Capital Markets to M&A/Coverage?
To be direct, wanted to gauge from you guys how realistic of a chance I have moving from capital markets to coverage.
Im a second year analyst at a mid tier BB in DCM, but want to do M&A now. I feel very confident in my modeling skills and can easily pull a 3 statement / valuation model in 2 hrs.
Obviously it’ll be an uphill climb. Do I even bother trying to recruit or is it basically going to be an impossible transition? All insights are welcomed
Very high. At my bank 95+% of the m&a analyst leave and usually the capital markets ppl are the most eager to fill third year analyst / aso slots. Banks would rather retain ppl and no one likes to run recruiting processes
Appreciate the insight, that makes me more optimistic
100% possible. But do it soon. The longer you wait the more difficult it becomes
100% can be done and not that difficult, but time is running out, this is the right timing and you have to get it done before you become an ASO.
Internal is by far the easiest, start networking. I also wouldn't limit yourself to the M&A group as you are dependent on them actively hiring... many banks are not filling the spots of people leaving right now.
I assume you cover a certain sector in DCM, that is always an easy/natural move but if there are other internal coverage groups you like you can network there as well. I would be talking to at least 3-4 groups
Can I / you PM me, if you don't mind?
Would you say it's completely impossible as an Assoc (even with demotion)? Ignore title, currently an Assoc 1 (been 2 years at current firm after leaving briefly for 6 months, before which I was at the bank from A1 - A3)
You probably have very strong connections internally so should be doable. The timing is harder as you are waiting for an ASO to leave, which they don't tend to do very quickly (given most are paying off b-school). Touch base with your contacts interally and be on the hunt externally as well (teach yourself to model in that time too)
Bump. Anyone familiar with mobility from JPM ECM/DCM to M&A/Coverage?
Bump.
Has anyone done this recently?
How hard is this to do at an EB (EVR/PJT/MOE)? Easier or harder than a BB?
Is this doable at the associate level? I am now an Aso2 with a good reputation internally. Tried moving last year, but given how bad the market is, zero opportunities internally unfortunately. Willing to go back a year.
lol. I’m in the opposite boat. Tryna move from coverage to DCM
good luck to you!
Any specific reason why you’re making this switch?
Just curious cause I don’t know anyone myself that’s moved from coverage to DCM
Hours are better. WLB is very important to me. And I like the product better.
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