ECM vs DCM comp & hours

Anyone have any insight? What does the comp look like at the associate and VP level and how big does the difference get after becoming senior? Also is it hard to lateral in to these positions from a FI Strategy/Research role?

 

In Canada, comp is the same for each group for all junior bankers, so all associates regardless of their group get the same. As for all seniors, so VPs and up, that is where ECM and DCM counterparts start earning a bit less in bonus than their coverage peers, since coverage is in charge of the relationship over ECM and DCM, thus they have more liability if the deal falls through, but get more credit for closing. I'd assume the same applies to the US, but can only confirm how that is for Canada

 
Best Response

I work in Hong Kong so a bit of difference in market structure. My first year VP in DCM pulled close to 500k last year on the back of a hot market. But guess what, he still lives in a 350 sqf shit hole and eats cheap shit everyday at the desk. Reality is that amount of money can’t even buy a car park these days in Hong Kong.

BUT - DCM/ECM has absolutely no exit if that’s a path you want to take vs. staying in banking till MD. Both are very execution driven ie you learn nothing about technicals. Those who excel are ones who know how to bring in deals and play games vis a vis other banks and clients.

 

You don't get offers without knowing what you want DBCooper. That's why I'm asking how to know and inform yourself on which area to focus in on. Who in their right mind is going to give a general offer and say go on there son, make your mind up now... it's yours

mrb87 what's up?

 
mrb87:

I'm saying you have a solid blue "ST" circle which means VP/MD/Partner -- are you actually one? Because I can't think a VP/MD/Partner in S&T would be so clueless about capital markets.

If you aren't, you should change your profile so your uninformed advice to others isn't mistaken for experienced truth.

it says ST-intern....but maybe he just changed it
 

When setting up my profile it asked me to input an industry, ST as stated in my above post, is an area I'm interested in. I've just graduated and I have no direct work experience(also stated above) and I'm only looking for a bit of guidance/advice. Hence why I'm so "clueless" regarding Capital markets.

Thanks for the concern, I apologize for any offense my blue circle caused you....

 

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