EXPERT TIPS TO MOVE TO A HIGHLY RANKED CREDIT FUND

Prepare for each process as it is extremely competitive

Preparation is key to success. From speaking about your professional background in detail (day to day, specific role in deals & motivations for looking at new roles) to practicing case study material (modelling & presentations back to panel). You must know the fund well and be specific about why you think you can make a difference.

Know what is important to you

Are you looking for the Credit Fund that will pay the most or are you looking for a platform that will give you hands on experience and allow you to grow. There will often be a trade off to any move. Be clear on what you are prioritising at this stage in your career growth.

Time of exit

Think about when you want to begin your search to tie in with bonus payments / level of experience. The level we see most traction at as a firm is Senior Analyst – Junior Associate. A search on average takes 9-12 months to complete. At Analyst / Associate level we rarely see firms paying a sign on bonus to cover walking away from a bonus.

Pick the right firm

Make sure you get a holistic view of the market. Don’t jump for the first opportunity that comes across your desk. Be selective, but open to alternate credit strategies.
Explore the market by going to meet the credit funds.

Make sure your CV is constructed professionally

Your CV should have enough detail on your day-to-day and responsibilities, ideally 3 to 5 detailed bullet points. It should also have demonstrable experience of selected transactions, ideally 5 to 8 that you have worked on that you are happy to speak about in first round interviews.