I’m interning at a MM bank this summer for their LevFin group. From what I’ve heard, they’re a pretty strong debt shop with less M&A activity, so LevFin is the strongest group. But also I’ve been reading a lot about how LevFin exit opps are limited compared to M&A and coverage. My question is if a small number of M&A reps are better than a greater number of LevFin reps for PE. Also very interested in VC and growth equity. Thanks!
| +1,942 | Bank of America - Juniors Strike to start Monday May 6th | 210 | 2m | |
| +656 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 72 | 1h | |
| +437 | This is a dark day for Wall Street. | 29 | 1s | |
| +156 | Big Layoff at Barclays - 5/1/24 | 86 | 8h | |
| +119 | “Americans just work harder” | 54 | 20h | |
| +96 | Analyst at Bofa FIG-Thoughts | 8 | 2h | |
| +92 | Shame on you, BofA. But also, the industry needs to change. | 13 | 57s | |
| +72 | Sleeping on Jefferies??? | 35 | 20h | |
| +72 | BofA List | 9 | 18m | |
| +60 | What's up with RBC nowadays? | 28 | 18h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If anything levfin gives you greater optionality for exit opps as you become a prime candidate for private credit but this is extremely bank dependent based on what the levfin team is responsible for. Will be more difficult to exit to PE if your group doesn’t model. Otherwise will be just as good for PE/exits as any other group, but you just said you don’t care about that so not sure what you’re asking here.
That makes sense, thanks! Guess I was asking about VC and growth equity as exit opps, so I'll edit my post for clarification
Banking isn’t the best route to VC (operating a startup is) regardless of group although tech will almost always take the cake unless it’s a healthcare focused fund. In terms of GE, there probably would be less opportunity but not necessarily. I know someone who got a 1.5b+ VC fund seat after a Levfin analyst stint at a low BB.
Dolores blanditiis aut dolorum expedita totam rerum. Minima in molestiae natus. Eaque eum amet sequi vitae aut.
Et voluptas id voluptatem esse. Alias nulla quaerat non sapiente provident voluptatem earum. Ut voluptates molestiae esse distinctio ut eum. Ipsum necessitatibus sed maxime distinctio. Et in voluptatem laudantium et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...