Calling all my friends in DCM - Need advice
Hello all, I just accepted a lateral offer to a DCM at a BB. I come from a credit analyst background, and I got pretty lucky with this offer.
I start in a few weeks, and to be honest, I don't know too much about the bond markets. What should I do to best prepare myself for a DCM analyst role? Anything specific I should cover? I plan on following the bond markets and reading about bonds, but anything else specifically?
Would appreciate any insight from DCM bankers.
bump
https://www.lcdcomps.com/lcd/f/primers.html
These primers are solid to understand the high yield bond market. I would also check out Fabozzi's work, specifically The Handbook of Fixed Income Securities.
I would also start following monetary policy closely, particularly what the Federal Reserve may do in the coming months/year. Also brush up on your PowerPoint and Excel skills.
I have a question for you: How did you lateral from a credit analyst to a BB IB role and what was your interview process like?
DCM at BBs does IG issuances only, HY is done out of LevFin.
See if you can find some old pitch-books on bond deals. I'm sure you can find some old Lehman or Bear Sterns ones laying around somewhere. It'll give you an idea of how a deal goes from initial marketing all the way to launch day.
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