J.P. Morgan LevFin
What are people's thoughts on J.P. Morgan's Syndicated & Leveraged Finance group? What are the exit opps like for PE?
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Top group, arguably best LevFin group on the street.
What about exit opps to PE? Just as good or better than m&A or industry coverage?
An MD at another BB once told me that JPM did have an amazing lev fin group, but that they had twice as many people in the group as the #2 or #3 banks on the lev fin league tables
Implying that they have huge deal flow compared to other Lev Fin groups right?
It's hard to compare, and depends a ton on you as an individual but generally better than most industry coverage teams. Similar exit opps to PE as M&A. Thing is, there's a bunch of "good" M&A shops on the street. But there's only two top LevFin groups if you look at deal volume, JPM & BAML. LevFin/M&A are the two most analytical groups which is why they're good for PE>
^^^ PE exit opps similar to M&A???? What...are...you...smoking. SLF is not a top 2 analytical group at JPM (or any other bank, I'd imagine). SLF gets no exposure to merger modeling or LBO modeling. At least at JPM, coverage builds the model and SLF just provides the financing terms and max leverage. There is nothing very analytical about this group - they look at debt comps and talk to potential accounts to come up with illustrative pricing and then execute financing transactions - nothing analytical about it. You might have exit opps in credit and mezz funds, but definitely not PE - and most people I know end up staying there for a 3rd year and getting directly promoted. If PE is what you want, then do a coverage or an M&A group, no question.
LevFin is the best at JPM and BAML as said above. Banks with large balance sheets with have great LevFin groups, such as jpm/baml/citi/wf.
Does anyone have a general idea about BAML or JPM Lev Fin hours?
100+, does it really matter past that point?
I'm interested in hearing more about this group. It seems as if no one has a real answer about whether the group does any modeling or places well in PE. What about placement in credit HFs? What are ya'll thoughts on this?
Bump
bump
Could anyone else give input on how exit ops from LevFin compare with M&A (assuming coming from JPM)?
Whats better? M&A at Citi or M&A at BAML?
Anyone have experience with the LevFin team at JPM or possibly interviewed with them? (Originally Posted: 02/20/2014)
I would greatly appreciate any input anyone might have on them. Feel free to PM with any info you might have.
enti - PM me.
JPM LevFin (Originally Posted: 02/04/2010)
Can someone who has experience or any insight, tell me what the culture is like in the JPM leveraged finance group...is it a sweatshop that works you harder than the other groups? Thanks guys.
haha..oh man. when times are bad, they'll lay off more than 50% of the analysts just as they begin their second year
So are the people in that group cool to work with? Are they on the spectrum towards a sweatshop when compared to other coverage and product groups?
Supposedly JPM has the top LevFin team, definitely good place to be i say. When the economy goes to crap, no one is safe.
So it is one of the top on the street, does that infer it's a sweatshop compared to the other groups?
Top groups are generally sweatshops, but occasionally there are ones that are known to be more relaxed, for example GS Healthcare.
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