Is it time to jump?


I joined a top BB (GS/MS/JPM) IB team within the past 6 months in a DCM/LevFin/MBS/ABS team. So credit-focused. I'd like to continue my career within the credit space. If I had a route to join a MF credit team/HF (i.e GSO or Apollo) / (i.e. Goldentree or Och-Ziff), would you say it's too early to consider doing so? Or to take the opportunity while its available? (I do not have an offer, but have been reached out to by 2 of the mentioned firms).

My end-goal is to be buy-side credit. Would like opinions from thoise who have made the jump.

Thank you.

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.

Comments (11)

  • Associate 2 in PE - LBOs
Apr 3, 2021 - 11:13am

Just curious, why buy side credit vs equities? Got contacted by a similar firm to what you are describing, but I'm currently at a classic vanilla LBO firm (eg Berkshire). Given where we are in the cycle seems like a good time to join....

  • Analyst 2 in IB - Gen
Apr 5, 2021 - 6:43pm

Just where my interest is. Structured credit (which is pretty broad). And I think that's an area that's "safer" from automation than others. I feel like I could have the opportunity to leverage a CLO background to go into ABS, to go into MBS if I wanted to.

You think jumping in my first year is fine?

  • Associate 2 in PE - LBOs
Apr 5, 2021 - 6:45pm

Nah take the opportunity while you have the chance, if it really is one of the rare opportunities. Sometimes it feels "hot" at the moment and you think to yourself "wow, this is the job to leave my current job for" when in reality, there's so many roles out there. But, if it really is a solid job, sure, take it now and don't look back.

  • Analyst 2 in HF - Other
Apr 5, 2021 - 11:31pm

Nothing wrong with making the jump early to a good fund, so long as you recognize that you're green and will have a significant learning curve as you begin to transform your thought process into thinking like an investor. Everyone makes their own decisions – depends on how you feel, culture, pay, longevity, career trajectory, etc. If you feel like it's right and aren't being swayed by a single one factor (be it pay, "prestige," whatever), by all means. Good luck.

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
  • Analyst 2 in IB - Gen
Apr 10, 2021 - 10:18pm

Assuming your network contact/mentor helped to get you this position, would you still do so as early? I'm looking at the following factors: wlb>pay>career. And before all of that, burning bridges. I know a mentor of mine probably had to pull strings with people at my firm in order for me to even interview for this position, coming from a non-target with only 1 year TAS experience. I'm just hesitant to do so which may send a message of me not being appreciative of the opportunity I was afforded (which I 100% am appreciative of).

  • Analyst 2 in HF - Other
Apr 11, 2021 - 12:08pm

It's tough to make judgement calls without being in your shoes. At the end of the day, it's your career and your life so you shouldn't spend it thinking about how your actions will appear to other people, to a degree. Do you feel like the role is one you want to pursue? Then go for it. No? Then don't. Make a list and weigh your options – avoiding burning important bridges is critical, but your mentors and close confidants should be able to understand your decisions regardless if they may disagree with them. Talk to more people. Tenured folks both in the industry or out that you know well who have YOUR interests at heart will be more helpful than an online anonymous forum where thoughts are measured in bananas and monkey feces.

Start Discussion

Total Avg Compensation

April 2021 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • NA (4) $325
  • Portfolio Manager (7) $297
  • Manager (4) $282
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (26) $251
  • Engineer/Quant (49) $233
  • 1st Year Associate (63) $188
  • Analysts (181) $168
  • Intern/Summer Associate (15) $125
  • Junior Trader (5) $102
  • Intern/Summer Analyst (203) $82