Debt Capital Markets / Leveraged Finance Banker

Also called: DCM Banker, LevFin Banker

Helps companies and governments borrow huge sums by selling bonds or arranging big loans.

A day in the life

You watch interest rates all morning, call investors to gauge demand for a $2 billion bond and help a private equity firm line up loans to buy a company.

Pay over a career

Starting
$150k
Typical
$210k
High
$450k

BLS groups investment bankers with securities sales agents (median ~$78k), which hides Wall Street pay; figures here are typical total pay (salary plus bonus) at major banks.

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's in finance or economics.

Ways in: 4-year college, Graduate school. Training cost: $15k – $60k.

Majors to look at: Finance, Economics, Mathematics.

Outlook

Growing about average. Bond markets are always open for business.

Will it last? Our AI estimate

Medium risk for 10 years. Bond pricing and investor matching are getting more electronic; structuring big financings and client advice remain human.

Start now, in high school

Classes: AP Macroeconomics, AP Statistics, Accounting, AP Calculus.

Official data: O*NET occupation 41-3031.

More Investment Banking careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.