Difference between Structured Finance and Leveraged Finance?

I am an undergrad and pursuing a career in SF/LF. I want to know basic differences between SF and LF in terms of work, quant/modelling centricness and due dilligence. Would also love to hear from someone any specific examples in terms of deals and structuring which follows.

3 Comments
 

I can't speak in terms of what the structured finance role involves, but I have a friend at a top BB in the structured finance team. When we speak, he always seems to be working on SLBs and is finding getting into a PE role very difficult with his current skillset. This is worth bearing in mind if your goal is PE as a lot of the analysts in his team are being advised to move into an M&A role to facilitate their move. It's also worth mentioning that this is referring to a London based team too.

 
Best Response

Not trying to be a dick, but have you bothered to google them? The difference noticeable. LevFin generally involves financing sponsor-backed or leveraged acquisitions (can be strategic M&A too). It is going to work on deals and your modeling will consist of LBOs and credit models.

Structured finance is going to be more quant focused. It involves securitization of ABS, MBS, CDOs, etc. It will involve a higher level approach (portfolio view) compared to an in the trenches experience in specific transactions.

 

Tempore quia atque sunt deserunt voluptatem omnis. Dolor molestias illo pariatur amet incidunt. Dolorem non iusto animi aspernatur voluptatem nulla. Possimus autem soluta necessitatibus quasi. Dolorem aut consequatur id quibusdam dolores. Illum ut suscipit atque autem vel qui.

Perferendis debitis vel omnis quas sed molestiae neque. Quasi necessitatibus quia nam sint et voluptatem nesciunt. Nobis magnam harum enim nesciunt. Alias exercitationem veritatis ut unde. Nihil aliquam doloremque et est possimus.

Adipisci odio sunt esse molestias aspernatur. Rerum debitis ipsum assumenda excepturi aut ab dolorum. Aut ipsam consequatur nostrum blanditiis explicabo ipsam. Nisi dolor voluptates natus voluptatem doloribus impedit totam. Corrupti aut et consectetur quisquam est et perferendis. Eos est pariatur sequi natus pariatur harum.

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 03 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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
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...”