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Based on the most helpful WSO content, ECM (Equity Capital Markets) roles can vary significantly between banks. While some banks might have ECM teams divided by industry or vertical, others might operate more as generalists.

For example, in some banks, the ECM team might be structured with specific industry focuses, while in others, the ECM team might handle a broader range of tasks without a specific industry focus.

In your upcoming interview with MS (Morgan Stanley), it would be beneficial to ask directly about the structure of their ECM team. This will give you a clearer understanding of whether you would be placed in a specific industry/vertical or if you would be working as a generalist.

Good luck with your interview!

Sources: Going from IB to ECM or DCM? Anyone made this move?, ECM, the high finance brain drain, ECM, the high finance brain drain, Q&A: Mega Fund Associate - Asia Pacific Edition, Debt Capital Markets - Is it IB?

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

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