Can someone help me understand what a leveraged finance group does at a bank with no balance sheet to lend from (such as WB)? I'm assuming this is debt advisory type work. What would a deal look like for a levfin group at a non-lending bank? How do hours / comp compare to the industry groups?
| +267 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 2d |
| +219 | UBS 2nd Year Analyst Q&A (2026) | 41 | 1d |
| +100 | What's your craziest "hardo" story? | 17 | 1h |
| +72 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 10 | 2h |
| +53 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 19 | 13h |
| +50 | Suspended for a Year | 21 | 18h |
| +49 | Elite Boutique interview questions | 17 | 2d |
| +34 | so confused about 28 SA timeline | 30 | 9h |
| +34 | Lincoln International Return Offers | 7 | 32m |
| +33 | Rate my non-target resume | 19 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump. Curious as well
Interested as well
Don't know specifically about WB's group, but you are correct in that it is debt advisory, which is becoming increasingly utilized as part of MM and even some LMM transactions. You'd work on:
1) Potential transactions: finding/securing debt primarily for sponsors trying to acquire a business (can be tough because if your sponsor doesn't win the deal, you did a bunch of work for nothing)
2) Recaps of existing portfolio companies: either to provide shareholders with cash returns (distributions, dividends, etc.), provide more flexible financing for growth or acquisitions or potentially to supplement restructuring or special sits in distressed
Hours tend to be better overall from what I've seen, but can spike because there tends to be more compressed timing for some transactions (particularly the potential bucket where sponsors engage you to get a term sheet or financing arrangement so they are able to deliver a fully-baked LOI)
Majority of the deals are with BDCs and non-bank funds (Golub, AB, Ares, etc.).
Bump if anyone has any other info
It’s just like jefferies levfin, you advise, structure and work on smaller lev fin transactions, but you originate to distribute.
Think of all that goes into a lev fin role besides actually committing the capital.
Jefferies has access to not only MassMutual’s balance sheet but recently signed a deal with SMBC that’ll give it even more capital market capabilities. Also, Jefferies is a top group when it comes to LevFin and honestly WB isn’t anywhere close when it comes to LevFin.
Tenetur placeat nemo eum rerum reiciendis. Distinctio dolores est corrupti cum ducimus velit praesentium odit.
Quo exercitationem nam iste nobis vitae excepturi et. Perspiciatis ea earum rerum et nostrum eligendi. Eos laboriosam placeat corrupti fuga ad eligendi.
Illum numquam dolor itaque odit ad assumenda saepe. Repellendus dolores aliquid provident rerum assumenda officia ratione. Dignissimos praesentium dolor enim dolorem. Eos quidem voluptas nam repudiandae omnis dolore. Rerum exercitationem quia sapiente est. Adipisci ut molestias tenetur sint.
Cupiditate laborum et aspernatur saepe et ratione. Non quibusdam at amet est nisi consequatur consectetur. Aut quo officia ut voluptatem quia doloremque placeat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Vel eos nihil voluptas adipisci. Enim dolorem placeat saepe et. Voluptatem et atque facilis ut velit perferendis. Omnis perferendis placeat eum. Dolorem sed quia quo tempore hic. Cumque facilis nulla vel non neque consectetur. Praesentium earum et facere inventore.
Nulla officiis voluptatem facilis nihil. Ut exercitationem magni exercitationem quia. Ipsam quia quo a labore repudiandae.