I've posted this before but I'm a couple years in now and have my feet wet a little bit. I was wondering if anyone who's been in ABL for a few years has any insights into the following. PNC's reputation - I'm with PNC currently and internally people speak highly of our ABL group, I'm wondering if this view is shared at other banks. Do people think highly of PNC hires etc? Salary expectations - at PNC the origination and sales role is split up from the RM role (RMs typically manage the portfolio and focus on cross sell from my understanding) right now I'm on the credit side as a jr. Underwriter
21 Dec 2020
Background: ABL at a BB. As the title says, what type of 'Transaction Experience' should I list on my resume to best spin/highlight my experience if I want to lateral into a IB position or a MM credit fund/PE firm, if possible? A majority of my time is spent on the portfolio side (working with existing borrowers) executing extensions to their credit facilities when maturity is coming up (are these worth mentioning at all?), simple revolver/term loan upsizes (either for growth/capex expansion reasons, small bolt-on acquisitions (like a few $MM) and sometimes larger 'transformational' deals. I
25 Apr 2018
Is Structured Finance in Europe considered as CB or IB? From my understanding SF is mainly related to lending and advisory services and it differs from DCM because it deals with more complex instruments than plain vanilla. As a recent graduate, do you think it would be possible to transfer (internally or externally) to M&A after 6/12 months? If I am interested in M&A would you recommend starting with SF at a big bank (BNP, Deutsche, UniCredit, Santander etc.) or to find a job in a small IB boutique?
03 Mar 2021
Anyone here who does Asset Based Lending? Is this a good field to get into now? Do any HF and PE shops look for people with this skillset. How does ABL at a bank stack up to LevFin in terms of exit opps and skillset?
29 Apr 2015
Hi All, I'm an ABL Risk Manager . I work in a mid sized bank at a back office so I do not have a sales goal. I feel grateful for the low stress, decent salary (100K + all in) but I feel pigeonholed and can't seem to get a lateral or even downgrade move. My concern has always been the lack of positions in ABL if I had to move or change companies during a downturn due to lay offs. ABL is a niche field and I feel stuck in it. I have tried and tried for FP&A because I assume its a better skillset that is more marketable compared to ABL. I cannot seem to get a senior analyst role in FP&A and have
09 Jul 2019
Currently in Ops at BB and looking like there is a decent possibility of transitioning to Real Estate division in next few months. Also pursuing ABL IB at smaller firm. Any comments/advice on which may be preferable, or which would have superior exit ops and comp?
24 Oct 2018
Hey guys, I was wondering if any of you can shed any light on asset finance and leasing( DB) or any similar group at other banks. It seems like a pretty interesting area to work.
22 Aug 2012
Looking for capital partners to invest along side me in small distressed businesses in Arizona, typically doing between $300K-$2M in sales.
20 Sep 2010
Howdy Yawl, Just another kid looking for some advice on what to do with his life. I'm a recent MSF graduate from a semi-target school currently interning at a small boutique buyout fund focusing on healthcare M&A. I've been tossing resumes out here and there trying to line something up for after the internship ends and was recently reached out to for a position as a capital markets operations analyst position. Normally I'd be happy to pursue the position with full force, however, the role is at a residential home loans agency and I'm not exactly sure whether that it will offer the same kind of
30 Jul 2019
In your opinion which is better (in terms of hours, pay, future posabilities)? Real Estate is a real money maker but I feel the skills in asset based lending (including sponsor lending) are more transferable outside of the hot markets like SF and NYC.
28 Mar 2018
Hi Everyone, I have an interview coming up with GS Lender Finance team (Warehouse Lending). Would appreciate any info about the types of skills needed and acquired at a similar job and where it can lead to in the future. Thank you.
26 Apr 2014
Hi - I read that banks like GS, Wells and JPM have been funding hard money platforms and wanted to know which teams within those banks provide warehouse lines for bridge loans on single family homes. Would this sit on a ABS, RMBS or CMBS structuring desk? Any info helps here, I am underwriting a deal. Found some info that the collateral is financesbke but really need to know who does it. Thank you all in advance! http://www.ajarealtyinvestments.com/blog/2017/1/3…
01 Feb 2017
I'm currently working at a valuation services company for ABL purposes, primarily focusing on inventory valuation. I have had my eye set on IB since my senior year of undergrad, have been at this job just for about a month but figured if I wanted to transition, it's never too early to start building the skills necessary for banking interviews. Currently going through prep packets and technical questions. Any sources, advice, tips or suggestions on what areas to focus on? Specifically, what are the ways that you guys initially learned more in depth about the markets.? Finance and economics
18 Jul 2014