MBA for credit roles (stressed, distressed, opportunistic)

Looking to get some input from those who have either done an MBA and are in a credit hedge fund role or are familiar with the post-MBA recruitment opportunities within credit. Are there any benefits to attending an MBA program (e.g. top 7 MBA excluding H/S/W) in terms of academics, perception, network? Or is it a waste of time and money and more useful to just recruit from a current credit buyside role? Looking specifically within New York.

Coming from someone with ivy undergrad, 5 years work experience (2 IBD, 3 HY credit asset management), looking to get into stressed/distressed/opportunistic type credit roles - some funds coming to mind include GSO, HPS, Oaktree, TPG Sixth Street, etc. Please feel free to PM for more info on background. Any insight or color is much appreciated.

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Comments (5)

Aug 21, 2018 - 12:35am

i work in RE arm of an alt asset manager that's historically known for distressed credit - cerberus/fortress/angelo gordon/centerbridge type - and tbh a bunch of our guys on the distressed/opportunistic teams have worse backgrounds than you - i.e. they broke in via credit research, etc. from my perspective, i don't think you need an MBA - just some old-fashioned networking and good pitches


Aug 23, 2018 - 7:03am

Also roversam -- thank you for the color. I'm curious - is the MBA perceived to be more or less unhelpful only in analyst roles? At your funds, are MBAs any more prevalent in senior or PM roles? i.e. do you think it could be helpful down the road in getting promoted to senior positions or for fundraising purposes?
Granted I understand that individual or even fund performance is prioritized for future career tracks, but curious if an MBA could be helpful down the line for marketing or even perception purposes. Thanks.

Most Helpful
Aug 23, 2018 - 9:55pm

Having an MBA has 0 correlation with promotions etc at my fund. The founder has a JD. The CIO doesn't have one.

Some people do have MBAs, but don't think they really moved up because of it. I don't have one and nobody thinks I should get one

A top-7 MBA will always add to your brand, there is no doubting that. There will always be some person impressed by that... whether that be a competitor, employee, or even potential investor.

Aug 21, 2018 - 10:07pm

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