Career track · Debt Capital Markets

Debt Capital Markets

In credit you underwrite the claim, not the company. You learn how a bond is priced off the curve, where duration stops describing the risk, and what covenants do.

Debt Capital Markets careers are found across firms like

J.P. Morgan
Goldman Sachs
Morgan Stanley
Citi
Bank of America

Company names are shown as industry examples only; no partnership or affiliation is implied.

Priority 01

Core

cannot work the seat without these.

Explore Core

What’s inside

Fixed Income, Credit & Rates

Practise the questions firms actually asked

100 real Debt Capital Markets interview questions from 26 firms, each with a model answer and the mistakes to avoid.

Asked at Truist Securities, PIMCO and 24 more firms

Practise interview questions

Crack the puzzles interviewers love

100 Debt Capital Markets brainteasers, from probability to mental maths. Try each one first, then read the worked solution.

16 traced to firms
13 topics
30 hard ones

Solve the puzzles

Work the cases like a real round

100 Debt Capital Markets case studies: a business, its numbers and a task. Work it on paper, then open the solution one step at a time.

34 traced to firms
12 topics
30 hard ones

Work the cases

Case 005Core

Brahvi Airports handles 12 million passengers, earning Rs 400 each in regulated charges and Rs 250 each from shops and parking, at a 45% EBITDA margin. It needs Rs 3,000 crore of capex. How much debt can it carry at 1.4x cover over 15 years at 9%, and what does a tariff reset do?

1Where does an airport's cash actually come from?
2How much debt does that cash support?
3What does a tariff reset do to that number?

Worked step by step inside

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1 / 44 courses

Core

Fixed Income, Credit & Rates

Practise the questions firms actually asked

Crack the puzzles interviewers love

Work the cases like a real round

Analysing an Issuer's Credit

Duration and What It Does Not Tell You

Bond Pricing and Yield Mechanics

Reading a Term Sheet Structurally

Credit Exposure and How It Is Reduced

Value at Risk and What It Hides

Common Size and Trend Analysis

Reading a Cash Flow Statement

Ratio Analysis That Says Something

Building a Working Capital Schedule

Hedging a Real Exposure

The Greeks, Practically

Futures, the Basis and What Moves It

Reading an Option Payoff

Reading an Annual Report Fast

Spotting Quality of Earnings Red Flags

Short Selling Mechanics

Long Short Mechanics

Fund Waterfalls and Carry

The LBO in Structure

Tax Aware Portfolio Decisions

Building a Client Risk Profile

Goal Based Planning Arithmetic

Precedent Transactions and Why They Differ

Building a Comparable Companies Table

Sizing a Market

Reading a Term Sheet as a Founder

How a Venture Round Actually Works

Backtesting a Strategy

Hypothesis Testing

Cleaning Financial Data

Regression for Finance

Retrieval and Grounding for Finance

Document Extraction in Finance

Comparing Funds Without Being Fooled

How a NAV Is Struck and Which Day You Get

Reading a Fund Factsheet Properly

Rebalancing: When, Why and What It Costs

Strategic and Tactical Asset Allocation

Measuring Risk in a Portfolio

Writing an Investment Thesis

Building a Discounted Cash Flow

Reading a Sector Before a Company

Building a Revenue Forecast From Drivers

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