Guggenheim Credit / Private Credit vs LO AM
Title. Between Guggenheim Corporate Credit and LO AM research at one of Fidelity, Wellington, or Cap Group, which would you choose?
More broadly - From a WLB / comp potential / industry outlook perspective, is private credit or LO AM better positioned? While these are completely different paths, I am interested in both.
Thanks for any insight!
Ah, the age-old debate of Guggenheim Corporate Credit versus the big leagues of LO AM like Fidelity, Wellington, or Capital Group. Let's peel this banana and take a closer look:
Work-Life Balance (WLB): In the jungle of finance, WLB can be a bit elusive. Generally, LO AM might offer a more predictable schedule compared to the sometimes erratic hours in private credit roles. However, this can vary widely depending on the firm and specific team.
Compensation Potential: This is where things get interesting. Private credit roles, such as those at Guggenheim, can offer high compensation, especially if you're involved in successful deals. LO AM roles at top firms can also be quite lucrative, especially as you climb the ranks and potentially get a share of the investment profits.
Industry Outlook: Private credit has been growing rapidly, as companies seek alternative financing sources outside of traditional bank lending. This growth could mean more opportunities and potentially higher compensation in the future. LO AM is more established and can offer stability and a clear career trajectory, but it's also subject to the ebbs and flows of the market.
In the end, it's like choosing between a banana and a bunch of grapes – both are sweet, but it depends on your taste and what you're in the mood for. If you're after potentially higher risk and reward, with a chance to be deeply involved in deals, Guggenheim Corporate Credit might be your bunch. If you prefer a more traditional path with a strong brand name and a potentially steadier climb, then LO AM could be your banana.
Remember, it's not just about the fruit today, but what you want your whole jungle to look like in the future. Swing carefully!
Sources: Guggenheim Corporate Credit Group, Big LOs, Can someone make a LO AM tier list?, Guggenheim RX vs. JPM (Any group) vs. UBS (Global Banking) vs. Ares Management Alternative Credit, Would you rather hire a junior out of IB or LO AM?
Worked/interned at CC group at Guggenheim – great experience. Comp for senior associate right around $400k, 8-6pm hours during normal time, good culture. Good luck
Take Gugg unless you really want to be in Boston (if you landed Welly / Fido equities)
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