Hi all.
I'm hopeful to at some point in the not too distant future secure a role focused on distressed turnarounds. Ideally within a SSG/restructuring type mandate in the IB world.
I'm currently at VP level overseeing a corporate financial analysis and consulting team within a major bank. Main role is to develop structured financing proposals. Mostly deleveraging, improving ROIC, accessing liquidity, off balance sheet/working capital financing and consulting to clients with revenues of $500M+. My team performs the analysis with my oversight. and I run with the consulting engagement to CFO/CEO/board level together with other senior bankers. Sometimes im congratulated or praised for bringing different financing perspectives to the table... its an area that i am passionate about, and have published a thesis on. PE folk have suggested a transition, which makes sense given the business improvement nature. But I'd prefer IB.
I have the usual MBA etc, but from an 'average' school. I may be over reliant on actual career achievements and network... but would think at a VP level, this is more important?
Can I realistically expect to come into an IB at a VP level given the background? What was the background of externally hired VP's from a non traditional IB background?
Cheers in advance
Do you execute these transactions that you propose or do you pass them off to another group at the bank? If you're executing the deals then I dont see your job being that much different than the liability management side of restructuring banking. As such, I'm sure - if you're as good as you say - a restructuring-focused bank would give you a shot at the VP level.
If you aren't actually seeing these deals through - as in facilitating negotiations between parties to make your proposed financing structure a reality - then I doubt you can make the jump straight to IB.
thanks Trader Timmy for your perspective.
I'm certainly involved with negotiation aspects such as pricing, debt covenants etc. The strategic stuff. Not so much on the "actual" implementation or trivial documentation. This is handed off to the product area for implementation... with my oversight I suppose.
In your experience do Corporate Bankers come in much at VP level?
cheers again
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