PJT RX vs Apollo Performing Credit
How would you guys compare these two? What are the pros and cons relative to how each would provide opportunities on the buy side? I would be interested in going to a place that does L-S equity, but is also active on the distressed side. On the one hand, PJT RX has amazing placement and gives you a unique skillset. On the other hand, Apollo is already the buy-side (albeit a less sexy part of it).
Credit is much different from traditional PE. Pay is lower, work is completely different, and there's generally a lot more roles available out of school for credit roles vs. equity roles. PJT RX in my opinion is harder to get, gives you a much broader skillset (after which you can transition to credit or equity, your choice), and opens a lot more doors for you (with better pay...)
PJT RX will train you better than a performing credit job. Performing credit is inevitably less complex on analysis and modeling side than RX situations.
I don't view going Apollo as a bad decision per se. I just think that it's not well-aligned with the LS / Distressed long-term goal.
Thank you both for your replies. That is consistent with what I have been hearing.
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