MM IB to Distressed/SSG Possible?
I'm at a top MM IB in a top group. I really want to work at a firm that is able to invest with sizable checks across a capital structure. I'm fine with not working at Oaktree, Apollo, or Elliott, but find this kind of investing incredibly interesting. Is the move possible from MM IB, or should I attempt to lateral to a top BB/EB first to get a better brand name? I've read up a lot on the concepts and work done in distressed investing, but am not as familiar with the various funds and how they hire. Recently spoke with someone at a fund I'd love to work for and was told I would probably need a bank with a higher pedigree, so want to figure out if this is applicable to the whole field.
Hi Intern in IB - Cov, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
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You're welcome.
How hard is it to break into distressed generally?
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Neeed to be at top EB (EVR/HL/PWP) doing RX IB to even hear from a HH on opening at those shops..
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