BX Credit - Technical/Case Assessment

Has anyone interviewed with BX Credit?

How was your interview process, as in amount of rounds and many people you interviewed with? I was told there's a case study or some sort of technical assessment. Does anyone know what that comprises of? Is there a general one, or does it vary from fund to fund or group within Credit (which is ridiculously huge now) as I'd assume? What should I expect on it?

Thanks for any insight into this!

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (13)

  • Analyst 2 in IB - Gen
Apr 17, 2021 - 2:14am

Associate level. I can't disclose the exact role now, but in one of the following areas: leveraged loans, structured credit, distressed credit, HY.

  • Prospect in IB-M&A
Apr 17, 2021 - 3:54pm

From what I understand, the technicals test is different based on which division of GSO (BX Credit). e.g. Origination, LCS etc

  • Analyst 2 in IB - Gen
Apr 17, 2021 - 6:32pm

Do you have color on any group's technical assessment in Credit? Liquid Credit Strategies, Originations, Performing Credit, BIS.

LCS, Originations, Performing Credit, BIS

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Associate 1 in PE - Other
Apr 24, 2021 - 4:32pm

I interviewed with a large credit shop (across cap stack) in London (generalist credit role, not a specific sub strategy). Was your classic PE LBO modeling test, incl. IRR and MOIC for Sponsor + returns for debt investors (buying debt at entry and holding until maturity + flexing for different purchase prices and entry dates if you were to acquire in secondary market). 

They like to test your commercial understanding so I would worry less about every tiny mechanical detail (don't overcomplicate!) and prep more for how to efficiently incl. 1-2 operating scenarios for key model drivers and generally being quick in cranking out a basic model which you can then adapt to the specific requirements (time is usually the biggest constraint). 

  • Associate 1 in PE - Other
Apr 25, 2021 - 5:49am

Honestly, just be prepared to include it - should be a very quick high level task anyway, so won't even take you 5min to do.

I don't think it matters much that you are interviewing for a senior debt only shop other than your position in the payout waterfall when calculating returns. They will still be focused on assessing whether you are capable of building a thoughtful 3 statement LBO model with potentially a downside case.

Start Discussion

Total Avg Compensation

June 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (65) $371
  • 3rd+ Year Associate (66) $270
  • 2nd Year Associate (133) $256
  • 1st Year Associate (273) $223
  • 3rd+ Year Analyst (24) $164
  • 2nd Year Analyst (60) $136
  • 1st Year Analyst (177) $118
  • Intern/Summer Associate (19) $70
  • Intern/Summer Analyst (206) $59