Does anybody have any knowledge that could add some color on Wells Fargo Investment Grade Loan Syndications? I'd also like to open it up for knowledge on IG Loan Syndication in general as well. Perks vs. things that suck about it, especially compared to other groups. Exit opps? Skill sets being looked for vs. other groups. I've heard it's a lot less technical. Thoughts? Thanks.
| +134 | Restructuring: Anti-climactic Experience | 36 | 4h |
| +109 | IB Net Worth / Savings Check | 51 | 4h |
| +99 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 25 | 1h |
| +81 | Stop sleeping on UBS - it’s pretty good | 29 | 8m |
| +54 | 2026 VAULT PRESTIGE RANKINGS | 30 | 1h |
| +39 | AI + Financial Modelling | 12 | 1d |
| +31 | Hardest interview experiences? | 16 | 1d |
| +28 | Summer before college | 17 | 19h |
| +26 | Current State of UBS in North America | 8 | 2d |
| +23 | Cold apply for FT recruiting? | 5 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
it's sales. and it's sales on a very vanilla level. exit ops? low. same perks and other more interesting sales (eg, dinners, drinks etc..)
the syndication team basically logs in to Syndtak or Intralinks and sends out requests to other banks to join in on a deal (a lot of the time it is a term loan or revolver since most revolvers are 364 and get done every year) they usually handle requests by the other banks and act as a go between to "sell off" parts of the loan to other banks because they don't want to have that much exposure (these deals are usuaslly pretty big in IG, a couple of billion). You aren't analyzing the deal or building models or anything of the sort, the industry group or someone who completed the deal does that. in IG you really aren't sales either, your not meeting with other banks to go over this, you just send the request virtually or call up your contact at another bank and they will decide if the want in or not, most of them will say yes if they were already in or get revenue from the client.
Are you talking about the sales desk type work (often called the "syndicate" desk) or the actual loan origination side of things. The teams work together very closely but are quite different things.
Syndicated Loans - this is basically pitching for syndicated loan business from investment grade companies (think DCM but for loans). Depending on the bank, SL will be either a separate entity within the product groups of the IB (ECM, DCM, Syndicated Loans) or sometimes it is lumped in with Lev. Fin. Depends on the bank. If mixed in with Lev. Fin, exit opps are obvious. If more just lending to investment grade companies, not sure of the exit opps - maybe somebody more learned than myself knows? Far less technical than other groups as there isn't a whole lot of modelling to be done.
Syndicate desk - as somebody pointed out before, is basically sales. The SL origination team will win a mandate as Lead Arrange for example and commit to lending say $250m of a $5bn facility. The syndicate desk then go out and use their contacts to sell the remaining $4.75bn of the loan to other banks. Exit opps are similar to most other sales positions.
In terms of pay on either of these desks, I have no idea. Can anybody shed any light?
Quaerat velit quas est saepe ratione. Blanditiis quod est totam non tempora.
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...
Et doloribus quia accusantium sit libero. Accusamus nostrum dolores pariatur est. Dicta vero hic voluptas accusamus. Nihil facere architecto ut ab vero blanditiis blanditiis. Iure ut voluptatem nulla corporis. Doloribus omnis iure cum ad esse.
Dolor sed dicta dolorem voluptates ut soluta voluptatum. Mollitia harum ipsum eos perferendis vel nostrum non. Aliquid distinctio error nemo vel enim molestiae. Dolore saepe vel illum fugit doloremque. Autem dignissimos quas et ipsum consectetur quia voluptate. Officia maiores ipsum eaque.
Dignissimos voluptatibus nemo ut. Odit nam veniam provident qui quod.
Quasi provident iusto quia ut necessitatibus voluptatem quisquam sapiente. Consequatur expedita omnis dolores optio nesciunt quos. Consequatur voluptas placeat eos ad nemo saepe.
Quia animi eos aliquid voluptas eum ea dolorum. Eligendi minus voluptas minus esse. Voluptatem quasi et modi.
Voluptate consequatur quae dolores itaque dignissimos. Harum hic laboriosam corrupti eos aut. Nam dolore unde qui.