Analyst in MO/BO at MF (BX, KKR, APO)
I'm starting as a FT analyst 1 at one of the above MF. Gonna be on the credit control team - obviously this isn't FO. Gonna be super proactive and work on my modeling skills, start studying for my CFA, etc. Is it possible to move out of this type of position at one of the above and closer to the FO or something more revenue-generating, perhaps client facing? If so, how do I even go about it if I want to stay in the MF i'll be working at... I know obviously everyone wants to do something like this, but getting into this co eventually has been my goal since undergrad which is while I took the role, so I'm willing to put in the work to move around. Would love opinions / any experience you can offer!
to add - this is in NYC not the West. not sure why region tagged as west.
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Hate using the word impossible, but it will be like 10x harder to move directly than moving from back office to FO in investment banking.
Admittedly don't know what credit control is but, but the challenge will be you're unlikely to develop a relevant skillset (e.g., learning the M&A process, putting together investment committee memos, creating great presentations, etc.,), so it rules out being able to lateral. Modeling and the content from the CFA program can't hurt, but it's like 10% of the job and frankly the easiest part to learn.
Unlikely banks, PE firms don't have huge analyst classes, so while banks occasionally have last minute slots open up in their analyst classes and can take a risk on someone who doesn't have the skillset but has the right attitude, PE firms don't have that flexibility.
Any of investment banking, consulting, corp dev, hell even FP&A at a portfolio company will set you up much better than a BO role.
Key word though is directly. You have a long career ahead of you. It's always possible to move from this to IB and then to PE. you just might have a few steps in between.
Agree with poster above.
No idea what Credit Control is but maybe there is a path to an investing role on the debt side? Something like your team -> portfolio management -> liquid credit investment team? idk
it's in the credit finance group, essentially an analyst for the controller. Ty for the insight I will definitely look into that sort of path! aside from CFA, anything you think I can do that would be helpful? also- is it frowned upon to look into different business groups within the fund instead of moving to a completely different fund?
obviously. seen about a million people do it. why tf would you want to though?
because the comp trajectory isn't as crazy for the role I took- it's sort of strategy/accounting oriented and I want to get into something more in the FO that generates actual revenue
current path to CFO or COO is easier, and not only would you have more longevity against the PE nerds trying to out-facetime each other, your less likely to get booted out in 3-5 years. less competition. grass greener. etc.
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