Head of DB Financial sponsor and Head of LevFin both jsut went to BAML. DB culture sucks big time.
Barcap and RBS are pretty good at LevFin, but shitty outside that in Europe.
Anybody any opinion? DB indeed has loads of departures to BAML, to Citi etc. I guess that happens if you don't pay your people well enough.
Anybody any view on Europe London IBD Leveraged Finance best platform for loads of deals, complex modelling (not pricing) and client exposure and very good people to learn from?
What is the ranking of JPM/ML/Citi/BAML/DB/UBS/CS for leveraged finance (both high yield bonds and leveraged loans for refinancing of old LBO, new LBO)
Anybody any opinion? DB indeed has loads of departures to BAML, to Citi etc. I guess that happens if you don't pay your people well enough.
Anybody any view on Europe London IBDLeveraged Finance best platform for loads of deals, complex modelling (not pricing) and client exposure and very good people to learn from?
What is the ranking of JPM/ML/Citi/BAML/DB/UBS/CS for leveraged finance (both high yield bonds and leveraged loans for refinancing of old LBO, new LBO)
You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
JPM and Deutsche have the top LevFin groups in London. I am also curious to know which ones are next, in terms of modeling complexity and deal exposure. I guess - BofAML and CS (but in CSLevFin and Sponsors are quite interlinked).
According to Thomson One Banker (completed, year-to-date):
The numbers paint one picture, but you can't use just that to determine what the best analyst experience will be.
I think DB's a good shop, but JPM and BAML analysts do not run models to the extent kids do in other groups (either at their bank or at another). They'll be run much more like a cap. markets desk. You can say you had $30b of deal experience in your first six weeks, but what's the point if it's all refinancings?
DB is solid. CS Sponsors is solid. GS coverage groups are solid (you'll still get some HY debt experience), MS is good too, but maybe more so for Sponsors. UBS is p. solid in Europe (Sponsors and LevFin are basically the same there at the junior level), I believe, but I don't know exactly how big the London office is.
I'd be pretty wary again of expectations at the firms like JP, BAML, CSLevFin, GSLevFin, CitiLevFin, MSLevFin and BarCap LevFin. A lot of these firms explicitly state that the role is more of a capital markets function (fine if that's what you want to get into, but not necessarily a place to be if you want to gain significant modeling exposure).
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DB
Yeah DB, BarCap, JPM, BOA
What about CS?
JPM, DB & BOA
JP, BAML, CS.
Head of DB Financial sponsor and Head of LevFin both jsut went to BAML. DB culture sucks big time. Barcap and RBS are pretty good at LevFin, but shitty outside that in Europe.
RBS are shitty everywhere, even in Europe.
Are citi any good?
How about Europe?
Hi
Now we are almost 9 months later..
Anybody any opinion? DB indeed has loads of departures to BAML, to Citi etc. I guess that happens if you don't pay your people well enough.
Anybody any view on Europe London IBD Leveraged Finance best platform for loads of deals, complex modelling (not pricing) and client exposure and very good people to learn from?
What is the ranking of JPM/ML/Citi/BAML/DB/UBS/CS for leveraged finance (both high yield bonds and leveraged loans for refinancing of old LBO, new LBO)
Thanks Pivot
DB pay best on the street in London.
JPM and Deutsche have the top LevFin groups in London. I am also curious to know which ones are next, in terms of modeling complexity and deal exposure. I guess - BofAML and CS (but in CS LevFin and Sponsors are quite interlinked).
According to Thomson One Banker (completed, year-to-date):
EU Lev Loans: 1. DB, USD 6,943MM 2. JPM, USD 5,888MM 3. BNP, USD 4,356MM 4. UniCredit 5. SocGen
EU Highly Lev Loans: 1. JPM, USD 4,642MM 2. DB, USD 3,946ММ 3. UniCredit, USD 2,305MM 4. BNP 5. GS 6. CS 7. BarCap
Global High Yield bonds: 1. JPM, USD 25,837MM 2. BofAML, USD 23,558MM 3. DB, USD 23,490MM 4. CS 5. GS 6. Citi 7. MS 8. BarCap
The numbers paint one picture, but you can't use just that to determine what the best analyst experience will be.
I think DB's a good shop, but JPM and BAML analysts do not run models to the extent kids do in other groups (either at their bank or at another). They'll be run much more like a cap. markets desk. You can say you had $30b of deal experience in your first six weeks, but what's the point if it's all refinancings?
DB is solid. CS Sponsors is solid. GS coverage groups are solid (you'll still get some HY debt experience), MS is good too, but maybe more so for Sponsors. UBS is p. solid in Europe (Sponsors and LevFin are basically the same there at the junior level), I believe, but I don't know exactly how big the London office is.
I'd be pretty wary again of expectations at the firms like JP, BAML, CS LevFin, GS LevFin, Citi LevFin, MS LevFin and BarCap LevFin. A lot of these firms explicitly state that the role is more of a capital markets function (fine if that's what you want to get into, but not necessarily a place to be if you want to gain significant modeling exposure).
Aut earum consequuntur tempora beatae dolorem iure deleniti. Accusantium magnam harum perferendis consectetur. Accusamus repellat omnis et hic.
Accusantium non sed aut fuga omnis distinctio. Quasi quisquam autem vero placeat maxime laborum. Iusto est occaecati reiciendis vel. Est totam aut magnam recusandae ab autem. Aspernatur et eum dolorem eveniet et ipsum.
Enim repellat eaque nesciunt illum accusamus quasi quos sapiente. Sed quo aperiam doloremque vero. Accusantium ut quia delectus et facilis. Ea quasi nisi et et.
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