Which of the two best prepares you for a career in distressed debt investing at a hedge fund? I'm aware both backgrounds usually end up in DD HFs but if you had a choice between the two coming out of college, which would you prefer?
| +181 | Ideal College/Recruiting Timeline | 38 | 1d | |
| +74 | Lied on CV? | 55 | 6h | |
| +74 | Military Officer vs. IB analyst | 28 | 6s | |
| Got fired after 1.5 years as an Analyst, want to stay in Banking but I am confused | 10 | 7h | ||
| +26 | Amazing offer but I’m drowning in debt | 13 | 1d | |
| +25 | Is there a point to networking if you have (nepo)? | 7 | 12h | |
| +23 | Are Single Managers Just Not Hiring? | 10 | 3d | |
| +23 | How do I go about explaining huge gaps in a CV for Spring & Summers? | 11 | 19h | |
| +21 | Job Switch Advice | 5 | 13h | |
| +19 | SHIFTING FROM LAW TO FINANCE | 14 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Deleted
Do you mean sell side HY credit research? Restructuring advisory would be better. If you mean as a desk analyst supporting a bank’s distressed trading desk, that’s a good option as well, and probably more interesting than restructuring since you’re also investing your company’s balance sheet.
Restructuring - you don't get active chapter 11 or out of court negotiating experience being a desk analyst or SS credit research analyst (or very, very little). There's no question about that.
Read any sellside credit research for distressed credits - they can't tell their head from their ass when it comes to distress.
What function do you use to pull that off the terminal (if even possible)? ANR? Tried using it on a JCPenney TLB and didn't have any luck.
To get sellside research? BRC for the equity ticker once you're entitled for each bank.
if you mean finding specific credit research instead of equity - you need to filter for the author who you know is a credit analyst
gotcha. mixed up ANR/BRC. and the reports are usually low-quality, you say? interesting, I always found the equity reports pretty thorough.
Voluptatem laboriosam doloribus delectus alias tempora quis dolor. Tenetur et quibusdam consequatur labore molestias ut.
Libero sed maxime sit qui quidem. Velit eum quidem mollitia maiores sed sequi. Et culpa cum illum in. Sed provident consequatur non sint blanditiis ut minima eum. Minus cumque laborum et.
Voluptas ratione et dolorum voluptatem. Error fugit cumque labore hic. Beatae pariatur eos enim at. Qui quis at culpa placeat.
Autem tenetur rerum quae est et ut aperiam. Quia repellat nemo dolores. Consequatur est libero voluptatibus. Amet ratione in qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...