Hey, ECM / DCM bankers! help me prepare for BB ECM/DCM Internship – Need Advice on Resources, Tools, and Market Updates

Hi everyone,

I’m an upcoming intern for a BB bank, and during my internship, I will be working across both ECM and DCM. I want to better prepare myself for the role, and I’d really appreciate your insights on the following:

  1. Daily Market Updates:

    • Are there any resources or platforms (free or paid) that provide concise daily market updates tailored for ECM or DCM professionals?
  2. Market Update Slide Templates:

    • Can anyone share examples or templates of market update slides typically used in day-to-day work in ECM or DCM?
    • If templates can’t be shared directly, could you guide me on what sections or information these slides usually include? (I want to practice making these slides before I join the team)
  3. Key Elements in Market Summaries/Commentaries:

    • What are the must-have elements in daily market summaries or commentaries in ECM or DCM?
    • For example, I assume interest rate changes, bond yields, major equity index moves, and IPO/issuance trends would be included, but I’d love to know more specifics! ;)
  4. Bloomberg Terminal Functions:

    • I know functions like “LEAG” (league tables), “IPO,” “RV” (relative valuation), “EQS” (equity screening), and “ANR” (analyst recommendations) are frequently used. Are there any other Bloomberg Terminal functions I should master for ECM/DCM work, and why? (Before joining the team, I'd like to familiarize myself with these functions at my school's BBG lab)
  5. Additional Tips or Tricks:

    • Any general advice or hacks for excelling during a ECM/DCM internship?
    • Specific technical skills, habits, or mindset tips that helped you succeed in a similar role?

Thanks in advance for your help! I’m quite nervous and excited about the internship and want to hit the ground running. Any guidance or shared experiences would mean a lot to me!

2 Comments
 

Based on the most helpful WSO content, here are some insights and resources to help you prepare for your BB ECM/DCM internship:

Daily Market Updates:

  • Resources/Platforms:
    • Bloomberg Terminal: Essential for real-time market data, news, and analytics.
    • WSJ (Wall Street Journal): Provides comprehensive market news and updates.
    • Financial Times: Another excellent source for global market news.
    • Yahoo Finance: Good for quick updates and summaries.

Market Update Slide Templates:

  • Sections/Information to Include:
    • Market Overview: Summary of major equity indices, bond yields, and interest rate changes.
    • Recent Deals: Highlight recent IPOs, bond issuances, and other significant transactions.
    • Economic Indicators: Key economic data releases and their impact on the market.
    • Sector Performance: Performance of different sectors and any notable movements.
    • Market Sentiment: General sentiment in the market, including any major news or events influencing it.

Key Elements in Market Summaries/Commentaries:

  • Must-Have Elements:
    • Interest Rate Changes: Impact on bond yields and equity markets.
    • Bond Yields: Movements in government and corporate bond yields.
    • Equity Index Moves: Performance of major indices like S&P 500, Dow Jones, etc.
    • IPO/Issuance Trends: Recent and upcoming IPOs, bond issuances, and other capital market activities.
    • Economic Data: Key economic indicators such as GDP, unemployment rates, inflation, etc.
    • Market Sentiment: General market mood and any significant news affecting it.

Bloomberg Terminal Functions:

  • Essential Functions:
    • LEAG: League tables for ranking underwriters.
    • IPO: Information on upcoming and recent IPOs.
    • RV: Relative valuation for comparing companies.
    • EQS: Equity screening for filtering stocks based on criteria.
    • ANR: Analyst recommendations for stock ratings.
    • YAS: Yield and spread analysis for bonds.
    • WEI: World equity indices for global market performance.
    • BMC: Bond market monitor for tracking bond market activities.

Additional Tips or Tricks:

  • General Advice:
    • Technical Skills: Excel modeling, financial statement analysis, and familiarity with Bloomberg Terminal functions.
    • Habits: Stay updated with daily market news, practice making market update slides, and review recent deals in ECM/DCM.
    • Mindset: Be proactive, ask questions, and seek feedback. Networking within your team and with other interns can also be beneficial.

For more detailed discussions and resources, you can refer to the WSO forums and specific threads on ECM/DCM experiences and preparation tips. Here are some useful links: - https://www.wallstreetoasis.com/forum/investment-banking/ecmdcm-for-car…</a">ECM/DCM for Career Banking - https://www.wallstreetoasis.com/forum/investment-banking/ecmdcm-for-car…</a">Source for DCM deals/Info

Good luck with your internship!

Sources: ECM/DCM for Career Banking, Can ECM/DCM refer for investment banking positions?, ECM & DCM: What's your experience like?, ECM, the high finance brain drain, Source for DCM deals/Info

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

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