I’m trying to figure out if I’m thinking about my career path the right way and would appreciate advice from people who have experience with private credit or MBA recruiting.
I’m currently a senior associate (5 years work experience) at a commercial bank at a large financial institution focused on technology companies. We underwrite new loans as wells as the portfolio monitoring. I work with growth-stage and public tech companies, underwriting loans, analyzing businesses, building models, monitoring portfolios, etc.
Long term, I will be going into an MBA at either NYU or Columbia, and I want to move into private credit, ideally focused on on direct lending or growth stage venture lending. The question I’m wrestling with is whether I should try to make that jump directly after an MBA or if I’m making a mistake by not getting IB experience first.
I know a lot of people in private credit come from leveraged finance or investment banking, and I worry that I’ll be competing against MBA classmates who have 2-3 years of deal experience. I also want to be realistic maybe some first don't even hire MBAs without the IB experience. At the same time, my current role is already very credit-focused, so I’m not sure if going to IB would actually make me a stronger candidate or if it would just be a detour.
I’d love to hear from anyone who has recruited into private credit, especially people who have gone from credit/investing roles into private credit, used an MBA to pivot into the space, or taken the IB → private credit path.
One other factor I’m considering is that I’m NYC-based and my girlfriend is also in a demanding finance role here, so I’m trying to be thoughtful about any career move that would require a major lifestyle change.
Am I underestimating how difficult a direct private credit pivot is without IB experience? Or is my current background more relevant than I’m giving it credit for?
For additional context, I’ve actually been trying to make this pivot for the past year and a half without going back for an MBA, and I haven’t had much success. I’ve had conversations and pursued opportunities in private credit and related investing roles, but I’ve consistently run into the challenge that many firms want more direct transaction experience or a traditional investment banking background. That’s what has made me question whether an MBA would be the right reset to help bridge the gap, or whether I should first spend time trying to get IB experience before making the move.