Escape from DCM

Hi guys,

*Quick Summary: * 6 mth Amundi Paris (RE/Infra fund) 6 mth French Bank Paris DCM 8 mth German Bank London Debt Syn (end Jul-20) All Internships (french way) Master Degree French BS (Top 8 non target)

Let's make it quick, I cannot stand DCM anymore it's been only a few month between London and Paris and I'm just a young intern but I really feel in my daily routine that we are totally useless (except the need of some sales force when issuers print papers or the inescapable intermediation). Most of the originator don't even know the basic bond skills (2 days ago my Associate from syndicate explained to a VP originator what was an issue above par...) Maybe it's because I'm not in some prestigious banks but I really doubt it...

Questions: I'd like to move to REPE / Infra Fund and why not PE (have an interview for an entry level position at a Middle Size Infra Fund). Do you think that I should target IB in some banks for my first permanent and then move? Should I keep applying to entry level REPE/PE despite the absence of true IB exp?

Thanks for your return, would be glad to hear your thoughts about DCM though (cause I used to love it at the beginning)

4 Comments
 
 

Eos voluptas itaque velit odio nostrum harum voluptatem. Id eveniet occaecati commodi ut repudiandae qui mollitia. Qui quaerat qui nobis occaecati tenetur ratione quaerat. Odit odit autem sed repellendus doloremque ut.

Qui repellat soluta voluptatem ratione. Et magnam explicabo amet iusto ex quidem. Aspernatur doloremque beatae autem aliquid unde voluptatem.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

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

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (49) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • 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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”