Moving from BB macro derivatives trading to distressed debt/credit HF?
Hi,
Currently about to go into associate year as a derivatives trader at a large BB in NYC. Job is okay, but increasingly find myself more interested in investing in more illiquid assets such as distressed credit/HY credit and would like to make the move to the buyside e.g. blackstone gso, oaktree capital and the like. Obviously i don't have the financial modelling/valuation skillset like those found in IBD/Credit research nor a sufficient background in Credit. What is the best way for me to make the transition? Do an MBA with IBD associate summer internship then try to make the move over? Or try to switch to IBD (essentially taking a step back) and then switching to HF?
Anyone have any experience?
Hi Xyrish93, check out these links:
Hope that helps.
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