High Yield Analyst

1 week ago

Edinburgh, Edinburgh, United Kingdom Baillie Gifford Full time £60,000 - £120,000 per year
Job TitleHigh Yield Analyst - 12 month fixed term contractDepartmentInvestment - MA&I-Credit-UKOverview of Department

Our Fixed Income Investment Team invests money on behalf of our clients, deciding which companies to invest in. Credit markets will move up and down over short periods in ways that we cannot control or predict but, by analysing and understanding the key fundamental drivers for each potential investment, we use our experience and judgement to select sound investments capable of producing superior long-term returns for our clients. Our teams are deliberately small to foster a collegiate and personal working environment that allows for discussion and debate. 

Purpose of RoleAs a High Yield Analyst, you will play a central role in researching and evaluating investment opportunities across European high yield credit markets.

You will be responsible for generating differentiated insights, challenging consensus thinking, and contributing investment ideas to the team.Responsibilities
  • Conducting in-depth fundamental credit analysis across multiple sectors, applying both qualitative and quantitative techniques to evaluate financial strength, capital structures, business quality, and sustainability.
  • Building and maintaining detailed financial models to assess company performance, capital structures, and future cash flow generation.
  • Identifying attractive investment opportunities in high yield bonds.
  • Making relative value judgements between different credits, sectors, and geographies.
  • Monitoring existing holdings and providing timely updates on credit developments, risks, and catalysts.
  • Engaging with company management teams, industry experts, and external research providers.
  • Working collaboratively with portfolio managers and other analysts to shape investment decisions and portfolio construction.

Your knowledge and experience:

  • Significant experience in high yield credit research
  • Strong analytical and financial modelling skills, with the ability to interpret complex capital structures
  • A proven ability to develop high-conviction investment ideas and communicate them clearly, in both persuasive written research and verbal presentations
  • Ability to make relative value judgements between different investment opportunities
  • Excellent written and verbal communication skills
  • Collaborative mindset, with a willingness to share ideas and work constructively within a team
  • Self-motivation and the capacity to thrive in a flat, non-hierarchical environment

The type of candidate that we're looking for:

We are looking for an experienced credit analyst with a deep understanding of European high yield markets. You will bring intellectual curiosity, sound judgement, and a willingness to challenge consensus thinking.

Critical skills:

  • Team Working
  • Adaptability
  • Openness and discernment
  • Storytelling
  • Technical capability
Closing DateNovember 20, 2025

At Baillie Gifford we are committed to fostering an inclusive and respectful culture in which each of our colleagues can thrive and develop. We believe that our clients are best served by a diverse workforce with the experiences, ideas and perspectives that this brings.

If you are currently working at Baillie Gifford as an employee or contractor please apply to this job from the firm's Workday internal career site.

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