DCM sucks, how can I get out
As title suggests. Working at one of the prominent DCM banks (JPM/BofA/Citi) in Singapore / Hong Kong. Hours are so sweaty (90-100hrs a week)
Any tips/advice on getting out of this bs? Am interested to move to other desks like S&T if possible or Corporate Banking even
I know a few PM’s at my shop (MM LO AM) who came from DCM. Could come in as a credit analyst although you’d lack fundemental experience.
Also could easily become a product specialist and specialise in selling that firms credit funds (HY/IG or whatever).
WLB is generally quite good in these roles too and you have a perfect background for it.
Are you based in APAC? I feel like the market is a lot smaller in the region I work in so exit opportunities are quite limited
Sorry I’m based in London so probably different. Maybe you can come London/ Europe as an EM Debt analyst?
would u rather be in dcm or credit s&t and why?
currently contemplating these 2 paths..
Move to FIG M&A
How is a DCM background helpful in moving to FIG M&A?
Common move, you are dealing with same clients
Might be near impossible in Singapore
As far as I know only 1 MM firm has a dedicated team with FIG M&A juniors
What technical skills do you have aside from pricings?
Nothing lol, it’s not a very technical role with no modelling involved
I assume you have a sector or two you cover - very common to move internally to one of these groups, whether IB or CB. Start networking.
You can also make the case to move externally to these sectors. Would need to self-learn some modeling, but you likely have strong industry knowledge already.
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