I'm currently at a buyside shop (bank) focused on broadly syndicated loans and looking to make a move to either a bigger shop with more career upside (a scalable CLO platform) or a more opportunistic credit platform (MM/BDC, junior debt, stressed/distressed) .
I have had reasonable success getting interviews and varying success moving through the process (finals rounds/offers or dinged in the 1st round) with no real correlation to the type of strategy of the fund.
Some firms are happy with my base knowledge and willing to train up, whereas other shops have dinged me after the first round due to lack of i.) credit agreement negotiation; ii.) direct management exposure at the middle market level; or iii.) apparently less detailed modelling/diligence experience.
I was wondering if anyone with direct experience could comment on the differences in experience and skillset. I like to think the shop I am at right now has a pretty robust diligence and modelling process (base case / downside cases / recovery analysis / company valuations, etc) but it obviously doesnt fit the bill for some shops.
Also, any thoughts on filling that skillgap?
Hedge Fund Interview Course
- 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
- 11 Detailed Sample Pitches and 10+ hours of video.
- Trusted by over 1,000 aspiring hedge fund professionals just like you.