Opportunity to join buy-side from LevFin / CIB?
I recently received an offer for a Corporate & Investment Banking internship, which I will be joining this coming summer. For which I am very grateful considering the difficult job market. I am currently a student and expect to graduate in summer 2027.
While the title is Corporate & Investment Banking, the work itself is fairly broad. The role is not heavily M&A-focused; instead, it involves a significant amount of credit analysis, valuation, and financial statement forecasting.
The bank I will be working at places a strong emphasis on financing, so much of the work is credit-related. I would best describe the role as LevFin, as the team primarily works with non–investment-grade companies. There is some exposure to M&A, but the focus is far more on financing structures and risk analysis rather than advisory work.
From a learning perspective, the role seems solid, but longer term I’d like to pursue opportunities that are more scaled and offer greater upside. I wanted to ask whether there is a realistic path from CIB / LevFin into the buy side, such as private equity or other forms of asset management. And if there is how do I best position my self? If possible preferably non credit related.
I apologize if any of my terminology is off, and I’d really appreciate any insight.
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Pretty common path to buyside. Good luck
This sounds like a CIB Credit role or a Corporate and Leveraged finance role at a Balance Sheet bank (Truist has a group like this I believe)
If you are primarily doing credit analysis/modeling/underwriting you have a direct path to Private Credit, even LMM PE is possible.
To be honest is just depends on your bank. My bank, LevFin/Coverage doesn’t model and my group does it all, but our job title is “ambiguous”. Just get good reps in and be able to speak to what you did and you’ll be fine
Take it tbh. I say somebody on linkedin go from Citi CIB to Silver Point Capital
Seen even smaller banks like Truist CIB end up at solid PC platforms. If you model you are solid
Oh sorry I didn't clarify. I already accepted the offer.
Going to assume this is Citi/SMBC/Truist.
For Truist, they rebranded the group name but it’s still a solid platform and experience. Seen a few people goto PC shops (Midcap, Antares, Hamilton Lane, TPG Twin, etc etc)
Get the skills and go grind
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