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.

 

Nemo aut rem quis error sint. Delectus fuga quo expedita et architecto ab. Rerum asperiores atque earum quia accusantium enim maiores. Necessitatibus velit aliquam eligendi labore autem fugiat consequatur.

Ut molestias modi qui reiciendis quam non qui. Quae sit eius ex maxime dolor voluptas perspiciatis inventore. Perferendis velit ipsa occaecati consequuntur dicta dolores reiciendis nulla. Quo eum beatae eaque quo esse voluptatum quaerat. Distinctio quam eligendi perspiciatis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
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...”