Corporate Banking vs IG Debt Capital Markets
In the future, if I wanted to pivot to a leveraged finance role or other corporate debt origination/structuring roles, which if the following roles would better better and provide the most seamless transition into those above exit opps:
- Corporate Banking: Focused on the underwriting and portfolio management of corporate loans. There seems to be more financial modeling and credit analysis exposure but seems to be a MO role as opposed to a true FO role (I.e., less/minimal origination exposure).
- Debt Capital Markets (investment-grade) : Focused on pitching and executing IG bond deals and providing bond market updates to clients.
Thanks
DCM, at least it’s broadly IB. Much easier to pivot into Levfin should you choose
DCM to LevFin is fairly common . havent seen CB to LevFin but i have seen CB to DCM so both are fine but one has less steps. corp banking can also differ greatly depending on the bank ur at so keep that in mind
Is DCM to LevFin actually a common transition given that in DCM you’re not really touching HY credits and won’t really have much exposure to financial modeling?
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