Re: What to do now?
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22 Apr 2010, 13:38
Well, I'm not sure what you guys do or don't know about CDO trust services but I'll give you the gist of what I do and be curious to see what you think. In particular, I work on CLO's, so 95% of the loans are Syndicated Commercial Loans. The portfolio reads as basically a list of companies, most of them public, but also plenty of private. We are privy to a lot of information about these companies, esp debt outstanding, payment terms, private ratings etc. As trustee for the CLO's, we are responsible for all reporting, payment and handling of the collateral. We see company loans purchased and sold and the prices being paid for these things. We also have to deal with Moodys and S&P for rating issues. I think this has given me a pretty unique perspective on the derivatives markets as well as an insiders view of how companies are financed and how their ratings are determined. So that is basically the story I told/plan to tell. After being rejected from a few of my top Schools (Haas,Kellogg,Booth, WL'd at CBS), I'm just trying to figure out if I should try NYU or Michigan or just settle for a PT program at Kellogg or Booth if I want to get into ER. I am also open to doing FI research or Credit Research, I just think ER is much more prevelant.