What does Leveraged Capital Markets entail?

Hey guys,


Going through group placement right now and I really like markets yet I'm doing IB. As such, I'd like something more markets related. i've heard LCM get to work closely with high yield trading teams and maybe trade their own book? Wondering if this is true and what LCM look like as an analyst.

 

avoid if you are looking for traditional IB experience. "the desk" as these teams are called are great at the senior level - it's an awesome gig. at the junior level the job is 95% administrative such as (i) posting LPs / other materials to the data room, pulling bond quotes on BBG for the levfin bankers, and getting CIMs/ LPs from other banks. avoid avoid avoid 

 

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