I'm a banking analyst here in London and I am trying to make up my mind on which route I want to go down post-banking. Unlike many others I haven't really hated my time in banking as I have learned a ton and worked with great people and even W/L wasn't too bad (of course still far from a normal schedule).
Anyway, I want to leave the sellside and be on the decision side and actually (help) decide on investments.However, I'm having trouble on deciding which route to go down. Let's just assume a perfect (but unlikely) world where it is possible to get offers from all desired exit paths that I am considering.
When it comes down to pure interest, I feel like the distressed debt space is where I want to be for the midterm future (at least). The space is incredibly interesting and I thoroughly enjoyed working with companies in distress. What is troubling me is the question of "what after?". Let's say for one reason or another I wanted to leave the distressed space after some years, what options are still open? I feel like once you are in the distressed debt space, you are pretty much pigeonholed and you will have a hard time moving over to f.e. Corporate Development or buyout PE. Do you agree?
This is basically the only reason why I am also thinking about PE (i.e. buyout funds) for the next few years. I could see myself enjoying that work as well, although I'm definitely more interested in distressed investing. Choosing PE would provide me with more "optionality" I guess, cause I could move over to Corp. Dev. and might still be able to make the jump to Distressed Investing. Am I right with this assumption?
TL;DR: How to choose between PE and Distressed Investing? Will going into Distressed pigeonhole me in this space?
Lastly, for those who have been in a similar situation, how did you end up making a decision for where you wanted to end up?