Pros
Good people,
Reasonable pay,
Industry-leading deal volume.
Great exposure to credit markets (you will frequently be included in discussions and expected to ask Fund Executives smart questions as a 1st year analyst)
Cons
- StepStone's Credit team is almost entirely based (80%+) in Switzerland leading to very poor mentorship and limited access to senior folks.
- Offices outside Zurich Switzerland are very much satellite offices.
- Deal teams are often staffed across 6hr+ time zone,
- Asset classes are extremely isolated from each other (don't expect to interact with PE/RE/Infra folks).
- Analysts through MD are stretched thin across multiple credit products (coinvest, fund investments, portfolio management, etc.). Everyone except the Partners seem to be drowning.
- Still operates like a startup - very unorganized/ high touch processes.
- No real training