Aug 16, 2015

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)?

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7 Comments

goblan

11y

Restructuring or lev fin at a bank

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Authored by: Certified Asset Management Professional - 1st Year AssociateCertified Asset Management Pro

SonnyZH

11y

Is this a question?

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[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]

11y

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)

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SonnyZH

11y

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

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SonnyZH

11y

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

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11y

Actually the two offers are from different banks but thanks for the help.

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Mark To Market Tax

GreenNinja

11y

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Distressed Debt Research vs IBD

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Distressed Debt Research vs IBD

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