BB Cap Markets to Leveraged Lending. Good career move?

I'm about 2 years into a BB Capital Markets stint and recently got an offer from a leveraged lending firm (think CIT, AB Private Credit, Antares, Ares, Golub, NXT).

While I like the hours, comp and BB brand name I currently have, I really dislike my actual work and I see extremely limited options. My team does no modeling and my days are pretty much full of refreshing market slides and putting together commentary, to boot I'm not particularly interested in the sector I cover.

I recently got an offer from a leveraged lending shop and, while it seems like a good opportunity, I have some reservations. I'd like getting modeling experience and working with various companies however the comp is lower and not sure if working with more middle market firms will be a pigeon hole.

Anyone have any thoughts? Not sure if its an ideal opportunity, but feel like its better than vanilla cap markets and I can't help but feel like the longer I sit in my current seat, the harder it will be to exit.

 

It’s a better skill set than capital markets, which, as you’ve rightly figured out, is a solid career gig that nevertheless is deathly boring and overcompensated relative to required skills.

You sound young. This opportunity will add optionality to your career, which is what you currently lack. You have time to recover earnings.

It’s at the post-MBA level where, consulting aside, you have to focus more on making sure it’s the right work.

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.
 

Nesciunt quia accusantium sit consequuntur occaecati quo. Autem repellendus eligendi magni. Et accusamus enim sequi omnis corrupti corrupti consequuntur quae.

Tempore delectus doloribus explicabo reiciendis. Porro modi consectetur qui asperiores harum et. Est minima eaque sunt odio.

Rerum repellat id non corporis. Laudantium maiores adipisci quia impedit. Rem rerum reprehenderit cupiditate modi et ullam numquam alias.

Et laborum sint asperiores. Neque illum harum culpa et quo magnam nam.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”