Is LevFin more prestigious than M&A?

Hi all - subject pretty much speaks for itself. I have a few buddies interested in leveraged finance groups purely for the reason that it "sounds cooler" and "levering up companies is fun". Thoughts?

12 Comments
 

Great question I think that if you are truly curious about the matter you can read into it online and they can give more insight. PM for more details.

 

You know, this is the question I always ask myself, as I am interested in LevFin. However, I believe that people like it for more than just the 2 reasons you mentioned. LevFin is more difficult than most people think. A lot of critical thinking and problem solving goes into figuring out how to best prove that a company is worth investing in. I feel as if you are simply trying to downgrade the LevFin group. Maybe it isn’t more “prestigious” than M&A, but I believe that it is a very important aspect in IB. Would love to here what some others have to say.

 

I’ll just echo what’s been said a thousand times, this idea of prestige does not really exist in the actual banking day to day world.

Nobody is going to turn their nose at you if you work in Jpm Lev fin vs goldman m&a. Neither focus is more prestigious than the other.

A rainmaker MD at a small shop could out earn an MD at a BB. Money matters not prestige.

 

Try saying that to the head hunter for KKR.

Prestige does matter. If you work at GS you get way more cred than RBC.

Prestige and deal flow are linked, the same way that deal flow and experience are linked. Being exclusive sell side advisor is much different than being the advisor looped into the m&a to do a financing

OP

M&A is way more prestigious than levfin. Have you ever seen an analyst move from MS M&A to MS levfin for anything other than lifestyle reasons?

 

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