DCM Escape Plan?

Hey guys,

I'd like to hear any and all advice that you all might have. Currently, I am a DCM analyst who has been on the job since June. I am eager to lateral out as I find the work I've done to be mostly mundane and would like to gain a better modeling skill set and deal experience from another group on the coverage/m&a/levfin/anything-but-CM side. I am at a mid-size regional bank where pretty much every deal we participate on we are a co-manager. I got my internship offer from a target with a decent GPA (3.6) and an Econ degree. I had zero finance experience prior and, of course, was not focused at all the first year of college. I was more interested at the time in drinking and making friends. I really did not have the foresight to plan ahead for an IB job early in college, which I now regret. Making matters worse, I started looking for positions in November of my junior year and was very late to the party. Thus, I took any internship with ''investment banking'' in the title as a big win.

I know I'm as smart as the average IB analyst and I have the drive. My main issue is I have such little valuable deal experience to begin with. The way my group operates is high volume but little involvement on any deal we touch. 95% of the time we're in a co-manager position due to being in tier 2 or 3 of the issuer's credit. I realize that the jump from a small cap markets group to a competitive IB job is not an easy one to make, so I'd appreciate anyone's insight.

Thanks a lot guys.

6 Comments
 

Disagree. You will be branded as a DCM banker with no modelling skills. I would try to lateral ASAP and if necessary interview for other banks. DCM is a career death sentence imo if you are after a skillset and excitement

 

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