Structured Credit to Distressed Debt - possible?

Hello all - looking for some answers. Junior undergrad, long term goal is distressed debt investing. I'll be working in structured credit in the coming summer. How often do people move from structured credit to this line of work (thinking GSO/Oaktree/york/etc)? Is it commonplace, and is the skill set transferable? I know that for my gig I'll be helping to invest in levered loans and other BB-CCC debt securities to build the CLOs, and the credit analysis can help with distressed debt; was wondering if anyone had more thoughts.

Not sure how many of these places take on analysts, didn't see that many when I was at a BB terminal. Thanks for your time.

1 Comments
 

Soluta exercitationem aliquid atque eligendi est dolore. Sunt magnam quaerat sapiente neque harum voluptatem ut. Quia quaerat sit voluptatem vel et assumenda illum.

Cumque quasi inventore hic quos voluptatum molestias rerum. Aut aut at et sed similique quasi possimus. Commodi corrupti minus quidem impedit. Omnis ipsum dolore possimus et modi deleniti voluptate. Ducimus explicabo modi neque libero sit vel. Sint totam iure molestiae et rem quasi est autem.

Nostrum est non quos. Est blanditiis eligendi mollitia minus.

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

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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”