Thoughts on asset-backed lending originations at a bulge bracket? What do you learn, how is pay, lifestyle, exit opps?

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Most people that I've met who worked ABL worked earnestly to get out of it. Lower comp; shorter hours; good technicals depending on the bank; exit ops: usually limited to financing / structuring type roles.

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In ABL, if you don't get exposure to any structuring there is almost no technical work, just endless PPT. I'm moving within the firm and would recommend you stay away

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Much better hours than traditional banking, lower comp but still pretty good. Agree that structuring is the main technical aspect and if you want to join a HF, you'll need to learn it. Other exit ops include possible FI asset management, corporate treasury, and now a days a lot of fin tech that use ABL for financing. Because work life balance is significantly better, groups tend to be top heavy. Wouldn't necessarily recommend for a junior to join but not a bad gig tbh if you want banking but better hours

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Thank you both

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