Apr 19, 2024

Unsure of whether to leave Private Credit

Have been at a shop for 2 years, and while pay is excellent (close to 250k as an analyst 2) I am completely beyond burned out. Hours are 1 thing (70-80 during normal times, flexing up to 100 during busy periods) but the seniors are just complete assholes which has made the whole situation untenable. 

I’ve started looking for new roles but moving to the “interesting funds” (6th st/Apollo/SVP/Etc.) seems to be even worse culture/hours wise, moving to the “big funds” (blue owl/Ares/etc.) seems like a similar grind as well with less interesting work, and then moving to the “chill shops” seems like taking a massive pay cut to fund shitcos and smoothing my brain over. At that pay band I’d rather switch industries

I enjoy credit work, and investments, but I’m really at a loss here on what to do. I need to move somewhere better culturally and where I can take a weekend off without having anxiety around my work phone. I was thinking of trying to jump to the public side as it seems less intense (CLO/HY FI). Would be keen to hear any thoughts from people who have been through similar

 

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