Capital Markets position to M&A

Hi all,

I'm due to start a grad programme at a French bank in London in August. I shall rotate three times over the course of a year in the capital markets origination teams (these include FIG DCM, CEEMEA DCM, Asset Financing, etc.)

Over the course of my final year at university, I've realised that my long term career ambitions need me to be in IB for a little while rather than in S&T or Capital Markets. So I'll need to make the move.

Anyone have any recommendations on how to do this? Should I do it within my bank or apply elsewhere? How should I spin my time in the capital markets origination teams to sound most like IB-esque deal work?

Also what would my strategy be here? When would I apply? At the start of the grad programme or after two years into a job? Would off-cycle positions be worth applying to?

Thank you very much in advance!

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