Currently at a BB doing Corporate Banking, work with DCM/LevFin/IB Coverage frequently together on mandates and am interested in if there's a possibility to go down the HF route where I can get a more "risk-taking/performance based comp" seat. Understand a direct jump isn't possible, but what about a 2-step career move?
What would you guys suggest in terms of path to do this? I'm 26 now so wondering if it's a bit too late for me to go down the HF road.
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 1d |
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I’m curious as well- I’m on the credit side of corporate banking- wondering what kind of opportunities there are for investing roles. I know two people from my group that went to Antares but idk if they are on the PM side vs investing.
Probably not distressed roles, considering corporate banking only works with well established businesses. You could try for liquid credit roles at MM buyside shops
May require 2 tough jumps but doesn’t sound impossible to me. I think a good first move would be to a well-respected private credit shop. You’re gonna be fighting against LF/IB analysts but if you sell your experience you may be able to find a spot.
From there it’s all about deal flow - try to get on the hairiest deals / get to see what happens when they go sideways and you may be able to leverage that into a role you described.
Note that if you go this route you may (likely) have to hold back a year or two in your promotion cycle. Since you’re 26 I’m assuming you’re an associate, so you may be stuck at that for a bit given the jumps here. Personally I don’t think that’s an issue given you’re gonna have a 40+ year career but some people get hung up on that stuff.
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