Private Credit at BB??

Based on the most helpful WSO content, here's what you need to know:

Position Title

• The position you're describing is typically part of the Corporate Banking or Debt Capital Markets (DCM) groups at most bulge bracket (BB) banks.

Modeling Skills

• You'll likely develop skills in three-statement projection models with a focus on debt capacity rather than equity valuation.
• You'll also work on DCF (Discounted Cash Flow) models and gain experience in syndicated loan market and DCM in general.

Work Interest

• The work can be quite interesting as you'll learn to understand and think about a company's capital structure.
• You'll gain exposure to the syndicated loan market and DCM.

Total Compensation

• Compensation can be quite solid, especially in corporate banking, which offers a more balanced lifestyle compared to other areas like investment banking.

Potential Exits

• Common exits include:
  • Debt investing roles such as private credit funds, CLOs, and other credit funds.
  • Investment Banking (IB)
  • Private Equity (PE)
  • Corporate Development
  • Business School
  • Management Consulting
  • At the VP level and above, exits often include treasurer roles, CFO roles, and positions at other banks.

Part of Structured Finance, DCM, or Corporate Banking?

• This role is generally part of Corporate Banking or DCM. It involves understanding and managing a company's capital structure and syndicated loans, which aligns more with these departments.

For more detailed insights, you can refer to the following threads: - https://www.wallstreetoasis.com/forum/investment-banking/bb-corporate-b…</a">BB Corporate Banking Exit Opps? - https://www.wallstreetoasis.com/forum/investment-banking/bb-debt-capita…</a">BB Debt Capital Markets - Exit Opps / Comp

These threads provide comprehensive discussions on the roles, skills, and exit opportunities in corporate banking and DCM at BB banks.

Sources: BB Debt Capital Markets - Exit Opps / Comp, BB Debt Capital Markets - Exit Opps / Comp, BB Corporate Banking Exit Opps?, 2017 Commercial/Corporate Banking Bonuses, An Overview of Corporate Banking