Equities vs HY/Leveraged Loans

Coming out of uni and I have two separate offers in asset management in London. One in equity research at a $100bn shop and one in leveraged finance (high yield/leveraged loans) at a top 10 global asset manager. I am considering which would be better in terms of long term career and compensation. Any insights?

Which is better?

HY/leveraged loans-top 10
80% (28 votes)
Equities-mid-size
20% (7 votes)
Total votes: 35
7 Comments
 
Most Helpful

It ultimately comes down to what you are more interested in. If indifferent, I would recommend going down the leveraged finance path. Its more complex than equity and I've seen a number of my peers switch from leveraged finance to equities, but dont see much movement in the opposite direction. But it also depends on what platform you are investing in; e.g. is the $100bn shop in equities a mutual fund? Is the leveraged finance role at a CLO? 

 

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