If you are interested in default, recovery, or even VaR and stuff like that, your career path essay should have no problem. These are hot areas right now.
credit risk 主要是做 counter party default risk,很像ibd,以financial statement analysis 为主分析creditor的FCF是否strong enough to pay back their debts. (简而言之啦) 所以所Credit Risk to PE 是合理的因为skillset transferable. 申MFE的话market risk更fit一些,如果你以risk为shortterm career goal. 欢迎互相讨论,我也要申MFE lol