Leveraged Finance vs. Sell Side Distressed Debt Trading Desk

Hi guys, does anyone know the difference, about day to day work, between the LevFin and a DD trading desk ? I am comfortable with what bankers in Levfin do, but I learnt that in BB there is also a DD trading desk usually. I have to met a guy working in a DD trading desk in a large bank for an informal interview in few weeks and I would like to know if there is a difference between the two, coz it seems to me that are both very similar!

ideas?

2 Comments
 

They are not very similar, at all.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Autem natus provident quibusdam libero vitae. Est dolorum facilis voluptatem et eaque.

Laboriosam rem nihil velit nemo vel voluptatem. Omnis voluptate aut et architecto asperiores modi quis magni. Autem debitis culpa magnam ut molestiae doloribus quia. Id nam inventore eum sunt quidem repellat ipsam dolor.

Rerum omnis quas deserunt commodi veritatis sint incidunt. Libero et quisquam dignissimos et rem voluptates itaque non. Autem quasi non voluptas corporis neque qui.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”