ECM Questions - Bulge Bracket vs Mid Market Broker
Hi Chimps,
I'm currently working in an ECM role at a major broking firm in Australia. We have a lot of deal flow and do a lot of smaller transactions. We compete with the bulge bracket banks on the league tables in terms of capital raised since we run 50+ deals a year and most bulge brackets will only run a couple of deals.
My question is, what are the major benefits of working for a bulge bracket (a part from bigger deals, prestige etc.) if you are doing less execution?
Some sub questions:
- What is your time spent on if you aren't executing on transactions?
- Do you take a far deeper dive into the companies you are advising?
- Is there a lot of time spent on 'winning' clients through pitches etc. rather than executing deals?
- What are some of the benefits of working in a role with less execution?
Thank you for your time.
Bump
The US equities market is on fire. My low tier MM has pricing a deal a day everyday in July. I’m sure BB are doing even more deals. We are so busy and understaffed.
The description of the firm screams Canaccord
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