BB Group Placement Is A Fucking Joke
Worked my ass of to get the offer and get placed into DCM. Anyone know firms who are opening FT?
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DCM is not part of IBD at banks i know, how is that even possible?
It it at some banks such as JPM, UBS, Barclays, CS etc
wow, i would feel scammed in that case. Try to change your group by reaching out to HR
To my knowledge CS recruits CMs separately
"Bloom where you're planted"- Coach Dabo Swinney
try to chitchat with your networking contacts/buddies/other SAs in the groups you like during this summer
but what do you think happened during group placement that made it turn out this way?
Pour one out for those that go through WF placement lmao
Sorry it happened to you. Similar thing happened to me except with ECM. Just go in with an open mind, maybe you’ll really enjoy it or, try to switch groups for full time. Network throughout the summer with other groups. If recruiting elsewhere for FT, say you enjoyed working with your coverage counterparts in xyz group and would rather focus on a specific sector than a specific product.
Fwiw I ended up enjoying my summer and went to ecm full time after ranking it 1st. Have a much better life than my coverage peers
Could be a blessing in disguise. Only makes sense to do coverage if you want to dip for PE or corp dev (and take a massive paycut). DCM is perfect if you want to be a long term banker, bc coverage hours will destroy you. No matter what you think, you still don't truly know what you want to do after IB so go into it with an open mind.Worst case scenario though you should be able to move into coverage for FT
This is good take. Would go in with open mind. Can always lateral later if you want.
DCM/ECM is boring as hell though
Can be boring but many weeks I work 8:30-8:00 mon-thurs and Friday 8:30-6 with 2-3 hours of weekend work. Depends on what you value.
Did you network at all during the group placement process?
Yep - but accidentally picked up the call from the head of the team from DCM FIG who pushed me without my acknowledge
Oh man I’m sorry. One of the lower tier groups at the firm I’m incoming at tried to schedule a call with me but I just didn’t respond to the email. Wish they wouldn’t do this stuff
My man. I don’t think this was your reason for getting the group. You probably weren’t gonna land the other groups you wanted.
ya this is why previous SAs told me to ignore emails from shitty groups hahah, lesson learned for next time
What bank?
I feel you on this one. Got placed into DCM last summer as well but moved internally to levfin for FT.
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