ECM exit opps
Hi guys,
I got an offer for an analyst position in ECM in London and was wondering what the "exit opps" were a few years down the line (maybe 4 or 5). Anyone have interesting experience to share?
Thanks a lot!
i am interested in this as well; what do cap markets bankers do afterwards?
Can you tell me more about ECM?
if you aren't at a BB with active deal flow- ECM is boring
So how about exit opps from an ECM group with a good execution record?
.
ECM is middle office
hedge fund probably for exit opps, right?
what do ECM 'analysts' even DO? certainly not modeling. they're paper pushers.
faggot guy, piss off this forum and jack off to your vlookups.
lateralguy, I don't think most ECM analysts go on to hedge funds... how about consulting? sales? corp dev?
Thinking about it, I'm not really sure - what discernible skills do ECM guys have? Some move into corp finance and project finance I think.
Is switching out of ECM possible? (Originally Posted: 01/27/2015)
Considering ECM SA offer at lower-tier BB (DB/CS/UBS) and wondering whether it is possible to switch from ECM to a traditional corp. finance coverage group like consumer/TMT within the same firm after the summer is over? ECM people told me during interview they hate how kids kept switching and they started recruiting separately for this specific reason. j/w is this is in general possible?
Would hate to recruit again at the end of the summer for different firms because I come from a semi-target with a low GPA with liberal arts major and just feel i won't get many looks for FT recruiting
Have you any other offers? Nope? Then take ECM, smash it, find a better spot building off your strong performance in ECM and go ahead and piss off some ECM guys. I only know one ECM guy, he hates it.
You may hate recruiting, but if you want a better option you will likely have to shop your bid around to other banks. Man up.
Best ECM group on street and exit opps? (Originally Posted: 07/13/2007)
I am considering getting into ECM and I was wondering what were generally thought of as the stronger and weaker groups on the street? Also, what are the hours, compensation and exit opps relative to IBD?
top 3 are goldman, citi, and morgan stanley...all are excellent groups. note that citi's ECM is positioned is capital markets as opposed to IBD like in most other banks...
hours are around 8am - midnight (less on good days, more on deal days)...comp is similar to IBD, but exit opps are slightly more limited due to less hardcore modeling (usually limited to EPS and convertible modeling)
Well, according to Euromoney magazine, it's JPM
euromoney? is that a US ECM ranking? i know right now citi is fourth in the league tables, but goldman is fifth...its early, the usual suspects will assume the top 3 positions come fiscal yr end
ECM Bankers (Originally Posted: 03/27/2010)
Will be starting in the ECM group of a lower-tier BB this coming summer and I am worried about exit ops. Seems to me that the lack of modeling basically rules out PE and since industry bankers handle the relationships moving to the corporate side would be difficult as well. Not necessarily sure I would like to go either of those routes, but it seems that it'd obviously be better to have those opportunities.
What can an ECM analyst do to broaden the horizon of exit ops as much as possible? Alternatively, how does the lateral hire process work? Is it mostly networking through friends at other banks? Would other BBs be interested in a first year ECM analyst for an industry coverage group position?
I have friends who made this choice a few years ago. Three words for you: 3rd-year-option. Make it count.
It would really depend on the bank too.
What would you classify as lower tier BB? Without naming names, maybe list a couple of firms that are of similar stature to yours and we can tell you about comparable exit ops.
The "rankings" of the BB's has been discussed before. There's some disagreement but I believe the general consensus is something like:
Tier 1: GS, MS, JPM Tier 2: Citi, BAML, Barclays, CS Tier 3: DB, UBS
So the OP probably means one of the banks from tier 2 or 3.
@jtbb Do you mean arranging to move within the bank for my third year or just using all 3 years in ECM to build up transaction experience? Would a lot of transaction experience (maybe a few book-run IPOs) attract PE firms and make up for lack of modeling experience?
@2226416 and Banker88 Yes, not GS, JPM, or MS.....but top 10 US Equities
Appreciate any more thoughts out there, thanks!
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