10 Comments
 

In most cases your experience wouldn’t matter all that much . You need to get specific on how your current skill set is a value add. So anything that prior law experience would give an edge

 

distressed credit or credit l/s or not HF related but on private side: private credit

 
Most Helpful

Assuming you mean on the investment side? Most likely distressed credit and litigation financing. Don’t really think the legal side is as important in activism or private credit though I could be wrong 

One caveat I’d mention is you’d want to be careful as a lot of distressed shops bifurcate between a desk lawyer and an investment professional. It’ll be much easier to get a role as a desk lawyer than as a pure IP (relatively as these roles are still rare) and it’s not easy to transition from desk lawyer to IP as some people often think they can do, so worth thinking carefully whether that’s the route you’d want to take.

 

How do the responsibilities mainly differ? And have u seen people make that jump, or is a move to aRx IB still preferable prior to doing any of this?

 

It’s completely different responsibilities. Desk lawyer have minimal modeling exposure and they won’t expect you to really understand a business/sector. Even at a distressed credit HF, you need to understand the finance/business side first then understand the legal/capital structure/rx dynamics.

It’s still doable tho. A senior analyst at my fund was hired out of law school and he’s crushing it.

 

Totam in voluptas magnam repellat voluptatem provident. Culpa et et voluptatem ratione. Libero amet autem maiores praesentium est. Iste et vero et quos. Optio esse autem nostrum hic harum tempora. Et et tempora est aperiam repellat.

Ut eius omnis voluptatem ducimus eum eum. Excepturi quis est omnis alias asperiores. Impedit ipsam quia natus facere. Voluptatem ut nesciunt voluptas voluptatibus iste aut et.

Et dolore accusantium maxime id. Autem nemo deleniti saepe. Quo eius accusamus veritatis sed ducimus dolores. Commodi non facilis eius et quaerat ipsa. Rerum est et rem distinctio exercitationem maxime impedit.

At hic ab eveniet nulla. Assumenda ab sunt itaque dignissimos excepturi. Distinctio ipsa enim sit.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”