Commercial Banking to Capital Markets
Is it possible to transition from commercial banking to capital markets (I'm sure DCM would be easier but interested in ECM as well) within the same BB? Seems like a bit of a leap
Yes, its definitely possible. Networking and making contacts is key. Its always easier to meet with people, make connections, tell your story before the actual job is posted for. That way your connections will think of you when there is an opening. I would cast a wide net and network with as many bankers in your areas of interest throughout the bank as possible.
I would have a story as to why you want to move out of commercial banking and why capital markets. Not all commercial banking is created equal but in a good group you will learn financial statement analysis, modeling, capital structure, etc. All of these are good and transferrable skills.
Thanks for the encouragement! I actually have a year of IB under my belt (MM bank) and just wanted to get my foot in the door of a BB. Was in an industry group before and want to work my way back to IB but have just started in my new role so will need to wait awhile.
Was this primarily advisory? Could spin something along the lines that you wanted to broaden your banking experience and work at a bank that has more of a balance sheet as you have interest in capital markets and typically balance sheet banks are the one that win such business from clients. Wanted to gain some exposure to capital structure and the lending side so took a role in commercial banking but IB / cap markets is where you'd want to be longer term.
You purely made the switch from MM IBD to commercial banking just to get in with the BB? You could have definitely made a lateral move at the analyst level and avoided the commercial banking route all together. How long have you been in your job for?
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