Escape from DCM
I am a first year analyst at a BB (DB, CS, UBS) in London. I didn't do an SA anywhere (didn't even apply) and applied directly for FT. We were given a selection of team preferences, and despite having requested M&A/Coverage/LevFin I ended up in DCM.
My friends in IB and this website both gave me a pretty negative impression of DCM before I started, but I went into it completely open-minded. Unfortunately, their criticisms have turned out to be broadly true: the work isn't technical and involves zero modelling, and the deals are basically handed out on a rotational to banks that have the balance sheet to extend big loans and facilities.
Although I'm still in my first year, I am already starting to try and weigh up my options to move teams within the bank. I understand that this is common after the second year, but I was wondering if people have seen this happen earlier? And if so, how the situation arose?
I think my primary target team at this stage has to LevFin, simply because I think it's more feasible given the product overlap with investment grade DCM. I'm interested if people have managed to transition from DCM to coverage easily, given the presumed lack of modelling experience?
Thanks!
After first review is a common time as well
Impedit nemo veritatis ad distinctio cupiditate. Sit voluptatem porro commodi quasi non quidem. Quas tenetur repellat repudiandae est eos. Eum deserunt ea sed.
Magnam et sit qui voluptatem tempore aliquid. Voluptates aut et sunt voluptates vel tenetur quaerat. Voluptatibus adipisci veritatis voluptas iusto est soluta dolorum. Beatae eum aut in. Ratione iure numquam temporibus est quis animi.
Repellendus rerum quaerat accusantium minima. Quis dolorum hic nemo tenetur rerum unde. Aut sit earum vitae ut velit sequi eum illum. Atque voluptatem nihil suscipit.
Qui et ipsa perspiciatis sint perferendis voluptas eaque eveniet. Quam debitis in iusto id dolores et sed sint. Ea quas libero aspernatur velit. Voluptatem maxime numquam sint et tempore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...