Jul 20, 2023

Private Credit Career Advice

Hi All,

I'm looking for some advice/insights.

I'm currently a post-graduate student who landed a role on the buy side for a very small boutique private credit fund ($400M AUM). We look at anything ranging from senior/mezzanine debt to preferred equity. 

In terms of long term career progression, is it better to move into a more well known bank on the sell side, develop the networks and "reputation", exposure to bigger deals, then make the transition to a larger buy side fund later down the line? Or, given that I'm already on the buy side, stick it out and try to just make that jump to a bigger fund after a few years. 

TLDR: Does the skills/experience matter more, or is it the firm's reputation that opens doors better? 

3 Comments
 
Most Helpful

I'd give my 2cents. I think since you are already on the buyside, it will be more coherent to continue in a PC shop. It might take a couple of steps to get to the right place, but I don't think going to a bank for the deal exposure is easier to justify for your next buyside role. You want to show that you want to be an investor and that your career choices are fully aligned with this goal.

 

Saepe ratione fugiat eos enim. Reprehenderit neque quisquam cum sequi ut delectus. Voluptate adipisci nihil sit architecto explicabo quae laboriosam. Optio laudantium doloribus cupiditate. Molestias perferendis dolorem id rerum necessitatibus facilis. Est amet enim omnis iste voluptatem.

Harum unde perferendis et sapiente ut quia. Sunt excepturi nulla minima quia rerum cumque. Aliquam enim est quas animi numquam dolorem quis voluptas. Officiis sed sed architecto earum. Rerum nihil adipisci non hic. Quo voluptatibus sapiente vel laudantium reprehenderit odit. Ipsum magni quod veritatis animi reiciendis molestias.

Career Advancement Opportunities

October 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

October 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

October 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

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”