DCM prospects
How feasible is it to start in DCM at a BB and get to buyout PE? If hypothetically was willing to do many years in IB should they need (assuming moving groups and or lateraling). Thanks
Trending Content - Investment Banking Forum
| +234 | Downfall of Qatalyst | 45 | 13h |
| +176 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 25 | 59m |
| +116 | UBS Americas IB: The Kids’ Table of Wall Street | 15 | 1d |
| +82 | Lincoln International Return Offers | 42 | 2d |
| +59 | London IB BB is a challenge | 36 | 4h |
| +54 | so confused about 28 SA timeline | 27 | 6d |
| +40 | SharePoint makes IB hours HELL | 15 | 4h |
| +39 | momentum of Rx groups | 12 | 13h |
| +37 | Fired during interview | 6 | 1d |
| +35 | VP Lifestyle at Top BB Coverage Groups | 20 | 1h |
Career Resources
Better chances if you move to M&A or a coverage group first
Bump
Yeah, move to M&A or cov
Need to move to M&A or coverage (or lev fin at some banks where that's a top group) but very doable, especially if you can make the move while still analyst level where you'll have the most PE opportunities
And if i end up doing dcm for 2 years and lev fin for 1?
Try to lateral into an analyst 3 role and not associate 1 so you are still getting PE opportunities. But it's fine.
If you do 2 years in DCM I would focus on M&A/coverage over lev fin so you have deal experience
Im a second year analyst in dcm at a BB and will be moving to a MM PE shop.
Its very doable as long as you crush the modeling / LBO test. You would be surprised how many of your coverage and M&A peers don’t know how to model properly.
Thanks for your response +1SB. For crafting a story, how did you spin your background to make it as relevant to PE as possible?
Did interviewers press/question about your DCM background as a potential “weakness” since it did not include typical PE modeling exposure? Thanks
Et voluptas pariatur aut maxime reiciendis mollitia. A veniam modi rem sit est sit. Sint enim temporibus animi labore repellendus. Sint laudantium et tempore ipsam id fugiat non.
Maiores vel atque minus expedita quia quibusdam et. Sequi cum expedita pariatur dolorum perferendis est eum. Quia culpa et perferendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...