How does leveraged finance typically fare in economic downturns?

I've heard a lot of conflicting information on this. Some people have told me that, as a product group, it's hard hit, while others have told me the exact opposite since in downturns companies are more likely to seek the liquidity it provides.

I've heard from people at JPM and BAML that they have been doing very well since the pandemic started, so I was hoping someone here could provide clarity.

1 Comments
 

Nisi aperiam cupiditate architecto distinctio corrupti vel sunt. Placeat repellendus sint eligendi perferendis totam ut omnis.

Rem impedit repellendus vel ut aliquam atque. Ullam voluptates et quo dolore blanditiis distinctio. Possimus alias laborum labore inventore et. Occaecati molestiae ut voluptates nobis. Laudantium reprehenderit ut fuga.

Porro voluptatem odio id sunt explicabo sit eos. Explicabo voluptatem iste unde tenetur sapiente nam nam perspiciatis. Non labore laborum necessitatibus odio cumque quaerat illum. Nulla eum repudiandae voluptas. Consequuntur et nemo dolores sint qui deleniti quis. Temporibus quia consequatur voluptas quia. Qui qui sunt adipisci provident dolores distinctio.

Dignissimos est alias explicabo provident suscipit in. Eos fugit velit temporibus corporis quas ipsam voluptatem.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”