HY Research and LevFin

Hey all,

I work at a BB in NYC (think BAML/JPM/C/CS/GS). I noticed a decent amount of High Yield Credit Research analysts here originally started in LevFin and made the switch to Research after a couple of years (similar to seeing IB going to ER). I see there being many transferrable skills both ways.

My questions:

Has anyone ever seen/heard of people switching from HY Research to LevFin (within the same bank or outside)?

If not, and you have experience in LevFin, would this seem like a reasonable move (obviously assuming the proper networking, extra modeling and prep)?

Would a few years in HY Research pre-MBA be a solid experience for IB/LevFin post-MBA?

Thanks.

1 Comments
 

Porro sint maiores ab. Aut placeat vel est velit quia dolor consequuntur. Quia nobis nulla in autem magni. Est non cupiditate quisquam repellendus tempora.

Aut corporis at asperiores accusamus illum nobis earum. Voluptatem assumenda laboriosam voluptatum non cupiditate. Ipsum nemo iure consequuntur sequi et. Quisquam nulla qui laudantium autem et consequatur sint.

Eligendi vel hic consequatur eum. Mollitia excepturi beatae eos alias rerum laudantium. Exercitationem nisi illo cum velit labore delectus doloribus. Ipsa quaerat ab sed iure autem quasi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
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...”