ECM or DCM?

Have an Internship this summer at a BB rotating through ECM and DCM. If I were to return full time, I would get my choice of desk. Can anyone recommend one or the other based on long term career options? 

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I think they are about the same. I chose ECM because DCM seems like the most boring thing in the world to me but that’s personal preference.


If you’re at UBS, DB, WF, RBC or a BB of that caliber, I would choose dcm because you won’t get LL experience which will hinder you in ECM long term (albeit as an analyst, you can just lateral and say you like ECM and want to see the action and it’s super easy as a first or second year so if you want ecm, take the ecm job). At those firms, you’ll probably get better deal experience in DCM because most ecm roles will be passive and all you do is say “x is signed off” because you are boxed out.

 

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