如果将来打算做LBO或者MBO，进投行选择debt house?

Financial Sponsors group see the entire transaction of PE shops.  It is the best group to be with.  M&A and SLF (Syndicated Leverage Finance) are product focused, but are also groups to cut your teeth on.  However, I doubt any of the 3 groups are hiring much, most are down-sizing.

IMHO, debt houses like Drexel Burnham Lambert do not have any advantage anymore.  Universal banks and some top-tier i-banks are (were) running the debt scene.  Being with one of them do not mean that you get to do debt financing as the offer the full spectrum if i-banking.  Of course you can join some of the mezz or other bond shops, but they are really smaller fish in the pond now.

Anyway, these are just my opinions.  Good luck.

楼主说的是在美国做还是中国做？

中国目前，由于制度的缺位和市场的不完善，严格意义上的MBO/LBO是无法进行的

至于美国，今年这个行业形势严峻，基本都在裁员或紧缩状态

另外，同意楼上的，做这个未必要去专门的debt house

是啊，而且国内企业上市比例太小，想搞些恶意并购太难。况且大部分是国企，有一部分股份国资委规定不能转让的。一般过程是：董事会批准，股东大会批准，国资委批准，商务部批准，如果是上市公司涉及并购还需要证监会的批准。 政府机构工作起来没时间表， 想并购没个1，2年都下不来， 黄花菜都凉了

另外，国内的银行不可能给并购贷款，除非你是国企