LevFin FSG vs Coverage vs Energy vs Infra/Project Finance

Hi All, 

I'm looking for a bit of advice, in particular, the best team for career growth and long-term total comp. I'm currently a Corporate Banking Associate (Structured Finance Portfolio Management background) and having worked very hard to build my rep, the following options are available to me: 


  1. Financial Sponsors Group/LevFin/Venture Debt 

I have an interview for the Financial Sponsors Group within LevFin; in particular, the role is for a sub-group within FSG focussing on Venture Debt. I've been told that there may be the occasional MM deal which I can get my hands dirty. 

Edit: With this role, there is a slim chance I can work my way up to proper LevFin. Although in the current bank I am with, seems that the only difference between FSG and LevFin is that LevFin runs the Non-IG DCM role where they do the work for HY Bonds

  1. Coverage

The Coverage role involves 'owning' and 'developing' the relationship as you'd expect in Corp Banking but is only focussed on Origination i.e. the team doesn't get involved in standard accordion requests, payment queries, or the likes. The Associates also gets involved in a fair amount of modelling and pitching to get M&A/LevFin/Infra mandates. Is this more IB Coverage than Corporate Coverage? 

Edit: I have a good relationship with the Director/Hiring Manager for this role. He's offered me the option of working on Corporate Coverage (TMT/Consumer & Retail/Industrials/Energy) or FI Coverage (Banks/Insurers/Funds). If I go down the Coverage route which option offers the best comp and exit opps?

  1. Energy Structured Finance (similar to Project Finance)

Another possible alternative for me is to lateral into Energy Portfolio Management - already got offered the chance - then prove myself before transitioning into Energy Origination. The Energy Team sound exciting with deals in Energy Storage, Energy Distribution, EV Infrastructure, Alternative Energies (Hygrogen/Biogas) etc...

  1. Project Finance / Infrastructure

Least likely possibility as I have zero contact or rep with the Infra/Project Finance teams. However, I am on good terms with the MD who heads up Coverage for the Power & Utilities clients. He is open to brokering a coffee between me and the MD for the Project Finance team. Deals are standard Offshore Wind, Hydro, and Solar. 


Which option is the best for career growth? (I'm tired of low margin and low growth business in the Corporate Banking world) 

Which option will give the best comp in London (Base/Bonus)?

Disclosure: I'm not in a BB currently. 

Many Thanks

 

Illo asperiores voluptatem quasi sit. Provident ut porro ullam velit. Aut ratione aliquid aut. Aut quis saepe deserunt cupiditate nesciunt.

Similique perferendis ratione dolorem et molestiae enim. Ut expedita voluptatem nesciunt nemo. Doloribus ut et in voluptatum eveniet in impedit maiores. Deserunt occaecati dolores voluptas quasi provident vel.

Consequuntur iusto laudantium repellendus. Quae omnis qui eos quis. Hic placeat explicabo eligendi autem.

Aut cumque hic iure veniam asperiores quia sunt. Quos cum ducimus enim ea vitae fugit aliquid.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Jamoldo's picture
Jamoldo
98.8
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...”