Is Leveraged Finance & Sponsor Finance Investment Banking?
IB
(Senior Orangutan, 420
Points)
on 7/7/10 at 11:33pm
The title says it all. Is it safe to say to people that I work in ibanking or even post on my linkedin and facebook profile that I work in I banking?
KICKIN ASS AND TAKING NAMES





If you don't know whether
If you don't know whether your own job is investment banking, then you sir are a moron. That being said, Leveraged Finance (LevFin) and Financial Sponsors are typical groups in investment banking firms.
No, there are some bulge
No, there are some bulge brackets that house it under commercial banking ie, Wells Fargo.
KICKIN ASS AND TAKING NAMES
So ask yourself what your
So ask yourself what your firm houses it under :p or ask us
im trying not to give away my
im trying not to give away my firm and im sure people could link me to who i am if i do. I just wanted to know for general purposes. Thanks!
KICKIN ASS AND TAKING NAMES
You've been here too long to
You've been here too long to troll, but yes they are both IBD groups and no BB has it under commercial banking if you are talking about levfin and FINANCIAL SPONSORS.
thanks for the clarification.
thanks for the clarification.
KICKIN ASS AND TAKING NAMES
some levfin is grouped with
some levfin is grouped with global capital markets
beware, young monkey
oh and some banks like ubs
oh and some banks like ubs combine both.
beware, young monkey
iphoned wrote: oh and some
oh and some banks like ubs combine both.
beware, young monkey
Correction: They're split.
http://online.wsj.com/article/BT-CO-20100430-71809...
It's irrelevant where it
It's irrelevant where it falls. Look at your comp. if you're bonus is at least 100% or greater of your base (analyst / assoc) then it's an IB function. If you're getting paid a fractional bonus, then it's a 'commercial banking' role and you should GFY.
Its Investment Banking, and
Its Investment Banking, and leatherpantz has absolutely 0 clue.
agreed... the "100% or
agreed... the "100% or greater of base" rule is BS... most first year analysts don't get paid 70 or 80k bonuses, unless you work for centerview...
All FO IBD positions pay
All FO IBD positions pay similarly (base is in most cases exactly the same). This includes:
Vanilla IBD (coverage groups + M&A), Capital Markets (ECM/DCM/LevFin), S&T, Research. Not sure if research analysts get super high bonus though although to be fair... they have amazing almost normal hours.
levfin is not in capital
levfin is not in capital markets, at least not at my bank. only at citi is it within that zone.
also most ppl got 40k last year on a 70k base so the 100% rule is definately fase
Some MM's and boutiques do
Some MM's and boutiques do have Lev Fin within Capital Markets but very unsual to see that at BB's
"sponsor finance" is
Just as some banks have