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Does TD Securities LevFin model?
Pretty much title. Also wondering comp, experience as an analyst and recruiting for this group at td
Break into Lev Fin as a Graduate
Hiya everybody, I will be graduating soon and have a Corporate Banking internship lined up for the summer at a large Canadian IB in London. With prior experience within boutique M&A and Fund Raising, combined with a Corporate Banking internship, some ideas on how to best break into Lev Fin would be...
LevFin GS vs JPM vs DB vs UBS
If you were given an offer from those 4 LevFin groups, which would you choose? and why? Also, what are the best LevFin sector specializations for GS and JPM? (best WLB, deal exposure, etc.)
LevFin in Paris
Are there LevFin teams in BB's offices in Paris? Have heard a lot about M&A but not sure whether LevFin deals are rare and so are done by M&A teams instead. Any insight would be appreicated
Leveraged Finance - Origination ? Execution ? Syndication ? HY vs LL teams?
Hello everyone, as the title suggests I am deeply confused by the titles that I find related to LevFin teams. I understand that LevFin is composed of an Origination Team and a Syndication Team. However, why do I see bankers that put "LevFin Execution", "LevFin Capital Markets" and "LevFin...
Leveraged Finance - Best Time and Places to Apply for FT (Graduates)?
Hi fellow monkeys, I'm an intern in M&A at a MM and due to downsizing I was told by fellow analysts that conversion is a no go. I am graduating this October, and after talking to a couple of friends from the LevFin space I decided to make the switch. So the following questions pop up: When are...
2024 Questions List - LevFin and Private Credit
Hi everyone - I will intern in PC next year and I was thinking of making a very exhaustive post for everyone who wants to try to get into LevFin or Private Credit , and who don't really know what to expect, how to choose among the diverse career opportunities, which are the best groups to apply to,...
LevFin Interviews
Hi guys, I am targeting LevFin, how should I prepare for the interviews? What kind of questions technical questions should I expect? Background - South Asian, Currently pursuing MBA, before MBA spent few years in financial advisory and then sometime in financial restructuring.
LevFin Summer Analyst - Recruiting for FT?
I have a MM LevFin gig out of Charlotte this summer. Just to hedge my bets I was going to apply for FT jobs elsewhere. Any insight into how to recruit for FT instead of internships? I am a non-target Junior with 4 internships, all in finance, and 3 in banking. When does FT recruiting start for 2025...
Levfin interview prep advice?
Hi guys, I am preparing for the first round + potential superday interview for a bb bank(the top on levfin space). It's for an MBA summer asso position in NY. Any advice on the materials to prep and types of questions I should prep in addition to the standard 400 questions? I saw some post in the...
LevFin MS JPM GS Exit Opps
Hey WSO, Wondering what the exit opps are from LevFin MS, JPM or GS groups are, which ones are better, and if it's still possible to go to an MF PE shop or pure buyout from a team like this. How would these compare to a FSG team?
Stuck in a catch 22: LevFin or Private Debt to M&A?
Hi Folks, End of the off-cycle July-23 application's season. I got 2 offers so far: LevFin in an British bank with strong exposure to APAC market (not to name it); Special Ops (mostly complex private debt deal but also PE) team in a French investment funds (approx. 40bn AUM) This is my first...
Debt Advisory lateral/exit
I will work in a debt advisory boutique and was wondering what the natural moves are after doing a stint in debt advisory. Naturally I imagine going to bigger shops is natural, but what about other debt teams such as LevFin? And is it common to go from debt advisory to private credit/debt funds?
Resources for Leveraged Finance
Hi all - I will be starting an internship in a LevFin group this summer and was hoping to find more info on LevFin (primers, books, videos, news, etc.). Additionally, if anyone knows of older posts on this, please lmk (the search function is a pain to try and navigate). As of now, I have a few...
General LevFin Discussion
The syndicated loan market is obviously in the shitter and having an existential crisis with the direct lending taking the lead in pretty much all LBO financing for the last 6 months or so. Curious what the LevFin bankers out here are doing given uncertainty? Pivoting to direct lending? Trying for...
LevFin
Anybody know anything about HSBC's Leveraged Acquisition Finance team?
Break into London IB
So I recently accepted an offer to join a regional boutique investment bank as a summer analyst (2023). I have also completed 2 buy side internships w/ a big canadian bank (think RBC/CIBC/TD) and one w/ a family office (>$5bn AUM). I go to uni in london (QM) and my goal is to break into IB (either...
Private Credit to BB LevFin
I am currently completing my second year at a LMM private credit ($3-10M EBITDA) shop in a T3 city and looking to transition to a LevFin group at a BB in NYC (1 year IB experience prior at a small boutique). I have already tried for a year now to transition to a larger buyside shop but in most...
Future of balance sheet / in-between banks?
What are the best groups at places like WF and Nomura? Will they ever build up their advisory business or is levfin still their bread and butter? I'm fairly curious to know how changes in the economic landscape will affect deal flow, as well as what analyst experiences are like compared to bb/eb/mm
Capital One Leveraged Finance - Diversified Industries
Have an interview with CapOne's LevFin group covering Diversified Industries. Does anyone have any insight into the perception of this group / hours? Understand they're more established in Healthcare, but interested to see if anyone has any thoughts.
LevFin WLB-focused Exits and Other Questions
Hi all. Incoming analyst at an MM IB hoping to get some insights from a professional in the LevFin space. I'm planning to do CorpDev after 2 years of banking as WLB is a big factor. My questions: Exit opps: What are some exits available to LevFin, especially WLB-focused ones? I've heard of special...
Starting SA in LevFin at a BB
What would you say to your younger/more inexperienced self when you were about to start your internship?
Sophomore Internship Prepare for LevFin
Hello all,I'm an incoming intern at a levfin group in NY for 2023 and want to gain some valuable experience over the summer in addition to taking online courses. Thoughts on whether a credit analyst internship or finance FP&A internship might be better prep for levfin? Credit Analyst...
Leverage Finance market in 2022?
Got asked in an interview how the state of the leverage finance market will change in the coming year in light of the current state of Europe, with rising Energy and Gas prices as well as overall market volatility due to the Ukraine-Russia situation. Taking into the account the promising past year...
LevFin vs. FSG. Don't really understand the difference
I am an incoming SA at CS (London), and I have read that both groups are very good and I will have to submit my preferences relatively soon. However, I wanted to know about which kind of work is done in each team, as I don't really understand whether there are big differences between both. What...
Lev Fin help
To all the Lev Fin monkeys out there, please let me know if you have any good resources on how to get better at reading a Credit Agreement. I'm an A1 and it's definitely been an uphill battle in trying to get this skill down. I've definitely learned a lot by doing over the past few months but feel...
Second job move in two years? Looking to move from Corporate Banking to LevFin
I started my career at a big 4 accounting firm and moved to a Corporate Banking role after one year. I've been in this Corporate Banking role for a year now and have worked mostly on leveraged deals. I am looking to make another jump to LevFin at another bank. Should I wait or make the move now? I...
CB SA to FT LevFin/DCM?
I am going have a commercial bank internship at a BB soon, was wondering what I can do to increase my chances to getting into DCM or LevFin. Additionally, would Chicago be out of the question given my location in TX? Or will the Houston group be my best shot?
Leveraged Finance (LevFin) Interview Prep Advice?
I have a superday coming up for a Leveraged Finance coverage group and I was wondering if anyone has any info on what I should focus on outside of the standard IB guides? The interview is for a first year analyst position (I'm a senior in undergrad rn). I know LevFin is a bit different than the...
Thoughts on Morgan Stanley LevFin team (LDN)
Hi, I was just wondering what your thoughts are on Morgan Stanley's leveraged finance and acquisition team. I heard it might not be as model intensive as, let's say, BAML or JPM, is that true? Thanks
ECM, DCM, or LevFin at MS GCM?
Hello, I'm looking to intern at Morgan Stanley in Global Capital Markets. I would love some advice on whether I should try to place into Equity Capital Markets, Debt Capital Markets, or Leveraged Finance. I know the teams on DCM and LevFin teams the best. If I do LevFin, I feel quite certain I will...
LevFin at BNP/RBC
Would anyone be able to shed some light on the leveraged finance groups at BNP and RBC? From what I've heard BNP has been growing very quickly over the last two years and is starting to lead left and win market share. Curious if anyone there can back that up or can comment on what the group is like....
Strong LevFin group vs weaker coverage group?
I’m interning at a MM bank this summer for their LevFin group. From what I’ve heard, they’re a pretty strong debt shop with less M&A activity, so LevFin is the strongest group. But also I’ve been reading a lot about how LevFin exit opps are limited compared to M&A and coverage. My question...
Possible to go from LevFin to growth equity?
I'm interning for a MM bank this summer under their LevFin group. Through networking, I've heard that M&A is really the place to be if you want to move into growth equity, so I'm wondering if I should think about lateraling to a different group.
Risk Management to Investment Banking
Hi everyone, I recently received an offer at JPM in risk management as a SA' 22. My end goal is to break into IB. I may have a chance this summer to still secure a spot as I have been networking but I'm not sure. If I were to take the risk job and get on FT, does anyone have suggestions on breaking...
Incoming SA in Top Group - Worth FT Recruiting?
Have Silver Bananas for helpful comments. Incoming SA at a "mid-tier" BB in NYC in what's considered a "top group" on this forum. Think: Bank of America (Lev Fin, M&A, Sponsors) Barclays (Nat Res, P&U, Sponsors) Citigroup (Industrials, M&A) Credit Suisse (M&A, Sponsors) Would like to either stay in...
Analyst vs Associate Hours
Hi All, I was hoping for some insight on the difference in hours worked by analysts vs associates (in London mainly but interested in US too) at a BB. I am speaking with a LevFin team next week for an associate position and want to know what I could be getting myself into. I went from undergrad into...
Structured Corporate Lending Group / Credit Suisse - LevFin?
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MM Capital Markets vs. Boutique M&A?
As the title suggests, these are two options that I am currently considering. The Capital Markets group primarily syndicates loans for LevFin, and the boutique M&A shop,well, does M&A. In terms of exit ops, which group would line me up best for growth equity or private equity? I am aware that it...
What do people mean when they say "LevFin doesn't do much modeling"?
I've heard that LevFin does less pitching and more execution, but at the same time, I've heard people say LevFin doesn't really do much modeling. I thought execution involved more modeling? Could someone help me understand? Thanks!
Best LevFin/DCM News Sources?
Hey Monkeys, I have a LevFin interview coming up and want to be able to speak intelligently about market conditions while I'm there. For those of you who work in Leveraged Finance or DCM , what are your go-to sources of news to gauge the temperature of the leveraged loan market? I'm mainly looking...
Vault Guide to LevFin
Just wondering if anyone has a PDF copy of the Vault guide for Leveraged Finance they could flick over? Thanks.
Syndicate Execution (MO) Role to CLO Trading, Worth The Hop?
WSO fam - I've been working in a middle office operational role for the past ~1.75 years at a Top Tier BB for the LevFin Capital Markets/Syndicate group. I specialize in loans and have been awarded with great transaction experience, connections within our market making/sales/syndicate groups, and...
Q&A: BB LevFin - Mezzanine - Opportunistic PE
About I have been a longtime WSO reader (6-7 years) and some years down the track, I thought it would be helpful to do a quick Q&A I think this could be helpful in particular for (i) those looking to switch over from credit to equity investing, (ii) those interested in mezzanine / sub debt, and...
What “type” do the BB’s hire
Am I crazy to think I have a shot of getting into a BB LevFin group? I’m in FIG at a big 3 rating agency and have started to specialize in the RIA (retail brokerage and advisory) sector because the skills seem easily transferable (analysis of LBO deal terms, capital structure, synergies etc.) to...
Antares Capital?
What is the recruitment process like for Antares Capital? What are they looking for? How technical is the interview process?
Best groups in Citi CMO?
Hi all, Anybody out there have some insight into the different groups for Citi Capital Markets Origination? I've read on this site and other about LevFin and DCM / ECM being better options in terms of breadth of knowledge and exit opps, but honestly can't find more detailed info than that. Someone I...
Antares Capital - Lifestyle, comp, exit, etc
Hey y’all, Just accepted a SA 2019 position with Antares Capital Chicago (credit analyst/Front Office type). I have prior internship experience in private debt at a smaller fund (Monroe Capital, NXT Capital, Madison Capital, etc), so I know what the work is like and that Antares is definitely the...
Breaking into Oil & Gas / Energy as a UG
In the very least, I wanted to create a general forum for advice to both aspiring UG interns (like myself) and other looking to get into the complicated field of oil and gas banking. I'm not the only person interested in oil and gas and I won't be the last either, and I think a very general...
Barclays LevFin VS Jefferies LevFin
Hi guys, I have received offers to join both groups and was wondering which option is better in terms of acquired experience and exit ops, if I tried to go into PE after. How does the culture differ? Thank you very much for the help, really appreciate it.
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