LevFin preparation for virtual internship
Hi everyone,
I'll be joining JP LevFin group virtually this summer.
It looks like there won't be a lot of modelling, but I still want to be prepared for that, so I was wondering if you could suggest any good excel modelling course I could buy (or even a free one).
Currently, I'm reading about High yield bonds and leveraged loans (main products they deal with) and I'm planning on reading the LBO chapters of the Rosenbaum book.
Happy to hear any suggestions on how to best prepare.
Thank you.
strongly recommend reading Pragmatist Guide to leverage finance. That should prepare you for your job. That’s the Bible for Lev Fin. As you may know, JPs Lev Fin team by market share and by prestige is #1 on the street by a mile.
Be prepared to read credit agreements, covenant review, lcdnews etc.
“And by PrEsTiGe is NuMbEr 1 on the street by a MiLe. “ lmaooo what??
First of all who decided that? JPM sits on their balance sheet and extends everyone and their mother a revolver to pump up their stats. It’s a capital markets groups with no modeling so analysts don’t place well into PE.
CS and BAML LevFin are known for being some of the hardest groups to place into because they’re regular feeders into top exits and execute some of the most complex transactions in the world
Thanks!
Lmao while that comment was extremely cringe, I do highly recommend the Pragmatist Guide, great book for just starting out. Then id recommend going over the LBO section of Pearl & Rosenbaum. Check out Leveraged Buyouts by Paul Pignataro (huge fan of his books btw). Also do your best to follow HY and leveraged Loan markets and what's going on.
Hey would you please recommend some websites to follow DCM and leveraged loan markets
Looks like you're in the London office. Is that correct? If so do you know if the NY LevFin team also does not do a lot of modelling? Finally, what makes you think you won't be doing a lot of modelling?
yes, I'll be in the London office. Speaking with people from the team they told me that sector groups mainly handle the models.
S&P Global Markets Intelligence put out a free Leveraged Loan primer. This is helpful for an overview of the loan market. It's a few years old but still relevant
agree w/ reading LCD loan primer as a step 1, to learn the basics. that’s passive reading tho.
if you’re interested in learning further after that, I can walk you through some exercises or send you some stuff to learn the rest of the job (excluding modeling) - aka the Capital markets / credit agreement, etc - as basic or as in depth as you want.
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