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Career Resources
DCM by far. BoA DCM team would 1 give you a highly respectable name on your resume, but would easily allow you to transfer.
Both are doable (seen quite a few TAS -> IB transfers), but DCM has better pay so it's probably the best bet overall. Also transferring internally from a bank's DCM group to M&A/coverage is probably easier than coming in from outside the bank.
It's funny because you would be doing much more applicable work in FDD/Deal Advisory; however, the "prestige" of being in DCM and the "brand awareness" of working at a big bank does materially more for your resume (quotations used due to the cringe required to type that). Moreover, if you can truly obtain an offer in DCM as well, I would take that over your other offer. .
Also, just to clarify, DCM is definitely still IB. It may not sit in the IBD at all banks for one reason or another, but you'll definitely be working IB hours, especially at BofA. Don't fall into the trap of M&A/LevFin = IB
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