ECM

How different are the exit ops for someone who has done ibanking in the DCM vs. ECM?

You're still building models and sizings but solely for debt issuances, securitzations, refundings, etc. as opposed to the obvious IPO, LBO, M&A yada yada. The other skill sets I think pretty similar (pitch books generation, presentation delivery, etc.) though the structure of the deal flow is naturally different.

ECM is definitely the sexier of the two but I assume both are considered high finance?

How is working in the DCM perceived? Is it a step down and will it hurt exit ops?