J.P. Morgan LevFin
What are people's thoughts on J.P. Morgan's Syndicated & Leveraged Finance group? What are the exit opps like for PE?
Trending Content
| +162 | How to stop feeling like shit for not making it in IB? | 60 | 2s | |
| +120 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 3h | |
| +85 | Updated LA Banking Scene (2024) | 61 | 17m | |
| +39 | Ranking banks that went under | 24 | 12s | |
| +38 | Burnt Out M&A ASO | 20 | 16m | |
| +35 | Relevance of A-Levels for U.K. London recruiting | 24 | 4h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 1d | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Top group, arguably best LevFin group on the street.
What about exit opps to PE? Just as good or better than m&A or industry coverage?
An MD at another BB once told me that JPM did have an amazing lev fin group, but that they had twice as many people in the group as the #2 or #3 banks on the lev fin league tables
Implying that they have huge deal flow compared to other Lev Fin groups right?
Not twice as much.
I would agree that twice sounds a little stretchy, but I'm completely positive that they generate more revenue per person within the lev fin group relative to JPMorgan
Not necessarily huge deal flow, but I'm sure this means that each analyst works on a bigger size of the deal credit; ie, they may have 8 people covering a lev fin deal at JP while there are only 5 at DB for the same deal
Which means a better experience on the analyst level, probably
The more work you're doing and the less you're sleeping, the better experience you're getting
It's hard to compare, and depends a ton on you as an individual but generally better than most industry coverage teams. Similar exit opps to PE as M&A. Thing is, there's a bunch of "good" M&A shops on the street. But there's only two top LevFin groups if you look at deal volume, JPM & BAML. LevFin/M&A are the two most analytical groups which is why they're good for PE>
^^^ PE exit opps similar to M&A???? What...are...you...smoking. SLF is not a top 2 analytical group at JPM (or any other bank, I'd imagine). SLF gets no exposure to merger modeling or LBO modeling. At least at JPM, coverage builds the model and SLF just provides the financing terms and max leverage. There is nothing very analytical about this group - they look at debt comps and talk to potential accounts to come up with illustrative pricing and then execute financing transactions - nothing analytical about it. You might have exit opps in credit and mezz funds, but definitely not PE - and most people I know end up staying there for a 3rd year and getting directly promoted. If PE is what you want, then do a coverage or an M&A group, no question.
LevFin is the best at JPM and BAML as said above. Banks with large balance sheets with have great LevFin groups, such as jpm/baml/citi/wf.
Does anyone have a general idea about BAML or JPM Lev Fin hours?
100+, does it really matter past that point?
I'm interested in hearing more about this group. It seems as if no one has a real answer about whether the group does any modeling or places well in PE. What about placement in credit HFs? What are ya'll thoughts on this?
Bump
bump
Could anyone else give input on how exit ops from LevFin compare with M&A (assuming coming from JPM)?
Whats better? M&A at Citi or M&A at BAML?
Anyone have experience with the LevFin team at JPM or possibly interviewed with them? (Originally Posted: 02/20/2014)
I would greatly appreciate any input anyone might have on them. Feel free to PM with any info you might have.
enti - PM me.
JPM LevFin (Originally Posted: 02/04/2010)
Can someone who has experience or any insight, tell me what the culture is like in the JPM leveraged finance group...is it a sweatshop that works you harder than the other groups? Thanks guys.
haha..oh man. when times are bad, they'll lay off more than 50% of the analysts just as they begin their second year
So are the people in that group cool to work with? Are they on the spectrum towards a sweatshop when compared to other coverage and product groups?
Supposedly JPM has the top LevFin team, definitely good place to be i say. When the economy goes to crap, no one is safe.
So it is one of the top on the street, does that infer it's a sweatshop compared to the other groups?
Top groups are generally sweatshops, but occasionally there are ones that are known to be more relaxed, for example GS Healthcare.
Nam et sed voluptatem sapiente dolorem ut. Molestiae qui est placeat corrupti. Vel earum velit quam velit. Velit aliquam libero ut quia perferendis. Quis est eaque eveniet non rerum et. Sequi consequatur recusandae cum molestiae quam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Non delectus laboriosam blanditiis inventore reiciendis. Et assumenda reprehenderit saepe sit labore et. Dolor nam asperiores similique dignissimos. Suscipit pariatur omnis optio temporibus autem consequatur et.
Laboriosam eum et aliquid officiis distinctio. Praesentium inventore optio aut deleniti excepturi hic aliquam. Vel numquam cupiditate sit nobis. Impedit neque est recusandae non non et. Sed deserunt voluptatibus vel qui tempora voluptatum unde non. Magni provident eos explicabo ut optio natus aut. Rem amet iure dolor eveniet.
Eum omnis repellendus exercitationem eligendi omnis. Aut doloremque et quae ratione a. Suscipit sed corrupti quidem ea omnis nam. Ex sint magnam optio cumque dolorum.