DCM/ECM is considered lower hours
What type of hours realistically can one expect.
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I think normally between 10 - 12 hours a week less than coverage. However, with all this market activity right now, ECM in particular is working the same if not more hours than coverage.
Hi- I'm quite new to the site and interested in DCM. What does coverage mean exactly? A bank (DCM) I applied to mentioned to me that there was a chance for me to move into client coverage- what does this mean and is the coverage you mentioned the same thing?
He's referring to investment bankers who work in industry coverage groups, rather than product groups like M&A, ECM/DCM, RX. Coverage bankers "cover" certain industries, like tech, healthcare, industrials, metals & mining, etc. and will work on a mix of M&A/ECM/DCM/RX deals in their industry, while for instance an ECM banker will cover only ECM deals, but in a variety of different industries.
Can confirm working the same amount of hours as coverage
Hi- I'm quite new to the site and interested in DCM. What does coverage mean exactly? A bank (DCM) I applied to mentioned to me that there was a chance for me to move into client coverage- what does this mean and is the coverage you mentioned the same thing?
Not less hours whatsoever, especially at a BB. Especially at the junior level, you need to be there and online in case there are big deals going on.
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Current BB DCM doing 75-85 on avg.
Can confirm, same here
In my experience a typical, non-busy time period ends up being close to 7:30am - ~8:00pm. Although given how busy 2020 was basically from March through June that changed to 7:00am - ~2:00am... Definitely varies base on the market but in general I'd say much better hours.
Why are you guys starting at 7 AM?
it’s not like you’re buyside AM watching and prepping for market trading every day
65-70hrs with busy weeks ranging up to 80-85hrs. Work on weekends only every few weeks.
What are the hours like for associates and VPs?
Not much different for associates in my experience. VPs probably 5-10hrs less per week (~60 on average) but really depends on the vertical. Some are severely understaffed right now and associates are consistently pulling 7:30am-9/10pm days.
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