Structured Finance

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Guest

Structured Finance

Post by Guest » Thu Nov 01, 2018 1:38 pm

will be summering at an office of a Vault firm that does only does structure finance (securitization, banking/finance, CMBS/CLOs) work. any idea what this type of work is like? just looking to hear about general thoughts about this practice area and exit options, since I know close to nothing about it. thanks!

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HelloYesThisIsDog
Posts: 1261
Joined: Thu Jan 25, 2018 8:42 pm

Re: Structured Finance

Post by HelloYesThisIsDog » Sat Nov 03, 2018 12:34 pm

Bumping to make sure someone sees this.

SF noob

Re: Structured Finance

Post by SF noob » Sat Nov 03, 2018 1:48 pm

I'm an SF junior at a Vault firm in NYC, though only been doing this for a year. We do a mix of securitization, CLOs, and other miscellaneous financing arrangements that don't fit neatly into the work handled by the firm's other finance desks (repos, receivables financing, etc.). It wasn't on my radar when I joined but I found the work to be pretty interesting, or at least, more so than others that I've tried, and I have good supervisors so I stuck with it. Haven't been around long enough to see a meaningful sample of exit options.

Sounds like you're in some place like Charlotte?

SF noob

Re: Structured Finance

Post by SF noob » Sun Nov 04, 2018 8:11 pm

Since you're in school still and will likely end up doing this stuff, as far as classes to take I would recommend:
- Secured Transaction (almost everything revolves around collateral or pseudo-collateral of some sort)
- Sec Reg (a lot of structured finance products get offered on the securities market)
- Bankruptcy (because making products/entities bankruptcy-remote is a key concern and drives much of the structure, it gives you some context into why we do this whole song and dance)

Not the end of the world if you miss any of them, though.

Guest

Re: Structured Finance

Post by Guest » Wed Nov 07, 2018 9:50 am

do you think Sec Reg is necessary if I take an actual structured finance class? https://law.duke.edu/academics/course/390/

SF noob

Re: Structured Finance

Post by SF noob » Wed Nov 07, 2018 1:51 pm

Guest wrote:
Wed Nov 07, 2018 9:50 am
do you think Sec Reg is necessary if I take an actual structured finance class? https://law.duke.edu/academics/course/390/
I would still do it, if you can. That said, I didn't take Sec Reg in school but I wish I had.

altoid
Posts: 472
Joined: Sun Feb 04, 2018 9:16 pm

Re: Structured Finance

Post by altoid » Wed Nov 14, 2018 1:29 am

I would not recommend. Some of this work has gotten conmoditized and it is all about volume to make up for low fees.

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