Since the Capital Markets groups sit between the pure IB and S&T functions, does movement occur between the three, either within a firm or just exit opportunities? I understand that the skill sets differ, but every post I've seen on DCM/ECM seems to suggest that analysts in these groups have no exit opps because they don't learn the pure skill set of either IB or S&T.
Trending Content - Investment Banking Forum
| +433 | Is UBS really that bad? | 77 | 8h |
| +265 | Investment Banking is Divine | 40 | 2d |
| +219 | Another $115bn Mega deal for these banks. Congrats! | 46 | 14h |
| +216 | US 2027 SA IB worried about background check | 53 | 2d |
| +74 | Useless associates | 14 | 4h |
| +66 | Which Offer to Accept: UBS Analyst Role or Part Time Cashier at the Local Taco Bell | 18 | 1h |
| +60 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 10 | 1h |
| +52 | Differences in Restructuring Teams? | 24 | 10h |
| +44 | FIG Pigeonholes you - is it true? | 15 | 2m |
| +40 | Is Houston SA 28 recruiting already over? | 34 | 1d |
Career Resources
I've been an outspoken critic of CM gigs. When I've seen movement occur, it's usually from DCM - especially leveraged guys - because banking and CM are usually more close to the distribution plan (especially with syndicate products).
I think banks use the hope of transitioning into S&T to get people into CM groups. They're quick to point out that most people in CM came from banking or S&T - but you don't see many people who mad the reverse transition. CM is for bankers and traders who want less stress and less work, so if you're conditioned to that environment from the onset of your career, you're not the best candidate for S&T.
DCM to S&T - Ultimate interest (Originally Posted: 06/02/2007)
Hi, I have an internship with JPM DCM this summer, but my ultimate interest is to work in Sales and Trading. Is the switch possible/ easy? How should I go about it assuming I get the offer (keeping fingers crossed)?
I switched from interning in DCM origination to trading so it's very possible - get a recommendation from your MD then email the heads of trading desks
DCM to S&T - Is the switch possible? (Originally Posted: 06/02/2007)
Hi, I have an internship with DCM this summer, but my ultimate interest is to work in Sales and Trading. Is the switch possible/ easy? How should I go about it assuming I get the offer (keeping fingers crossed)?
How was it? at what bank?
my friend had same situation. best thing is to talk to your supervisor over the summer and if you got on good terms with them. wait til you get that offer and then ask if they'll let you move groups. my friend though had to do final interview with the s&t guys again, spares you the trouble of earlier rounds.
You won't get the offer, neither at dcm and neither at S&T...
The team will see you are not motivated, your non verbal communication , your attidude, you cannot fake being extremely happy to be in DCM.. so in the end you will end up with nothing
Qui nam ea voluptas explicabo. Et soluta laborum tempore. Numquam quia et et totam est amet eligendi. Est odit veritatis ut quo fugit et illo consequatur.
Rem omnis et eum ab iusto nihil. Similique eaque similique ut et maiores.
Voluptas provident ullam quia reiciendis culpa ut eligendi. Ipsum est dicta error quis eum totam ipsa. Ut molestiae suscipit earum officia et qui. Sit placeat recusandae iusto consectetur quia. Expedita et at corrupti id ut. Quis sed nisi ut et dignissimos officiis et. Quidem vel esse non saepe at adipisci ut.
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...