Hi guys, can you share any color on recruiting for mid-level professionals for direct lending/special situation (Senior Associare/VP) roles currently? Are you seeing many opportunities out there?
| +38 | What's the Difference - Opportunistic PC vs Opportunistic HF | 14 | 4d |
| +20 | Need advice between CB or PC | 6 | 16h |
| +10 | Any updated views on Barings Private Credit platform? | 5 | 3d |
| +10 | High Yield/Loan Market Comp | 2 | 1d |
| +9 | What does a typical private credit interview looks like? | 3 | 3w |
| +9 | Vanilla PC Analyst... Where to Next? | 5 | 2w |
| +9 | Buyside Credit Opportunities | 3 | 4d |
| +9 | Private Credit Advice | 2 | 1d |
| +8 | Province Firm? RX CO | 2 | 2w |
| +8 | What type of position should I move to next? | 4 | 1w |
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.
Based on the most helpful WSO content, the mid-level job market for roles like Senior Associate or VP in direct lending and special situations is currently quite challenging. There seems to be a significant increase in the number of professionals at the associate level looking for better opportunities, but the availability of compelling roles is limited. This is partly due to cyclical factors and the overall market dynamics.
For instance, in real estate and related fields, the associate-level job market is described as "fickle," with limited openings and low compensation for professionals with around five years of experience. The jump to director/AVP is considered the most critical and challenging transition. Similarly, in direct lending, while there are transferable skills for exits to other credit-focused funds or even LBO funds, the opportunities at the mid-level are not as abundant or attractive as one might hope.
If you're targeting distressed or special situations investing, it's worth noting that transitioning from direct lending can be done, but it requires a steep learning curve due to the differences in skill sets, such as game theory, covenant work, and complex corporate structures. The earlier you make the switch, the better positioned you might be for long-term success.
For more insights, you can explore discussions like "The Real Estate Job Hunt - Mid Level" here: https://www.wallstreetoasis.com/forum/real-estate/the-real-estate-job-h…</a">The Real Estate Job Hunt - Mid Level.
Sources: The Real Estate Job Hunt - Mid Level, Direct Lending --> Distressed/Special Situations Investing, Megafunds starting associates 6 months earlier, Questions about VP/D/MD levels at investment banks, Apollo is revamping recruiting and softening its culture. Here's a look.
Nope :(. Seen some postings for MD/head of strategy roles which should percolate into mid/junior postings in 3-6 months?
Bump, interested in this as well. Are you seeing slowdown similar to PE roles?
can't see a slowdown if I never saw a pick-up :(
Feels like market is better than it was last year post bonus. Both roles publicly listed and ones that are head hunter only.
Quo est et iure quasi illo eos soluta. Explicabo temporibus temporibus nesciunt fugit totam. Vel inventore tempore eos non ea perspiciatis.
Quibusdam aspernatur reiciendis vel sed aut corrupti dicta. Nobis quis repellendus facilis ipsam reiciendis maxime. Sit natus consequatur consequatur harum provident veniam impedit. Ipsa totam dolorum officiis nostrum.
Doloribus nisi est inventore dolor sit deleniti soluta. Ut sapiente exercitationem harum aspernatur vitae aut maiores. Ut aut suscipit asperiores ea. Consectetur et id voluptatibus ut rem doloribus. In assumenda iusto odio ut veniam.
Dicta incidunt nobis voluptatem. Aliquid magnam assumenda ratione officiis modi mollitia. Optio non nulla pariatur porro suscipit cumque.
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...