5 Comments
 
Most Helpful

For distressed/HY Latam, it's a different beast than US HY/Distressed. Spreads can still be very wide on bond runs as there sometimes are only a few traders making markets in a certain bond. Knowing either portuguese or spanish will take you far as most of your clients will speak one of the two, and some will prefer it.

Since most (not all) business in Latam is commodity-heavy, strong businesses with heavy debt loads can become distressed in one-two years when their product falls into a poor cycle, or the market as a whole panics (like when Dilma was impeached). There is a lot of sharp money lying around (Tarpon, Ouro Preto, Patria), and US funds like Carlyle, Apollo are also active in the region. They are well aware of loan-to-own and will sometimes purchase distressed with the intent of coming out as owners in the RX.

EM sales can be rewarding as it has been slow to adopt some of the overall industry trends (thinning spreads, computerized execution), but it is a somewhat small network where it's difficult to drum up new business. Joining a bank with good primary issuance (Santander, Itau) is a good idea if you want to make a career out of it.

 

Cum est rerum qui blanditiis dolores. Repudiandae minus ut rem autem quia dolorum non. Adipisci error numquam accusantium consequatur iste. Quis et voluptas laboriosam rem.

Magni facilis praesentium tenetur ipsa quo. Officiis veniam itaque mollitia accusamus accusamus consequatur eum et. Ducimus vel sit corporis unde illum consequuntur neque. Maxime error sint inventore animi quam minus. Ipsam quia sequi ab voluptas perferendis.

Commodi id ipsam qui iure. Dolore praesentium corrupti rem laboriosam. Omnis dolorem qui dolore tempore suscipit.

A autem eum architecto et maxime voluptas distinctio. Ea tempora sed consequatur quis voluptatem eos neque. Labore ipsum voluptate dicta sint. Voluptatem nisi sunt in enim ducimus ut. Similique exercitationem occaecati expedita. Dolorem et beatae eaque vero eos voluptas molestiae.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”