Buyside credit research to levfin banking

Howdy banking degens. Currently 1.5y into buyside credit research in high yield and leveraged loans straight out of UG. Been starting the process of trying to get into credits funds: DL, hairy DL, L/S credit and stressed/distressed. But feel it would be much easier with some levfin banking experience. How feasible would it be to lateral into a levfin desk, and would anyone take me at the ASO level vs AN or not possible as I don’t have any IB experience.

Welcome any thoughts.

3 Comments
 

Haven’t seen many people make this move (mainly because most people stay on the buyside instead of going to the sellside) but it is definitely possible.

Honestly if you’re covering HY you should be able to make the move anyways. I’m an analyst on the buyside and often get hit up by HH’s for L/S credit roles. For distressed investing, I’d argue restructuring/debt advisory would place you better to transition.

 

Yeah at LO and I agree that l/s is more accessible. But really would love to gun for stuff more in the stressed/distressed space. Also agree that RX would be better than levfin.

Thanks for the input. Did you do banking before current seat?

 
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