Answer to Why ECM?
I know there is a lot of information on the board as to what ECM is, but I'm having a tough time answering why ECM group over DCM, coverage groups, other product groups, etc. To be honest, it wasn't my first choice, but beggars can't be choosers.
As far as I understand, in the ECM group you are basically advising on how equity can be used to fund a transaction as well as doing IPO work if the ECM group is within the IBD division. So far the best answer I have is that: I enjoy following the public markets, looking at how companies use equity financing, and I it gives me a broader insight into the market as a whole rather than narrow perspectives on certain industries or model types.
Any help appreciated!