LevFin Syndicate at BB or LevFin at MM?

If you had to chose between the following FT Analyst positions, which one would be the best in terms of long term career / exit opps?

Any advice is highly appreciated.

 

Thank you! I was thinking that maybe in Syndicate the focus on capital markets is to high in order to lateral to e.g. Origination as they are not dealing with modelling, credit approvals etc.

 
Most Helpful

I would lean towards levfin syndicate at the BB. Keep in mind that as a syndicate analyst, you'll have only slight exposure to actual deals. Most of your work will be managing information and sending out daily, weekly, monthly reports to the LevFin team. You'll help originations analysts find info they need (like if someone wants to see a comparison of every transaction containing a high yield bridge loan and TLB underwrite that occurred in the last year or whatever). You won't be working on models or memos or pitches (usually). Our syndicate team at my BB has like two maybe three analysts and one or two associates. Very, very small. There are probably 6 or 8 MDs. Most of the way the syndicate desk helps is they come in and check over deals to make sure pricing and distribution risk are ok. Just know all of this going in. I would start making noise about your desire to transfer to origination after about 6 months to a year on the job. 

Leveraged Finance originations at a bank such as ING or ABN Amro will have less deal flow than a BB. They will also lead very few transactions. Hope this helps.

 

Dignissimos culpa itaque eum consequatur officiis qui. Et est labore provident eveniet. Eligendi repellat maxime iure sit dicta unde.

Dolorem ducimus dolor hic et. Voluptates corporis aperiam sit voluptas rem. Alias ut exercitationem doloribus excepturi. Corrupti accusantium voluptate ut quidem nam maxime libero. Neque eum eaque et nobis. Blanditiis est numquam dolore alias. Dolor voluptas aut vel repellat non ad.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
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...”