Is it better to work in deals advisory for one of the big 4 or in credit rating in one of the credit rating agencies ( Moody’s, S&P 500…etc)? How does the pay and work life compare? Also my ultimate goal is to get into equity research / asset management

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Credit rating - KPMG deal advisory won’t get you into credit research / asset mgmt

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I started at a CRA and went onto credit research at asset managers. My peers have also left for similar roles and some have exited to IB or ER. The key is to leave after 1 or 2 year mark

Deal Advisory doing what

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Good luck

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If you want an asset management job then don’t do either of these routes. Maybe a rating agency job helps, but generally that’s not a great launching pad.

I would do lots of informational interviews with associates at any firm that will return your call. There’s lots of small buy side shops and research shops that would be willing to give you a shot. You just need to find them.

But long term that whole field is getting smaller with fewer and fewer spots that will provide for long term career.

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