I’m in the Leveraged Finance group, so we help corporations issue debts. We work specifically with sub investment grade corporations where the risks are higher – so it’s a pretty profitable area of the bank. Basically we help with leverage buyouts or we help companies raise debts to help fund acquisitions by structuring the debt in the market. It’s a very varied role; I don’t have a routine I go through every day, which I find is a good thing. I might be preparing materials going to rating agencies, preparing materials for when a deal is launched or doing diligence with the senior management of a company. I’ll get calls from the chief financial officer of a company, which is daunting when you’ve only been at the bank a short time but also an exciting position to be in.
I really like the fact I’m in a very deal gripping group. Investment banks make money on fees so the more deals we make, the more profitable we are. Consequently, there is a lot of activity and that is pretty exciting. You’re always active in different processes. There is this really rapid learning curve in terms of developing your modeling and analytical skills and you will inevitably find yourself in a pressure situation where last minute decisions are made and you have to make it run smoothly. It helps if you thrive on pressure.