Hi all,
got an interview for a DCM internship coming up and I really wanna be well prepared.
Does anyone have any good recommendations for Courses/Books that actually focus on DCM IB work and not just explain what bonds are?
Any help would be much appreciated.
Thanks!
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Based on the most helpful WSO content, here are some recommendations to prepare for a DCM (Debt Capital Markets) interview:
Courses:
Books:
Additional Tips:
Good luck with your interview!
Sources: Debt Capital Markets - Is it IB?, BB Debt Capital Markets - Exit Opps / Comp, Investment Banking vs. Capital Markets - How different are they?, ECM/DCM for Career Banking, Can ECM/DCM refer for investment banking positions?
Hello,
Hoping to be of some help. Just had a superday for a DCM summer role and got the job. Here are some things you need to know:
Trends in the FED: their last meeting, where rates are headed, how rates have been trending, the dual mandate, Jerome Powell, etc.
Global Events: Things that will impact the credit market: 2 examples are the Oil concern with the War in Israel and the China stimulus package.
Credit ratings: Know the 3, what they do, and what separates investment vs speculative-grade securities.
Know about the 10-year UST and how it has been trading; have an opinion on where it is headed.
Understand terms like credit spread, credit risk, basis points. There are pdfs you can find to learn more about DCM but learn from Moodys, S&P, and the FED about the debt markets, those websites helped me a lot.
Appreciate it man, thanks! Good luck in your new role!
np
Any other suggestions? Have a super day coming up for FT, would really appreciate any help
For DCM-specific prep, it’s great that you're diving deeper than the basics. A couple of solid resources to consider:
Good luck with your interview prep!
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