Can anyone share their experience with Truist’s lev fin group? It’s my understanding that it’s one of their better groups, so I assume it gets sweaty at times, but would love to hear what the culture and average week looks like.
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Based on the most helpful WSO content, Truist's Leveraged Finance (LevFin) group is considered one of their stronger groups. However, the culture and work environment have mixed reviews. Here are some key insights:
Hours and Workload: As one of the better-performing groups, LevFin tends to have a heavier workload, which can lead to long and demanding hours. This is typical for high-performing groups within investment banking, especially in product-focused teams like LevFin.
Culture: The culture at Truist has reportedly improved since the merger, but there are still inefficiencies and challenges. For example, there have been instances of layoffs within LevFin, and some analysts were offered positions in other groups due to understaffing. This reflects some organizational instability.
Compensation and Perks: There have been complaints about underpaid bonuses and limited perks, such as restrictions on comped dinners (though this might have changed recently). These factors could impact morale and overall satisfaction.
Career Prospects: While LevFin is a strong group, the exit opportunities and deal experience may not be as robust compared to top-tier investment banks. However, it could still be a good place for those aiming to build a career within the bank.
In summary, while Truist's LevFin group is one of the better options within the bank, it comes with its share of challenges, including long hours, organizational inefficiencies, and mixed cultural aspects.
Sources: Truist / STRH, Truist’s Strengths in IB?, Culture and Best Groups at Truist?
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