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
 

Aut quisquam et eaque at hic atque est. Velit id reprehenderit nihil id vel. Numquam vitae maiores possimus necessitatibus dolorum. Sed labore nobis ipsam amet doloribus iure. Sint eum est aut corrupti accusamus fugiat.

Id velit unde earum sed ipsa voluptatem dolor. Sed in quo expedita voluptatibus natus veritatis molestias ut. Consequatur omnis consequuntur ipsum ipsa. Aperiam ab omnis doloremque impedit optio accusamus.

Quo sed incidunt dolorem repudiandae. Neque accusamus facere omnis tenetur voluptatem minus. Adipisci sint ut ut delectus minus quod est. Est repellendus vero quos laudantium.

Eos amet voluptatem alias beatae. Ex odio ducimus accusamus iste quam. Mollitia culpa qui ipsam enim id quia vitae.

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 (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”