Leveraged Finance vs. Real Estate coverage?
Would be entering as an Associate, both the Lev Fin group and Real Estate are Top 5 in league tables.
PE down the road is definitely an interest, but not necessarily the main goal.
Real estate is an interest, but not necessarily sold on a career in real estate either. Otherwise, pretty indifferent to industries and like the industry variety of a generalist role / product group.
Thoughts? Pros and cons of each?
Which bank ?
real estate. lev fin is extremely boring.
I'd counter with RE is boring, do LevFin...
If you're not totally sold on Real Estate, I'd avoid it, unless the group also covers Gaming/Leisure, in which case it would be interesting. Lev Fin is different at different banks and can definitely be boring at the analyst level, but at Associate and above it's very interesting and you take on more responsibility earlier in your career.
I work in RE and recommend avoiding it. The RE finance is boring and won't be as lucrative going forward.
Leveraged finance just sounds sexy when you say it.
Thanks for the comments, but hoping for more than "boring" or not. I'm hoping for skills developed, exit opportunities, deal experience, depth/breadth of knowledge....which is a better career move.
Not your opinion of which is more "boring".
You're right. Let me put it this way: RE finance is easier. Real finance takes more brainpower, which means more valuable skill sets developed, which makes you more valuable, more job opps in the future etc etc.
Which bank is this ?
I'm learning that Lev Fin (and product groups in general) get paid less than coverage bankers. Is this true? What if Lev Fin is one of the strongest groups at the bank? Such as JPM/BAML/DB....
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