Thoughts on Citi LevFin

Based on the most helpful WSO content, Citi's Leveraged Finance (LevFin) team in London is generally well-regarded. However, the nature of the work in LevFin can vary significantly depending on the bank and region. At Citi, the LevFin team is known to have a strong focus on capital markets and execution, which means they are heavily involved in structuring and syndicating debt for leveraged buyouts (LBOs) and other transactions.

While some modeling is involved, it may not be as granular or hands-on as in other groups like M&A. The emphasis tends to be more on understanding credit, documentation, and structuring rather than running detailed financial models daily. That said, you will likely gain exposure to LBO and cash flow modeling, even if you're not the one building the models from scratch.

For those aiming to develop robust modeling skills, supplementing your experience with self-study or training (e.g., LBO modeling courses) could be beneficial. If you're looking for a role that combines both modeling and execution, you might want to explore other groups or ensure you clarify the specific responsibilities during interviews.

Sources: Seeking advice on Corporate Banking modeling, Leveraged Finance – 2017 Update, LevFin in London, Leveraged Finance – 2017 Update, MS ER vs Citi Markets SA - London