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
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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
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