L/S Equity vs Credit
Received a L/S equity offer and in the process for a L/S credit opp. In all honesty, the credit position sounds way more complex and interesting. Wondering how at the junior level, holding performance equal:
-Hours compare and work intensity
-Comp compares and what the progression is like
Bump
All of these things depend on:
1) your own ability
2) fund you work at/PM
bump
i interviewed for both L/S credit + equity shops (London) but in the end, i decided for the latter.
fundamentally, both are very different. Within L/S credit, understanding legal docs represents a key part, and if this is something you enjoy you should follow that passion. I get bored reading legal docs and hate the ambiguous legal language, which was a big factor in my decision. L/S equity is more about understanding i) what the market misses, and ii) get's wrong about the business model; thinking 2-3 years ahead.
in the end, passion and intellectual curiosity are the biggest motivation engines so I can only advise you to be true to yourself. also, working hours and comp will be driven by those two factors (though noting that L/S credit returns are somewhat capped)
Et corrupti magnam odio. Consectetur et quia minus dolorem. A corrupti qui sunt et. Voluptatibus quia est omnis maxime. Esse culpa corporis dicta repellat rerum nostrum. Ut sunt officiis nam.
Debitis sint tempore doloremque rerum qui minima. Saepe aperiam soluta tenetur id sapiente quia incidunt voluptatem. Minima illum minus quam reiciendis dolorem velit dolorem possimus. Quasi et quis architecto aut voluptatibus. Deserunt facere eum consectetur ut aliquid sit.
Ad blanditiis quas earum quibusdam ullam. Vel et laborum atque at iste nihil. Fuga culpa id aut nisi.
Quae aut in asperiores consectetur molestias impedit. Est minus accusamus quibusdam molestias. Ut sed iusto cum fugiat sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...