How to get to Special Situations or Distressed Debt investing from M&A Banking?
Here's my situation, I'm a rising junior currently interning in a credit investing role at a big firm, think Oak Tree / Apollo / Ares / Blackstone. When I took the offer, they were explicit that they don't hire out of undergrad and that this experience is primarily for experience and resume bolstering. Well, it worked.. I currently have an outstanding offer for the M&A division of a top boutique bank, think LAZ/PJT/EVR/MOE/Green Hill.
Now, my issue is that I'm really enjoying the work that I'm doing this summer and want some sort of credit investing, market facing, or special situations investing role. Will coming from an M&A background hinder me from doing this? I really would love to do restructuring banking because the work seems more interesting and like it's a better pipeline to the types of roles I'm interested in, but my bank doesn't have a generalist program..
I was thinking of trying to recruit for a full-time position in RX at a bank that has a generalist program after my junior summer, but that's not a sure thing...
For context, I'd like to work for a place like Oaktree, Blackstone GSO or Tac Opps, Apollo, Ares, Silver Point, etc.
There are quite a few people who do the non-rx banking --> PE --> distress route, especially given distress for control strategies.
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Not sure why somebody gave you monkey shit. That being said, one of the banks you listed doesn't even have a generalist program lol.
Anyway, does anybody else have input into this?
Thank you
Leverage M&A junior internship into FT RX or special sits given your background this summer
GS SSG/PIA (rly tough w/out having worked at GS but maybe possible), Anchorage, BX GSO, Oaktree, Silver Point, Apollo Credit, KKR Credit, Ares: start thinking about these places asap.
bump
Well I have seen a guy go to GS SSG from a Control role at AXA. But it was for SA and based in London. So it may not be impossible.
Can I go from M&A Banking to Distressed Debt or Special Situations? (Originally Posted: 08/04/2018)
I posted this in the IB forum, but I figured it may be more relevant here.
Here's my situation, I'm a rising junior currently interning in a credit investing role at a big firm, think Oak Tree / Apollo / Ares / Blackstone. When I took the offer, they were explicit that they don't hire out of undergrad and that this experience is primarily for experience and resume bolstering. Well, it worked.. I currently have an outstanding offer for the M&A division of a top boutique bank, think PJT/EVR/LAZ/MOE/Green Hill.
Now, my issue is that I'm really enjoying the work that I'm doing this summer and want some sort of credit investing, market facing, or special situations investing role. Will coming from an M&A background hinder me from doing this? I really would love to do restructuring banking because the work seems more interesting and like it's a better pipeline to the types of roles I'm interested in, but my bank doesn't have a generalist program..
I was thinking of trying to recruit for a full-time position in RX at a bank that has a generalist program after my junior summer, but that's not a sure thing...
For context, I'd like to work for a place like Oaktree, Blackstone GSO or Tac Opps, Apollo, Ares, Silver Point, etc.
Hi HighYieldBailBonds, any of these discussions helpful:
Or maybe the following users have something to say: Mr. Pink Money mwibowo @Anonymonkey1111"
You're welcome.
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