Distressed Debt Research vs IBD

Out of curiosity, which would provide better preparation for a future role in distressed debt investing on the buy-side - being a distressed debt desk analyst (in Sales and Trading at GS/MS/DB/BAML) or working in an industry group in IBD (at a BB)?

7 Comments
 

Is this a question?

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

Is IBD (in a standard industry group) really seen as an overwhelmingly better option?

(I'm not including restructuring/lev fin because the bank I have an offer for doesn't do restructuring and the lev fin team is quite weak)

 

I'm assuming you're referring to MS, if so, I'd go down the route of being a dd desk analyst vs. IBD.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

Mainly because MS LevFin sucks and the nature of the work in pure M&A is the most boring thing you can ever imagine.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

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