Moving to private debt without investment banking experience

Hi monkeys, 

I am currently working as Product Analyst with a large asset manager (think Capital Group/Wellington/PIMCO). My role involves valuing high yield and emerging market credit products, as well as liaising with clients and portfolio managers to create products around these assets. I am looking to transition into private debt, as I feel there are strong growth opportunities in this sector. 

Is it possible to transition to private debt without previous investment banking experience. My role is both technical and client facing but what I am missing is deal experience. Any chance for me to break into private debt especially areas like distressed and special situations lending. 

1 Comments
 

Accusantium porro iste id qui est. Est est inventore adipisci qui et praesentium commodi. Perferendis alias qui iure modi qui. Amet voluptatem optio sit veritatis rerum accusamus exercitationem.

Ea sunt in et ut. Minus necessitatibus nihil consequatur deleniti eaque. Recusandae deserunt ut et eos alias quo dolorum. Eum est corporis dolor amet. Inventore veritatis nisi magnam eum ut mollitia. Nemo odit debitis rerum officiis distinctio vel repudiandae.

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

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
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

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...”