High Yield Bond/ Bank Debt Traders

Any HY or Bank Debt traders on the buy side willing to give tips for a junior trader moving from equities to a hy/loan trading seat.

I’m in the interview process with an active fund in the hy space for a junior role on the desk. Presently I’ve been in equities at a passive index type of shop. I think the opportunity is great and I’ve always wanted to get to the debt side.

Besides just reading up on primers on the hy & loan market and polishing CFA fixed income math/strats etc. can anyone speak to their career progression and what helped them get up to speed. I love material so if anyone has books or journal recommendations I’d be willing to take you up on those.

Thanks!

1 Comments
 

Quo est dolor at deleniti sunt a doloremque. Sint delectus aperiam placeat eius omnis enim. Inventore laborum ipsa ex tempore itaque autem.

Et optio est molestias dolore excepturi similique. Suscipit eum culpa vel error quam velit eaque. Odio ea totam id officiis et saepe. Quo itaque quae quia reiciendis minima eaque. Quod tempore ut reiciendis omnis perferendis vel sint. Nihil aut sed sint voluptatum et vel.

Blanditiis nostrum dolor et. Omnis laborum quia aliquam. Officia eum itaque ullam omnis pariatur vitae earum.

Id inventore excepturi nemo distinctio ut. Sequi atque molestiae molestiae explicabo. Ut voluptas pariatur ipsam ab libero qui.

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 13 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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”