Please Advise: Groups
Between these three, which would be more beneficial regarding lateraling / transferring in general (From a non- ny regional to a larger/MM firm) considering deal flow was similar throughout.
- Syndication
- Project Finance (Energy/Power/Gas)
- Commercial Lending
- DCM
- ECM
Thanks!
all these groups are absolute crap. commercial lending is not even a group its commercial banking.
3 if you were targeting IBD, 5-6 if you will target capital markets
Thanks Socal.
Considering syndications works together with LevFin, are they still not as considered IB, within a small bank are the skills not really as transferrable as say project finance --> LF?
Thanks in advance.
listen bro, I like getting fucked up the ass by dudes. If you like it also, you should do the commercial lending.
I would go with DCM or ECM. The skills learned there would be transferable to any other ECM or DCM group on the street and you may even be able to transfer to a coverage group if you wanted--I'm not exactly sure what project finance is, but it sounds like DCM with a Energy focus rather than getting the general focus from straight DCM.
syndications is markets oriented so would probably position you better for capital markets than IBD coverage. that being said, ECM/DCM certainly not put you at a disadvantage for ibd coverage. syndication and ecm/dcm are all "investment banking".
project finance is not like dcm; it is more similar to ibd coverage than capital markets.
So I'm assuming that DCM/ Project finance coverage would positions me best for BB transfers/ industry group transfers than the others over syndications?
I know that from this board, DCM is mostly pitchbooks/marketing rather than modeling.
Thanks Again
go for dcm/ecm.
project finance will NOT position you well for BB IBD transfers.
go for dcm/ecm. I know a lot of people who've done transfer through those groups
thanks all
Yes I would say DCM/ECM even though ECM skills are probably hardly transferable outside ECM.
Syndication, well it depends where.
Project finance will not get you into IBD but it's very interesting and rather similar type of work.
Commercial banking is hardly pertinent unless at senior level.
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