BNP Loan Syndication (within Structured Finance)

Battleship's picture
Rank: Orangutan | banana points 307

Any thoughts on this group? I have found much info on WSO (older threads mostly on WF) and internet in general, but I understand that this group varies from bank to bank. Anyone with more specific information?

What about exit opps? Modelling? Transferable skills?
(this is for a summer analyst role in Europe, probably UK)

I'll have an (informational?) interview with Head of Execution for EMEA. What can I expect and is there anything smart that I could ask in addition?

Many thanks for any insight you can provide!

Comments (9)

Mar 17, 2013

Very good chance that you will work on financing of capital-intensive projects like real estate construction, M&A deals and LBOs (but today I wouldn't really count on LBOs in Europe, especially in short period of summer internship).
So I'd be prepared to know at least basic LBO modelling.

Transferable skills? Yes, modelling, corporate finance basics.

Exit opps? You are young and can go anywhere, really. This will be a plus if you go to IB, PE and any typical route of the average WSO user.

Mar 17, 2013

Friend SA'ed in syndication at BNP in NY. Very limited modeling. Bulk of work consists of taking the models built by LevFin and populating ppts and slide decks. You will be closer to the buy-side (will get to go to investor meetings, etc) but miles away from any real technical LBO work.

Mar 18, 2013
crawl_b4-bawl:

Friend SA'ed in syndication at BNP in NY. Very limited modeling. Bulk of work consists of taking the models built by LevFin and populating ppts and slide decks. You will be closer to the buy-side (will get to go to investor meetings, etc) but miles away from any real technical LBO work.

I can second this. Not sure what the first guy was talking about, but you'll mainly be a powerpoint/ad hoc analyst for a while (if not the entire internship.) Harsh but true, very typical of French firms.

Mar 17, 2013
Zevaka:
crawl_b4-bawl:

Thanks a bunch for your comments guys! I dont have any bananas left but I genuinely appreciate your answers.

A bit more about my background - I will be looking for my final summer internship next year (currently in year 2/4) before the FT. I have done IBD spring internship at a mid-ranked BB, and a Corporate Banking summer internship at another BB bank, so my CV already looks OK.

Would this internship be a big step down, considering that my goal for the summer next year would probably be top-ranked BB/elite boutique IBD internship (where I have decent contacts)?

Would a place like Baird, William Blair, UniCredit, SEB, etc. (all in Germany and within IB Division) be much better option? I will interview with all of them in following few weeks.

Thank you.

Mar 17, 2013

Have you secured an internship here? Let me know and we can PM

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Mar 17, 2013
crawl_b4-bawl:

Have you secured an internship here? Let me know and we can PM

Thank you for this.
I have a BNP interview in couple of days, so I will let you know after that.

Apr 12, 2014

Anyone have insight about the interview process for full time analyst positions here?

Do the full time analysts only do powerpoint and not get much of the modeling work? Or is it just the interns?

Mar 17, 2013

bump

Jul 23, 2014
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