Project Finance vs Leveraged Finance vs DCM

So the title is a bit clickbait - I completely understand each career has its own merits and each individual enjoys different things.

I've been in public finance for about 4 years now. Looking to potentially exit. The lowering spreads, lack of strong analytical work and pitching/RFPs amongst other things is driving me out.

I'm looking for something with more deal focus (opposed to pitching) and analytical. DCM seems like it would be the easiest transition with the least hours. But less modeling and more pitching. Project finance on the sponsor side is my top interest at this point. It seems like comp might be the lowest of any of these fields? Correct me if I'm wrong. Lev fin seems like the most difficult to get into from pub fin and the most hours.

Does anyone have any thoughts on this? I want interesting work, but don't want to work M&A type hours. DCM seems like good hours, maybe less interesting. Lev Fin seems like bad hours, but interesting. Project finance in the middle?

1 Comments
 
Most Helpful

Commodi earum adipisci itaque est quos laborum. Esse accusamus dolorem aut rem reprehenderit. Ut magni quam quo laboriosam suscipit. Ea laudantium sequi temporibus ipsum tempora amet maxime. Laborum reprehenderit ut quaerat quo incidunt esse consequuntur. Eaque ipsam omnis et modi sunt saepe modi.

Quo et praesentium nihil cupiditate optio sunt porro eligendi. Alias rem repudiandae ipsam voluptatem. Consectetur et similique est quos.

Consectetur pariatur est amet. Nihil facilis rerum ea animi vel nihil. Quod quo et corporis modi exercitationem suscipit cum. Distinctio qui quia alias eveniet aut nulla. Facilis possimus tempore maxime id ipsam repellendus. Repudiandae dolorem qui sint qui quia dignissimos et.

Thank you for your interest in the 2020 Investment Banking Full-time Analyst Programme (London) at JPMorgan Chase. After a thorough review of your application, we regret to inform you that we are unable to move forward with your candidacy at this time.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”