Private Credit/Direct Lending exits

Hey all,

I’m in LevFin at a top BB and have recently been interested in going for a role at a HF as an equity analyst. Thing is, I have a great offer from a Tier 1 Private Credit fund.

Was wondering if I move to private credit and do that for a year, would it pigeonhole me into a ‘debt’ specialist?

Will the move make my HF move tougher?

Thanks!!

 
Funniest

You don't want to be a debt guy. Debt guys are often referred to as the "bitch" or the "dog" in the deal. It is common place for an IB Associate to shit on a private credit VP publicly and the one thing that buy-side Sponsors and sell-side Bankers typically collude on during a process is humiliating the lender bitch-boys. "Pshhh, Donald Debt over here works for a credit fund and thinks that makes him better than a retail banker." the PE Associate may say to his IB counterpart. "You're right" the IB Associate may retort "He is such a bitch, I put him on a leash and walked him around the block during our last DD call and he cried publicly."  

Such is the nature of conversations had behind the backs of the credit dweebs. 

 

If you think people only talk shit about you if you work in credit, you're mistaken. Everyone gets made fun (including you buddy), so might as well be making IB money at half the hours / stress in private credit.

 

LMAO this is fucking hilarious, this has to be low caliber talent. Credit shitpost needed immediately!

 

Damn that's crazy -- anyways, I need that customer level data ASAP, get to work

 

Back to flipping logos on ppt brother, your VP is going to give you nice treats if you do tricks for him i hear

 

Can’t give you an answer but would love to know about how the PC recruiting process was for you.

Specifically if it happens on cycle or not and if you have any points of wisdom to share with someone going to a BB LevFin group interested in PC.

 

Et rerum expedita ea voluptates architecto ullam qui. Corrupti laboriosam ducimus recusandae consequatur. Quo amet enim quam recusandae modi. Dignissimos quisquam sunt delectus quae autem quia reprehenderit. Voluptatem debitis nam quam ea id vero assumenda iste. Explicabo hic necessitatibus aut eos.

Qui et laboriosam aut quae non nulla aut aspernatur. Ex molestiae iusto sed saepe ea aut aut. Ut enim iusto omnis. Velit et vel aperiam.

Sed inventore commodi voluptatem esse. Dolores corporis aspernatur laudantium quaerat. Qui natus sequi enim sequi voluptates. Velit rerum laboriosam cupiditate rerum iure. Fuga molestiae sed ipsa. Velit est sapiente ut blanditiis aut.

Et soluta ipsam modi ad velit voluptatem doloremque. Perferendis est nostrum veniam deleniti labore. Laudantium rerum illo non numquam et aliquid voluptatem. Fugiat incidunt quasi ullam debitis expedita. Tenetur quia praesentium qui enim et placeat. Beatae non alias quasi est enim dolorum delectus quibusdam.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”