Currently an AN1 at a MM Balance sheet bank. In a group that executes and underwrites credit facilities. Getting solid modeling and financial analysis experience and many reps but the job is mundane. Is it reasonable to exit to LevFin or DCM post 2 year analyst stint? I see a lot of people go Corp Banking and Private Credit but is LevFin a realistic option?
| +197 | Americas M&A League Table Q2 Updated | 79 | 1h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 38 | 21h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +101 | IB Net Worth / Savings Check | 47 | 9h |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 11h |
| +77 | Stop sleeping on UBS - it’s pretty good | 26 | 16m |
| +51 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 22h |
| +28 | Summer before college | 17 | 11h |
| +27 | Hardest interview experiences? | 16 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, transitioning from an underwriting role at a MM balance sheet bank to LevFin or DCM is a realistic option, but it may require strategic positioning. Here are some key points to consider:
Skill Alignment: Your current role provides solid modeling and financial analysis experience, which are critical skills for LevFin. Additionally, your exposure to underwriting credit facilities aligns well with the credit-focused nature of LevFin.
Challenges: LevFin roles, especially at BBs or top-tier firms, often prefer candidates with direct investment banking experience. However, your underwriting background could make you a strong candidate for MM LevFin teams or those with a focus on credit-heavy deals.
Positioning Yourself:
Alternative Exits: While LevFin is a possibility, many professionals in your position also transition to Corporate Banking, Private Credit, or even CorpDev roles. These paths might offer a smoother transition if LevFin proves challenging.
In summary, while LevFin is a realistic option, it may require extra effort in networking and positioning. If you're set on this path, focus on leveraging your underwriting experience and building connections in the LevFin space.
Sources: Joining LevFin and FSG at this point in the cycle, https://www.wallstreetoasis.com/forum/investment-banking/qa-2nd-yr-ib-analyst-australia?customgpt=1, LevFin WLB-focused Exits and Other Questions, Leveraged Finance Exit Opportunities, There is no gas left. What’s next?
Bump
Bump
what group are u in ? underwriting can mean many dif things
Enim beatae eaque in et totam repellat corporis. Reprehenderit qui voluptatem illo voluptates quae cupiditate. Ullam odio ut mollitia fugiat consectetur quidem non. Reiciendis ex at accusamus voluptas qui itaque autem. Quia atque perspiciatis rerum neque est.
Voluptate esse quasi voluptas at neque fuga. Facere fugit at voluptas ullam ut et. Harum saepe reiciendis maxime libero cupiditate. Ab tempora ipsam alias. Omnis facere aliquid quibusdam sequi sed optio excepturi. Consequatur cumque illum quas itaque excepturi. Et dolores velit veniam vero non itaque non dicta.
Velit sunt aut nesciunt voluptates fugiat voluptate est. Quisquam facere corporis assumenda. Quidem voluptatem excepturi vel qui et officiis eos. Provident minima vitae dolorum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...