BB Leveraged Finance Credit Risk vs Corporate Banking Underwriting
Deleted the post and I am now in a new place in the middle market where the people I know who have a job and have the same
Deleted the post and I am now in a new place in the middle market where the people I know who have a job and have the same
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Career Resources
LivFin 100%
Honestly both jobs are probably pretty similar - you will be cranking out credit memos and models. I would go with the better brand name bank (sounds like option 1).
Thanks for your reply! The LevFin credit risk role seems to be more of a MO role and less focused on transactions work/modeling (more like reviewing/approving/challenging transactions) while the CB underwriting role would be more focused on the transaction execution itself. The LevFin credit risk role is also for an assoc position vs an analyst position for the CB underwriting role. Given these factors, which do you think would provide better exits?
In that case, the latter may be better for exit opportunities. The actual work done probably matters more than the brand name, assuming the T2/T3 bank is still a credible brand. DM me if you want to chat more specifically.
Name the tier 2 /3 bank for corporate banking
The CB Credit Underwriting is at one of SMBC/CIBC/SocGen but the role is split between transaction execution and portfolio management. The BB LevFin Credit Risk job is more of a review/approve transactions and portfolio monitoring focused role. The LevFin Credit Risk role is also for an Assoc position with higher pay while the CB Credit Underwriting is an analyst position (with lower base).
Given this, would love to hear your thoughts on which offer would like be better from an exit opps standpoint. Thanks.
How different is the base pay?
yeah this is why I asked - the firms you listed are tier 3-4 in my view
higher pay and better function at BB is a no brainer (unless it’s UBS)
BB Lev Fin CR role. This is a no brainer.
Corporate banking entails products that cover credit (TLA, revolvers) but also treasury and other ancillary sources.
Whereas the LevFin role is directly corporate credit oriented and underwriting focused. Plus better brand recognition and pay, than the alternative.
If it's BofA for #1, do it. Whilst it's not 'client facing', the work you do is technical and sets you up for good exits (i.e. Private Credit).
What if it's a non-BofA mid-tier BB?
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