Hi - Does anyone have any insight into MS GCM Lev Fin team?
Looking specifically for team culture, experience, compensation, etc. I am unfamiliar with the group and was approached with an interview opportunity. I am currently a 1st year BB analyst in a comparable role (ignore RE tag) and am hesitant to interview without knowing more about the team.
Any information would be wonderful, thank you!
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Very lean and hit heavy. Do big deals strapped to MS' Sponsors franchise. Don't lend for returns (not a BS bank), instead lend for advisory / equity business down the line. At the junior level, it's very different from what you would get at something like BAML. Juniors do not touch models, pitch books, etc.. they just give pricing views / cap views which lets them run very lean..
What is the culture like? Are the hours more comparable to IB coverage/m&A or more closely follow market hours?
Honestly, really good culture.. Hours are nothing like M&A or coverage, but it's not market hours. MS M&A and most coverage groups are intense. LevFin is by no means market hours, but you wont grind through most saturdays.
Is this similar to CS levfin who are running point on pricing and structuring while CS sponsors is running point on model and committee materials along with lender pres, etc.
I'm in a very similar position. Given that it's GCM, is the compensation similar to IB at the Analyst level or are there large differences?
MS GCM Lev Fin - I'm concerned the feedback in here is inaccurate - I see a lot of feedback describing the Lev Fin "Capital Markets" function (product focused and underwriting risk focused - thus do not create CIM/LP and marketing materials) when he's seeking a Lev Fin role (credit focused, create marketing materials etc).
Not all that different from Bank of America deals they lead. List below of Left Leads from. 2019. Its the same skillset. Bank of America has a balance sheet so they will see more opportunities that leverage that need.
Had to send in 2 pieces bc WSO app is trash
Copy n pasting the list
HUB Intl & above TLB >$1B
Avolon Ltd
BrightSpring Health Services
ZelisRedCard
ION Media Networks Inc
Whataburger Inc
Hub International LTD
Calpine Corp
DiscoverOrg
Aldevron LLC
Outfront Media
Alliant Holdings I Inc
GlobalFoundries Inc
XPO Logistics Inc
Grocery Outlet Inc
Qlik Technologies Inc
Sundyne US Purchaser Inc
Stats LLC
McAfee
Lumos Networks Corp
Hubbard Radio LLC
Chromaflo Technologies
I'm in a very similar position. Given that it's GCM, is the compensation similar to IB at the Analyst level or are there large differences?
bump
I had a very close friend work on the MS lev fin credit team. Here’s how a typical deal is run. The coverage of fsg team typically handles the client and model. They bring the credit and lev fin teams up to speed on the company and the financing.
Credit obviously focuses on the company due diligence and key credit risks (but they never turn anything down lol). Lev fin focuses more on terms and sell down plans.
The lev fin is really more of a markets role or a “soft skills” group. They opine in terms and make sure everything looks market standard. They spread deal comps.
Hours are not as bad as the coverage or sponsor team.
That being said, I always tell people just get into the best bank you can. You can always lateral or craft a narrative if you want to leave. But the name is key. It can give you interview chances you might not otherwise get.
Appreciate this insight. Would you also know the structure/type of work for JPM LF team. Is it similar to MS LF team e.g. markets facing and in terms of responsibilities/roles on a deal. Thanks!
I actually interviews for a vp role at jp lev fin, but didn’t get past the second round and didn’t really get a chance to learn about the workings of the team.
It is my understanding that in general the team doesn’t hold the model, but I know they are hiring because deal flow is so robust.
I simply don’t have insight into how technical the team gets at jpm, but I know they work long hours, pay well and are actively hiring.
How are the hours like for the MS LevFin team? Just curious on what that looks like
From what I have experienced, MS Lev Fin is run very similar to JPM Lev Fin and BofA Lev Fin Markets.
They are basically less technical than true lev fin functions, and more focused on the distribution of the paper.
The hours can still be long, but not as brutal as traditional lev fin groups that have to model and create the CIMs/RAPs. They typically get in earlier and leave earlier, and average similar hours to a syndicate desk. As like any role, hours depends on how hot the market is.
Hi. Just to clarify-MS GCM Division is broadly divided into ECM,DCM and Lev Fin, right?
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