New Title dilemma
I currently work at MM firm doing M&As, LBOs, and debt restructuring/ recapitalization deals. It’s a niche space as we are usually the direct lender in most transactions involving debt, and other PE firms/funds/sponsors cover for the equity portion of our deals.
Long story short, I’ve been offered a promotion to executive level, and have the option to choose my title between VP or Executive Credit Officer.
Wondering which one sounds better, and might be better for or help with future career moves. Any thoughts/comments are appreciated.
I'd go with VP. I have never heard of an executive credit officer (& I work in private credit) and I'm assuming most others haven't. If you are trying to lateral, a role that people actually know and holds weight IMO is the safer bet.
Executive Credit Officer sounds like someone that approves 3% paper at a bank. I'd go with VP - more universal.
If you are the only one doing restructurings - wonder if you can finagle "head of restructuring" or "head of workouts".
Is it true exec-level, as in you report to the CEO? If so, can you make it EVP or CXO? Or at least SVP if you report to another C-suite role?
VP at a bank sounds like you’re a mid-level in your 20s with directors and MDs above you (IB) or at most upper-mid level with SVPs and EVPs above you (commercial).
Agree with the above that Executive Credit Officer sounds like you compare template output to regulatory metrics with minimal complex analysis.
If these are the only choices, go with VP for higher likelihood someone will look at responsibilities before making a decision
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