I'm about to graduate and took a role doing portfolio management/ loan servicing with a decently well-known firm. What kind of career does this look like? I didn't think I would end up in debt, so it's all new to me.
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Venturing into portfolio management and loan servicing as a starting point in your career can open up a variety of pathways, especially within the finance sector. Given the context of venture debt and lending, here are some insights into what your career trajectory might look like:
Career Progression within Loan Servicing and Portfolio Management: Starting in loan servicing, you can progress to roles with more responsibility within the same field. This could include becoming a senior loan officer, portfolio manager, or even moving into risk management. Each role would offer deeper insights into credit analysis, risk assessment, and portfolio optimization.
Transition to Venture Debt/Lending: Given your experience in loan servicing, transitioning to venture debt could be a natural next step. Venture debt firms provide loans to startups and growth companies, often alongside venture capital investments. Your background in managing loans and understanding the intricacies of debt servicing would be valuable in evaluating the creditworthiness of innovative, high-growth companies.
Exploring Opportunities in Direct Lending and Debt Funds: Your experience could also translate well into roles in direct lending or working with debt funds. These positions often involve underwriting and managing loans for middle-market companies, offering a blend of credit analysis, deal structuring, and portfolio management.
Venture Capital and Private Equity: While more challenging, it's not unheard of for professionals with a debt background to transition into venture capital or private equity. This path would likely require building a strong network within the VC/PE community and possibly further education or certifications to pivot effectively.
Corporate Finance Roles: Another avenue could be moving into corporate finance within a company, potentially focusing on treasury functions, which include managing the company's debt portfolio, liquidity, and financial risk management.
Educational and Certification Pathways: Enhancing your qualifications with certifications such as the CFA (Chartered Financial Analyst) or an MBA with a focus on finance could further broaden your career opportunities and facilitate transitions into other areas of finance.
Remember, the key to navigating your career is to continuously seek out opportunities for learning and growth, network extensively within your desired field, and be open to pivoting when opportunities arise. Your initial role in loan servicing can provide a solid foundation in finance, upon which you can build a diverse and rewarding career.
Sources: Venture Debt/Lending Industry and Career Opportunities, Lesser known MBA career options? Looking for advice on what to do post-HBS., https://www.wallstreetoasis.com/forum/consulting/managed-to-pivot-into-ma-advisory-in-a-small-boutique-instead-of-tech-consulting?customgpt=1, Job opportunities after first year as analyst
Asset management is a likely next spot after a year or two. Hopefully, you do get put on stuff where you're the assets more through inspections, rent roll review and insurance. If you do more cash management related stuff you'll become more accounting oriented. Some servicing shops are in-house with some mortgage brokers so becoming a debt analyst is a possibility too assuming the firm is small enough
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