Starting career in Special Situations

I know MFPE programs have been talked about a lot, but are Special Situations analyst programs at firms like Bain Cap, PIMCO, or Sixth Street a good choice? Is there optionality to move to traditional MFPE or SMHF if those are the end goal? Would you take an offer over top EB/BB offers?

 

My understanding is this is one of the best spots possible to start.

 

If you start on buyside in ss you’re going to be fucked. No firm has good training. You want reps early in your career. Go to an Rx IB shop.

Also no you aren’t going to MF PE from any special sits group.

 

is this really true? bain cap seems to have taken analysts for several years, can't imagine training there is bad. and as much as people talk about the reps you get in banking, seems like 90% of the work is still useless admin work, ndas, updating model templates and maybe 10% is actual learning

 


Most of what El Seneca says is inaccurate, looking at his post history. Don’t trust what this dude says

 
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Depends on the group in particular but those are still some top buy side roles with very strong lateral moves. What I would say though is that I tend to see the Analyst/Associate class at MF filled with BB/EB analyst more so then the likes of the special sits investors. Maybe because there is more of them in terms of numbers.

Personally would take any of those names you listed over any banking job…

 

Where do people from Bain Cap special sits/Sixth street/BX tacopps exit to? Regular PE? Hedge funds? Trying to figure out if you would be seen as an equity guy or a credit guy in recruiting. Thoughts?

 

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