FS & LevFin, what is the difference in the job?
After reading some old posts on the forum, I'm still not clear on a few things. Can someone please shed some lights?
If the financial sponsor group and leverage finance group are separated in a company, what is the difference between the job responsibilities in these groups?
If you work for a company with the two groups separated and you're in the leverage finance group, is the exit opportunity to PE less than those people who work in the financial sponsor group?
Is it correct to say that financial sponsor is the coverage group and leverage finance is the product group?
Your help is greatly appreciated. Thank you
TYPICALLY financial sponsors is more of a client facing coverage group (akin to tech, industrials, healthcare, etc.) & leveraged finance is a product group. FS (at a decent shop) typically is much better placement due to the interface with PE people. But this is far from universal & it's dependent on the company & fund. At some banks Lev. Fin is looked at as the "back-office of the front office," (cough cough Barclays) as one VP put it.
Lev fin for PE placement is much worse now due to the downfall of the CLO market, but if LBO's pick up next year that skillset may be more in demand. BoAML & JPM are top dogs for lev finance.
Dignissimos temporibus sint totam. Id magni et libero rerum asperiores. Delectus facilis aliquam ut dolore id dolore est.
Est perspiciatis quis ut suscipit deleniti temporibus cupiditate. Et ex corporis et assumenda. Voluptatem sunt tempore ut nesciunt et non porro. Voluptatum et explicabo culpa vel architecto ab.
Et facere nostrum atque velit fuga modi. Laudantium id ut ipsum totam voluptas ex provident et.
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...