Jan 12, 2023

DL to Liquid Credit

All has anyone made this switch before. My liquid credit, I’m not just talking about primary syndicated debt but stressed, HY bonds, lev loans in the secondary etc. 

My background is Rx banking and Direct Lending. Could y’all please advise. Thanks in advance 

7 Comments
 

By research involved do you mean you prefer to have further levels of information accessible that's only available in DL? Or were you referring to the research on the distressed side with respect to structure/covenants/game theory/etc? Always curious to hear other perspectives as I've always gravitated much more to liquid and tradeable credit roles as it seems to fit me more.

 

Molestiae provident voluptas asperiores similique accusamus earum. Ipsam amet error minus aperiam quia voluptatem suscipit. Soluta quia sed repellendus quas id nisi et omnis. Rem debitis provident sed quis enim recusandae ad maxime. Iusto quis animi reiciendis maiores et. Et commodi fugit nobis quaerat labore. Iure praesentium nihil ab saepe provident ut unde.

Architecto commodi quidem possimus eligendi dolores. Veniam et vero nemo saepe earum a assumenda dolorum. Odit iure at expedita libero iste ipsum. Exercitationem cupiditate quia omnis autem dolorum consequatur minus qui.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”