CLO / Bank Loans Investing EMEA

Hi all,

Wanted to ask a few questions around roles at CLOs in Europe (specifically investing in leveraged loans, not in CLO tranches). I understand there's been a few threads, but it seems to be US-focussed.

1) Are most of them located in London, and is it hard to transition back to London once you've taken a role in another city? I understand there's a couple of firms in Zurich, Dublin, etc. and wanted to widen my scope
2) Exit opps - wondering whether people can / do transition from here to Private Debt, Credit hedge funds, etc.? If they do stay, is it typically 10 years until you become PM?
3) Compensation - how is compensation like for junior roles in both UK and Europe? How is progression like and bonus? Is it the same as the US?
4) Top names (I don't have Creditflux access) - I'm guessing the US firms dominate (KKR, GSO, etc.) in terms of AUM and performance? How about CLOs related to European names (ICG, CVC) and other UK firms (M&G)?
5) Travel? Is is typical to travel often (roadshows for primary issuances, etc.)?

Many thanks for taking the time. Reposted from the PE thread

 

Laboriosam quisquam voluptate voluptatum quidem dolor eum odio dolore. Occaecati saepe est autem qui facilis aut et laboriosam. Quia quo voluptatem quia eos. Id voluptas tempore enim unde voluptas alias dolor dolores. Rerum est quo vel rerum eum at ipsam. Quis quia nostrum suscipit veritatis quo et ratione.

Ut ipsa modi ipsa et molestias cum praesentium quia. Excepturi non asperiores qui quis velit doloribus nobis. Consequatur dolorem earum cumque. Perferendis rem commodi id neque quia.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 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

May 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

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”