ECM Internship
Hi,
I am joining a top tier BB as an intern in ECM for a couple of months and am wondering what exactly I will be doing during those months.
What comes to mind:
- Market updates
- Maintaining a database of IPO, Follow-on discounts and other relevant metrics
- Working on IPO prospectuses
Anything else?
Thanks
Can I ask about the firm? :)
GS/JPM/MS
i'd bet on MS since they take people for GCM all the time during the year
I agree with you, it seems a great opportunity to me.
Probably also answer any ad hoc questions asked by the M&A team regarding market situaiton. Like updating files with shareprice and those kind of stuff
Anyone with actual input and not just a speculation as to which firm I am going to be interning with?
Yes - I spent 3 years in ECM with a BB in new york - you will do a lot of market update slides / contribute pitch materials related to execution (think roadshow, deal layout, account targeting etc) to IPO and FO pitches and maintain / distribute both databases and weekly market updates both internally and externally. You will not work on IPO prospectuses - that is largely done by the IBD folks / perhaps some senior ECM input. You will also assist in deal execution. Most of the strategic and pitch work on a deal is done by the coverage / M&A bankers and ECM's time to shine is really when the deal is executed - you will help streamline execution and compile investor feedback.
PM me if you have specific questions. Not that you asked, but I didnt have a great experience and wouldn't recommend ECM as a full time opportunity unless you really wanted to be in ECM longer term.
great comment, thanks for info would be great if you would do AMA, i dont think i've ever seen BB ECM AMA on WSO
op sorry for my usual trolling, the force is too strong :D
thanks jr - will send you a pm later today
What are some of the reasons you wouldn't recommend it for FT?
What's an AMA? I am happy to write one but am actually relatively new to this site....
"Ask Me Anything"
Here, an example of latest AMA: http://www.wallstreetoasis.com/forums/ama-sr-associate-at-a-cvc-fund
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