May 17, 2025
3 Comments
 

Based on the most helpful WSO content, it's not necessarily too late to recruit for credit funds, even if many buy-side opportunities have already taken place. Credit/distressed funds often hire through ad-hoc recruiting processes rather than formal cycles, as highlighted in WSO threads. These funds typically have less turnover and don't hire every year, but opportunities can still arise depending on market conditions and fund needs.

To improve your chances: 1. Leverage Headhunters (HHs): Many credit funds rely on HHs to source candidates. Make sure you're on their radar and actively engaging with them. 2. Network Strategically: Reach out to professionals in the space, especially those with connections to UMM credit funds. Networking can uncover hidden opportunities. 3. Stay Persistent: Even if the main recruiting season has passed, positions can open up throughout the year due to unexpected vacancies or fund expansions.

While timing is important, your first-year mark at a BB and relevant experience can still make you a competitive candidate. Keep an eye on job boards and maintain contact with HHs to stay updated on openings.

Sources: Credit funds, 2019 FT Analyst Recruiting Timeline, Q&A: Credit Analyst (Multi-Strat Credit Fund) >$5bn Fund, Disappointed and heartbroken, Firms Still Recruiting for 2020 Full-Time Analysts

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

Eos quia consectetur voluptate nulla accusamus quibusdam impedit rerum. Est cupiditate modi consequatur. Dolorem et excepturi voluptas distinctio animi. Voluptas quae eveniet ab.

Tempora sapiente est esse iusto corrupti molestiae. Vel est itaque est dolorem magnam at expedita. Numquam dolore pariatur quia reiciendis cupiditate impedit.

Sit ut dolorem incidunt possimus architecto. Repellendus dignissimos odit sunt. Dolores aut consequuntur in dolorem suscipit amet eaque. Cupiditate neque veritatis rerum consectetur.

Quibusdam consequatur incidunt animi ratione. Alias a ratione dolorem rerum minima sed repellat sed. Architecto quibusdam dolorem accusantium eum a quia nobis. Error debitis hic tempore excepturi maxime aspernatur.

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 (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

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...”