Hi all,
Apologies if this is a dumb Q.
Long story short - just had an interview with a satellite office of a BB for a corporate banking type of position. Interviewer mentioned they typically participate in syndicated deals (they aren't the lead - just hop on to deals that other banks bring to them) since it's just a satellite office.
What kind of analysis does a banker do for these deals? Does the fact that you're just hopping on to a deal change the analysis you do? Or does each member of the syndicate conduct their full regular analysis that they ordinarily would if they were leading/arranging the deal?
Thanks!
Bump...anyone in credit I imagine this is an easy question! Would greatly appreciate an answer.
The underwriting analysis would be the exact same as if you were the lead. To note, being in a "satellite" office has nothing to do with the underwriting though,
Same credit underwriting (memo, model, etc.)
Awesome, thank you Click and Bob!
Same credit underwriting; however, you won't be putting together a CIM/lender presentation/managing the client & fielding the questions from the participant banks like the Left Lead would be doing.
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