ECM/DCM Analyst about to quit

Hi all, I am a 1st-year analyst at a BB IBD Capital Markets Team (think ECM/DCM) looking for advice and perspectives on getting out - currently debating between recruiting for smaller MM IBD or re-recruiting by doing a master's degree (think LBS/LSE/MIT/HEC).

Some background:

Completed my summer internship in 2019 and received a FT offer saying I would likely join a sector team but was eventually placed in ECM/DCM

Tried immersing myself into the role, but given the nature of ECM/DCM, I genuinely learned more during my 2-month summer internship working with sector teams than during over half a year as a full-time analyst in capital markets... and feel like I am just wasting my time here.

Due to office politics/culture it will be unlikely to move internally - the group's culture isn't very supportive (some juniors on the team previously got screwed over because of this).

My goal is NOT to move to buyside but to exit to corp-dev / strategy at a F500 after 4-7 years of IBD / consulting, where I hope to learn as much as possible and after which to potentially pursue an MBA

I understand it will be difficult to switch to BB IBD at a non-capital markets team as I have been contacted by numerous headhunters but they all got disinterested after learning of my background. Do you guys think it's better for me to do a Master's in Finance and rerecruit for BB IBD / Consulting or to downgrade to a MM IBD team? Either option would likely require repeating analyst years.

Thanks in advance for any feedback

1 Comments
 

Earum fugit incidunt voluptates quia exercitationem delectus ipsam. Tempore natus quos et eius. Non magnam id in cum numquam aliquam sunt.

Cum eveniet odio molestiae dolorem dolorem. Modi quis excepturi et voluptates maxime. Officiis excepturi aliquid minima eligendi sunt ratione nulla. Nulla sequi ullam similique eos ut ut.

Et sapiente neque in quasi omnis minima. Rerum porro optio doloribus blanditiis est officia ea.

Est odit repellat rerum blanditiis iure. Repellat placeat sint repellendus magnam possimus non. Ipsum voluptatibus explicabo veniam neque velit reprehenderit.

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

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”