What this career involves
- What professionals do
- Lend to or advise companies that carry significant debt, and work out solutions when a borrower cannot pay.
- Skills that help
- Credit analysis
- Capital structure and legal priority
- Financial modeling
- Negotiation
- Typical routes in
- Entry usually comes through banking groups focused on leveraged finance or restructuring, credit funds and specialist advisory firms.
Who this fits
Students curious about leveraged finance groups, restructuring advisory and credit funds, who want vocabulary before their first interview.
A learning sequence
- Learn the capital structure order, from senior secured debt down to common equity.
- Listen to two restructuring episodes and write down every term you did not know.
- Read one securitization overview and sketch how loan payments flow to each tranche.
The resources
Wall Street Prep free resource center
Learn modeling standards, accounting, DCF and merger concepts.
Octus credit podcast network
Listen to leveraged loans, CLOs, restructuring and credit issues.
Structured Finance Association SFAcademy
Learn securitization, ABS and transaction structures.
The Deal podcast network
Learn real private equity deals, distressed M&A and restructuring.
MSRB buying and selling municipal bonds
Explore muni underwriting, market pricing and risks.
PitchBook LCD credit coverage explainer
Learn what private credit and leveraged finance datasets contain.
Links go to the original publisher. Check current pricing and access on each site. Nothing here promises an interview, an offer or earnings.