Pros
Learn about distressed investing, particularly the distressed subsidiaries of Fortune 500 companies. The mechanics of a deal are fascinating; ABL, borrowing bass, offer price for a divestment.
Cons
No continuing education, so to speak. Management unwilling to give time to explain things to you or help develop your professional knowledge or skill set. I wanted to learn Italian, to look for deals in Italy by calling Italian companies directly, and CoBe management didn't want to cover the minimal cost; now I guess my mom will have to teach me, or my dad can teach me Greek. One of the two ! There are no opportunities to be promoted. Small company (2 MDs) means this is inevitable. And if you can't be promoted, you can't earn more ! The pay was not real good. $50k base plus bonus of 50 - 100%; which was always at the lower 50% end. Even if we did a deal, or several deals in a year, the Senior MD would not pay you any more. Even basic communication was poor. When the 2 MDs would be on business trips, we wouldn't even know where they were at ! Really bad.