Capital Markets Career Prospects
Hey guys, I accepted a 2023 SA offer at a lower-tier( , , ) and will be doing group placement in the capital markets division. I am looking at , , or (not modeling and very cap markets focused, essentially just a high yield/loans desk). I am very grateful for the opportunity, but nonetheless, have been seeing people shit on CM on this forum.
Few things I would like to ask:
1) Am I screwed? As in -- is it true my only exit opp is corp finance/treasury? That doesn't interest me at all. Is it uncommon for people to move internally or lateral to a coverage group or LevFin team if they really don't like CM or want toexits? I couldn't imagine it'd be difficult to try and move onto the LevFin origination desk from the CM counterpart.
2) I originally pursued DCM because I heard it's a very viable long term career. Not that pay is the only factor to consider (let's be honest, it's half of what this website is catered to), but is it possible to be pulling down 7 figures in DCM as an MD? Not asking in the snobby way, asking in the way of "I have a goal" and am wondering if DCM can satisfy that.
3) Lastly, if my goal was to ~pull 7 figures~ and DCM/LevFin CM isn't a viable option for that, what do I do?