2.0
31 Oct 2010
Anonymous employee
Current employee
New York, NY
Recommend
CEO approval
Business outlook
Pros
If you are 45, tired of banking, and want to spend time with your kids, Fitch is the place to be. Its an easy place to work, there arent many requirements at hiring stage etc. Also, most competent analysts leave within their first 18 months, so it doesnt take a lot to use old assumptions to work through, as some one else would have created the models before you.
Cons
Unless you are white, or from London or in some cases from NY, you wont make it to any of the MDs or GMDs for any of the three rating groups - Corporates, Banks and Structured Finance. Compensation is 30% lower than Moody's or S&P. Investors dont prefer Fitch, and its currently number three going towards number four in the industry. Also, its French.