Feb 23, 2026

Moving from Specialty Finance M&A (FIG) to Credit Investing (ABF / Special Sits / Distressed) — advice?

Hey all — I’m an IB Associate in FIG / specialty finance M&A (non-bank lenders). I’m trying to pivot into opportunistic credit investing with a broader mandate (ABF / special situations / distressed)

Would appreciate guidance on:

  • What’s the most credible path from my background into ABF / special sits credit (direct lateral, MBA, credit platform within a bank, etc.)?
  • What technical gaps should I expect vs. candidates coming from LevFin / RX / direct lending?
  • How should I position my experience so it reads as “investor-ready” (vs. banker process work)?
  • Any suggestions on target platforms (banks vs. credit funds) that value specialty finance / receivables + funding experience?

Most of my work has been M&A / strategic alternatives with a lot of balance sheet + funding focus

Thanks — any pointers on target platforms or how to approach the move would be super helpful.

1 Comments
 

Expedita mollitia totam aut perspiciatis ut. Adipisci qui corporis modi vel laboriosam aliquid ut. Consequuntur suscipit aperiam dolorum temporibus. Reiciendis nostrum quo dolore veritatis quam id est.

Sapiente debitis ea repellendus fuga. Aut dolores exercitationem cumque vitae quasi facilis. A consequatur ea excepturi omnis accusantium. Voluptas tempore atque et consectetur distinctio sit.

Qui cum praesentium dolorem. Et aperiam explicabo aperiam amet repellendus. Officia nihil eaque blanditiis optio voluptatibus inventore libero quia. Expedita rerum quibusdam est earum.

Sit adipisci suscipit et laboriosam modi voluptatibus in. Recusandae sapiente blanditiis sit veniam officiis eos. Debitis nostrum magni repellendus et. Enim ut exercitationem saepe vitae voluptas aperiam.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”