Currently deciding between leveraged finance group and financial sponsors at DB. Wondering if anyone had any insight on exit opps and culture/sweatiness of these groups?
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DB Sponsors take almost nobody; I think it ranges from 1-3 a year. LevFin takes way more, would choose LevFin is solely trying to game the system, if you're gonna get sponsors you will know from your conversations since it's so selective. They also basically choose kids only from targets again due to the fact they have fewer spots.
Exits are basically the same, but think sponsors are slightly better for generalist PE, and sponsors get you exposure to products outside of purely LevFin so might be a slightly stronger experience if looking at PE exits. I left to PC, and think I do not regret choosing LevFin at all due to the aforementioned easier group to get but also because I enjoyed the debt side of things. Your experiences may vary of course.
Any idea why sponsors takes so few? Also have heard some horror stories about LevFin hours and wondering if they have any truth. Thank you for the insight :)
Just a smaller team. Working hours at LevFin are in line with the fact that it has a lot of live flow as opposed to other groups at DB. I don't think the hours were particularly horrible especially since you worked on only live stuff and got a shit ton of deal experience, way more than any other group at the firm.
What’s the difference between LevFin and LDCM at DB? I’ve been looking for an answer for a while
LevFin sweaty af
I’m pretty sure Sponsors got rid of all their junior team (had them transfer to other groups)
Not at DB anymore so can’t confirm 100%
What happened with their sponsors team? Why did they transfer to other teams?
I'm almost certain that this is false regarding juniors....reconnected with an AN1 recently and there was absolutely no indication of this happening.
any insights into levfin and fsg culture / hours / day? just curious to see how they compare
Anyone got any insight on typical hours for sponsors groups? Even just an estimate
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