Mega Fund Credit Interview Questions
Hi all, I have an interview upcoming with the credit arm of a MF focusing on structured. Was wondering if anyone could let me know what to expect in terms of questions, case study, modeling test, etc.
Any additional details around comp at the associate level would he helpful as well. I doubt it’s in line with true PE associates, but would he curious to hear if I’m incorrect. Appreciate the help.
Bumping bc of wso glitch
Bump
Haven’t updated my title so ignore, but got an offer from MF credit. Looks like comp will be ~$260 all in.
a lot of my questions revolved around my deals I worked on. Asked how I’d think about diligence for a company given a specific scenario. Paper LBOs, why credit, basic finance question from the guide, etc. Hope this helps!
Would you mind sharing which fund that is? Would have expected GSO / BXC to pay in line with other BX strategies, i.e. around $300k. Thank you!
I’ve been told and seeing at other shops this is pretty standard. Although I don’t have any info on BX and wouldn’t be surprised if they are more of an exception.
BX has underpayed from what I've heard from various friends of friends who were there. I was at a MF for two years in PE and I know BX paid less than what we were getting so no surprises if that translates over into their credit teams.
Thanks for the reply and congrats on the offer. Is the role more centered around corporate credit? It seems like from your interview process it may be so I just want to clarify.
The role i’m interviewing for is structured (think ABS, RMBS, CLO etc.). I could speak to aspects of corporate credit, but definitely not my expertise. Thanks again.
Surprised it's that low. You'll make more as a structured credit banker. Though it seems like you're not into securitized/structured credit. Seems like this role is more mezz investing. If I'm wrong about the role's focus, then it must be Carlyle. Apollo/BXC/KKR all pay pretty closely in line with the other investing arms. Carlyle structured credit platform is wobbly, though still surprised they would pay that low.
It’s Direct Lending, also not Carlyle. I’ve been told consistently though $250k+ is pretty standard for first year associates and know one of the other MFs pay that also so it seems to be at least close to market
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