Breaking Into IB from DCM?
Hi friends, relatively new (as you can see) chimp here, since I have been unsuccessful in applying for IB in BBs, I have been going for interviews with boutiques to secure IB (M&A) SA 2019. Recently I have been in contact for a DCM (Bonds) role at an IBB (in-between banks eg. WellsFargo/Societe Generale) for Spring 2019. Assuming it is too competitive for me to even secure an IB SA with BB's/IBB, I'm wondering if DCM would be just as solid experience in my CV to prepare me for lateral mobility to BB/IBB M&A.
Edit 1. Background: target, not so fantastic GPA Edit 2. Borderline 2:1 Edit 3. Received Boutique M&A SA interviews, IBB DCM Spring interviews, BB S&T SA interview
Most banks consider DCM IB.
Be specific... what exactly is a "not so fantastic" GPA?
Dont try to be cool and say things like "beef me up for a seat at the table with you crazy kids from IB." Lmao
By not so fantastic I mean borderline 2:1. Expected to get shit on rather early on but didn’t think it would be this soon. Either ways I wouldn’t be deserving of ib internship if I can’t put up with this. You must be really fun to be around at parties huh.
He's a fucking loser pay no attention. For as many specifics as he asks not once has he come forth with his real GPA / experience / what school he goes to. Just an internet troll that thinks he's hot shit because he's the only kid at his no-name school that knows about WSO.
DCM is generally considered IB. I'm assuming you're wondering if a SA stint at a Eurobank will transition well into FT recruiting. Obviously it won't be as impactful as having IB SA experience under your belt but most bank's won't think anything along the lines of "Eww DCM" since DCM is likely grouped under their own IBD.
Why do prospective students on here think M&A is the only product/group in IB? There's ECM, DCM, industry coverage groups private & public. etc.... I get that M&A is hot right now but don't put all of your eggs in one basket. There are other ways in IB to make a good career & live a darn good lifestyle.