Debt Syndicate Analyst
Can anyone give me any insight on a syndicate analyst. I know they mostly price and build the book for new bonds and therefore do no modelling. My question is what is the base/bonus look like and is it unrealistic to think it would be possible to move into a IB after a year or two. Any info would be much appreciate. Thanks.
It's zero modeling. There are some analytical aspects to the job when it comes to pricing/comping different companies but the aspects of the role are a lot more S&T than IBD. On a compensation basis it's totally depends on the bank - desk P&L is derived from fees, which is directly correlated to the # of deals you do, so a bank pricing more deals will inherently make more P&L which translates into bigger bonuses for ppl on the desk. Versus a trading desk, risk/reward is a lot more attractive. Does not seem impossible to move into IB after a year because there is a legitimate story to tell about why you want to make the switch (given youre close enough to the banking side), but you are definitely not developing any skills that are relevant or useful to a banking group.
That is so false there are skills generated that are useful in banking
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