Originally Posted by haganah
IMO they're very different. Distressed debt has a huge credit focus. Sometimes they want people with PE experience ON TOP of credit experience. Even restructuring/bankruptcy experience. The lines are not as blurry as you would think. And what you do in a VC has nothing to do with an LBO.
And in capital markets you had no experience with models, but what also is going to hurt you is that you don't have experience with structuring, documents, negotiations specific to that field (or maybe you do, I don't know). Working in excel is the bare minimum, not the golden ticket.
Personally, I think you need to flesh out what you really want to do in life. Or at least where you want to focus on the capital structure. Which is a lot easier saying that than doing it. As an MBA grad, you'll be more expensive so the risk may not be worth it for someone. Just a thought.
Since I personally have zero experience working in banking and all experience working in industry I have spent a lot of my time learning about how our firm raises capital, targeting capital structure, timing, cash flow analysis, investor cues and expectations. I have more and more wanted to shoot for a treasurer or CFO type role. Perhaps this is just because it is what I am exposed to, but it would be interesting to see the other side. Our CFO's role is much like an investment banker that simply works for the company. It makes sense considering both him and the Treasurer are ex I-bankers.
I am currently studying for my GMAT's and shooting for NYU. I don't really know where I want to be 10 years from now, just trying to expose myself to what is out there, because honestly I am not sure. I am definitely interested more in big picture finance, than bean counting for a small company. I feel like I know a lot already, but I am not sure what move to make. Get experience in the industry and work my way up or try to get into banking somehow with no experience and an MBA.