DCM YTD

Hi everyone.

It would be great if someone could compare DCM in January to DCM under the current environment and what DCM will look like if this is a V shaped recession (rebounding in summer months).

Thanks!

4 Comments
 

Hey Intern in IB - DCM, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:

More suggestions...

Fingers crossed that one of those helps you.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Bump- anyone with high level market color/insight as we move through the year?

 
Most Helpful

If you look at it through the lens of use of proceeds:

- So far this year has been dominated by almost a rush on opportunistic financing to build up liquidity cushion for corporates at the onset/through the early stage of the covid pandemic, and obviously refinancings given the low rates and the fact that Fed itself started buying corp bonds

- Expect to see some big tick event-driven/M&A and/or sponsor financings in select industries

- Refinancing activity will continue, and available for issuers not in distressed situation

- Dichotomy between the "haves" and "have-nots" - could see surge in downgrades/defaults/restructuring in certain industries most impacted by covid (especially the commercial real estate side of things), while others continue to enjoy unfettered access to super low cost of funding (e.g. the likes of Apple)

- Should equity markets continue its performance, issuers may opt to raise equity and delever rather than refi in DCM

Overall, DCM bankers won't sit idle.

I can do a separate reply if you want to discuss spreads.

 

Placeat ut error quae velit ut blanditiis. Voluptas sunt deserunt magni quaerat quos quis rerum. Et quia qui beatae vitae neque facere. Doloremque ea autem culpa sint aut voluptas. Facere nemo et laboriosam. Velit sed repellendus non ut minima explicabo non in.

Consequatur incidunt rerum harum quia est blanditiis quia. Vero perspiciatis qui facilis totam. Voluptas sit consequuntur quo est expedita aliquam quas et. Deserunt est minima et et voluptate qui. Vel id excepturi et eius voluptas. Velit numquam illo animi ducimus sint. Iure aperiam sequi tempore quam non.

Recusandae quaerat dicta corrupti et rerum. Omnis autem dolorum eaque. Provident est consequatur dolorum ducimus impedit ullam est. Ut eveniet voluptas eius veniam. Suscipit est saepe id dolor libero.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Goldman Sachs 01 97.8%
  • Guggenheim Partners No 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (81) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”