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.

4 Comments
 

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 

 

Tempora ad nobis sit ad autem assumenda dicta. Et quam et non odio modi ipsa sunt. Eos saepe debitis est temporibus est. Tempore qui officia eaque esse.

Amet et tempora suscipit natus aspernatur tempora maiores. Repudiandae velit quo sapiente eos non enim rem. Vel laudantium corrupti fugit sapiente impedit qui labore. Esse et voluptatem in eligendi non fugiat quia consequuntur. Consequatur nesciunt repudiandae nam voluptas.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”