BAML levfin placement

Hi all. what are your thoughts on PE placement for BAML LevFin? Heard they had a few superstars go to some solid places (ares, symphony, etc), but more middle of road folks went to mediocre funds. What is the latest on placement?


Comments (24)

Best Response
Nov 7, 2017 - 2:21pm

Very strong group. I would never expect all analysts of a group to have solid placements, or even all of them exiting into PE. It's a very large group, and analysts go all over the place. They have a strong showing at credit oriented exits.
Both M&A and Sponsors are stronger groups, at BAML, for traditional PE exits.

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Nov 8, 2017 - 2:26pm

BofAML Lev Fin (Originally Posted: 02/11/2012)

I just wanted to get your opinion on the Leveraged Finance group within BofAML. What is the interplay like between this team and the Financial Sponsors team and what kind of a modeling skillset should you be able to pick up in this group? Also, what are the B-School and PE exit opps like out of this group? Finally, how are they typically regarded on the street compared to other Lev Fin groups? Thanks!

Nov 8, 2017 - 2:32pm

Friend was in Lev Fin at BAML this summer and transferred to Sponsors for FT. He said that was because Sponsors was pretty selective and has amazing PE placement.

Nov 8, 2017 - 2:33pm

Ok, thanks guys! So does anyone know the difference b/w Lev Fin and Fin Sponsors at BAML and which one provides the better exit opps/B-School placement down the line? Also, would these generally be considered 2 of the top groups there?

Nov 8, 2017 - 2:35pm

One friend is currently working at BAML Levfin:
1. One of the best levfin teams on the street in terms of dealflow
2. A lot of work and hour is very bad
3. 3rd year analyst offer rate is a disaster this year (said it was lower than 20%, I was like, WOW)
4. PE placement is mediocore, at least for this year

Don't know anyone from the Sponsor team so cannot comment on the diff...

Nov 8, 2017 - 2:37pm

Still interested... anyone know how this group stacks up to others on the street when it comes to Mega Fund recruiting (ie GS TMT/FIG, MS M&A, BX M&A, JPM Lev. Fin.) as these seem to be some of the top groups on the street from talking with others.

Nov 8, 2017 - 2:41pm

Ok, so I've talked to a couple of people that know Lev Fin well, and this is what I've gathered:

BAML Lev Fin and JPM Lev Fin are CLEARLY the top 2 on the street (about 50% of the market share). DB is a distant 3rd. In particular BAML Lev Fin is definitely one of the top groups out there on the street in terms of placing well into top PE companies, since Lev Fin, M&A, and Fin. Sponsors are typically 3 of the most heavily recruited groups at a Bank. The skillset that you acquire in Lev Fin is looked upon very favorably from a PE standpoint as you acquire immense knowledge about capital structures...something VERY important when it comes to PE firms looking to buyout another company.

So, in regards to your question if you have the opportunity to take Lev Fin there, do it. You'll have a great experience and your exit opps will be some of the best on the street down the road.

Hope this helps.

Nov 8, 2017 - 2:43pm

BofA Merill Lev Fin (Originally Posted: 09/07/2009)

Got an offer through SA program at a relatively well known boutique. Have an accelerated interview with lev fin group at BofA Merrill. Anyone know what their reputation is on the street? I know BofA was well known in Lev Fin because of their balance sheet and their power to lend, and did not have much dealings with sponsor deals. Has that changed with the addition of Merrill?

Also, how do you think their reputation among PE or other exit opportunities would be?

Thanks in advance.

Nov 8, 2017 - 2:44pm

Last I heard, they were killing it. In the past JPM was always #1, with B of A lagging shortly behind, and everyone else was largely inconsequential. Now, however, B of A has taken over as the clear market leader. The one issue I have with the group is that that they are somewhat capital markets oriented (not to the extent of a DCM group though).

I know that much of the ML team moved to Citadel (to start their new banking group) and that in the past placement has been decent from the ML side, but it's hard to say how the new entity will fare. Being that they are a market leader, I think that exit opportunities should be relatively strong.

Nov 8, 2017 - 2:45pm

They were probably the best in Lev Fin right now, but I've heard junior people often don't get great experience...league tables are one thing, but getting great skills is another.

Nov 8, 2017 - 2:46pm

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