ER -> ECM

Hey Monkeys,

I'm currently working as a first-year Equity Research analyst in a global non-BB bank with strong LatAm presence (think BBVA, BTG, Deutsche, Itau, Scotia, etc...) and I might have the opportunity to make a lateral move into the ECM team in New York.

I know the job itself is quite different in ECM vs. ER with less modeling and more "sales"/origination of deals, so that is kind of clear in my mind already. In the end, I feel like ECM work would be more useful for someone looking for a career in LT investing (ex. PE), especially after combining that experience in ECM with the previous ER experience. (Not to mention the better comps...)

That being said, I wanted to hear the pros and cons of such move, as well as what you think about exit opps down the line for ECM.

Thanks a lot!!

EDIT: Also, I feel like I still have a lot to learn in ER, especially in regards to the sector I cover. However, I also believe that this is a great opportunity that I may regret ignoring in the future, especially if I get stuck doing sell-side ER for a long time.

1 Comments
 

Magni in animi rem accusantium et est. Quasi natus maxime est quam omnis. Recusandae aut ea ut nihil quisquam. Sed odit dolorem incidunt non itaque dolor molestias.

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

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
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...”