Hi, is H/S/W to MF Credit (BX Tac Opps/GSO/KKR Credit/Apollo Credit etc.) an achievable goal in the US? I know they hire mostly laterals from LevFin/HY/Restructuring in London but then London has less of an MBA focus in general.
Eg. when HBS jobs report mentions BX, is that only for LBO? or could be RE/Tac Opps/GSO as well?
How about 'purer' credit/distressed shops like Oaktree?
Appreciate any inputs. Thanks!
The ability to do this will depend more on your background than being a student at H/S. Given the right background, it's doable from H/S yes.
Thanks. My background is relevant (BB Special Situations desk) and I already get interview calls from some of these funds. I understand it's always a bit of a gamble with B school but don't want to knowingly go down a route which couldn't lead to something I want to do. As a 'base case' scenario, I wouldn't even mind going back into Special Sits, but am unsure of the feasibility of this.
I know of many people doing MBA->PE/IBD/Consulting, but its proving much more difficult to find MBA grads going into more alternative careers in finance.
A more specific question - do these funds recruit as part of OCR for their credit, distressed or real estate arms?
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anecdotal evidence but a friend of mine at school (non H/S m7) is starting at a $20bn+ distressed hedge fund in the fall coming from an IB/PE background
It's doable. The trading oriented places (e.g. GSO or KKR's marketable securities credit team) aren't knocking on HSW's doors for candidates, but the Tac Opps, Ares, and Apollo-s of the world are. You're right to state that London has way less of an MBA focus. It's definitely an option here, you just need the right profile (ideally 2 years in banking plus two years in brand-name PE/HF) for them to be interested in a conversation.
Anecdotally, I knew an HBS 2015 guy who interned at Tac Opps.
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