Corporate Banking Exit Opportunities in Credit Focused Investing + Advice
I am currently a second-year corporate banking analyst at a BB and have started prepping for jumping to the buyside in a credit-focused role. I've been asking a lot of individuals for advice given my background and have come up with these potential exit opportunities to focus on:
- MM Lending / Private Debt
- Long / Short Credit
- Structured Credit / CLO's
Anyone have any further insight on particular buyside strategies I should be looking at? Any other general advice anyone might have for someone in my situation?
For those that don't fully understand what my role has entailed (get raised eyebrows when I mention corporate banking, and have heard the role varies differently by bank), we mainly focus on the debt-side of the capital structure and seek to originate capital markets transactions. In this regard, we often work with DCM / Rates & FX desks / LevFin / IBK during M&A situations as these situations allow for particularly large fee events. Of course, for the company to turn to us in these situations, we would need to be on the top of their mind, so we do a lot of regular way refi's on their debt, extending credit products, as well as helping implement treasury services, or really anything else that the company might need help with regular-way.
Reviving this thread because I'm definitely interested too
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