside'.

The hours are great, the work is generally interesting, and the pay is good.

Posted by Big Scrub TX
Member since Dec 2013
33580 posts
Posted on 12/3/23 at 11:10 am to
quote:

I want to be on the 'mutual fund buyside'.

The hours are great, the work is generally interesting, and the pay is good.
In that case, to answer your question, I would not say it's an "easy transition", although I think it's likely easier than having to go the other direction. Equity guys are always going to be viewed as not risk-averse enough by the fixed income guys, so that could make breaking in harder that way.

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11191 posts
Posted on 12/3/23 at 11:23 am to
Credit is where the big boys are. Equity research is basically obsolete in 2023. Unless you’re in a niche or small cap space. Take it and don’t look back.
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