Do ECM/DCM analysts do full time training with IB or Sales and Trading?

Do Ecm/ Dcm analysts do traditional financial valuation/modeling training with other IB analysts over the summer or is it with the markets division even if ECM/DCM is housed under IB?

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At my bank we went through the regular IB training. But the first few weeks of training before exams also included excel training, firm best practices (relevant for ecm/dcm), senior members of the bank speaking, and a big case study. While case study was M&A focused and the topic wasn’t relevant to me in ecm, the putting together slides, using factset/capiq, and crafting a better story and getting feedback from senior members of the bank on our presentation etc. Also, I personally think one of the most important parts of training is getting to know your analyst class and I work very closely with my coverage peers compared to s&t where there’s the Chinese wall. You don’t learn much during training, most of it is once you’re on the desk.

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