H/S/W to Credit MF

Hi, is H/S/W to MF Credit (BX Tac Opps/GSO/KKR Credit/Apollo Credit etc.) an achievable goal in the US? I know they hire mostly laterals from LevFin/HY/Restructuring in London but then London has less of an MBA focus in general.

Eg. when HBS jobs report mentions BX, is that only for LBO? or could be RE/Tac Opps/GSO as well?

How about 'purer' credit/distressed shops like Oaktree?

Appreciate any inputs. Thanks!

 

Thanks. My background is relevant (BB Special Situations desk) and I already get interview calls from some of these funds. I understand it's always a bit of a gamble with B school but don't want to knowingly go down a route which couldn't lead to something I want to do. As a 'base case' scenario, I wouldn't even mind going back into Special Sits, but am unsure of the feasibility of this.

I know of many people doing MBA->PE/IBD/Consulting, but its proving much more difficult to find MBA grads going into more alternative careers in finance.

A more specific question - do these funds recruit as part of OCR for their credit, distressed or real estate arms?

 
Best Response

It's doable. The trading oriented places (e.g. GSO or KKR's marketable securities credit team) aren't knocking on HSW's doors for candidates, but the Tac Opps, Ares, and Apollo-s of the world are. You're right to state that London has way less of an MBA focus. It's definitely an option here, you just need the right profile (ideally 2 years in banking plus two years in brand-name PE/HF) for them to be interested in a conversation.

Anecdotally, I knew an HBS 2015 guy who interned at Tac Opps.

I am permanently behind on PMs, it's not personal.
 

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