How is ECM if you don't plan on going into PE
Title pretty much says it all, but I am looking for a Summer Analyst role, and I understand that ECM gets degraded a lot on this forum because it's not as "cool" as other groups and you can't really get into PE unless you switch coverage groups.
However, if you personally have no intention of going into PE, would that change one's opinion of ECM? I mean the lifestyle and culture definitely seems better in ECM on top of developing strong skills. I imagine the exit opps would be much better if you were at a top BB ECM shop (GS, MS, JPM), but I guess I just don't understand a lot of the bad press around ECM. I think it looks like a very solid gig if your ultimate goal isn't PE. Also, how easy is it to really transfer from ECM at a top BB to an industry/product group at the same bank after a couple years?
In addition, I have heard that derivatives/converts groups in ECM have better reputations due to their technicality. Is that true and what would exit ops look like?
I'm just curious as I am considering pursuing an ECM SA role and would like to hear some different perspectives.
Have friends who stayed on as ECM associates. Lax hours compared to coverage and other product groups aside from DCM which may be just slightly more chill.
If coverage was working 80 hours that week, my ECM counterparts were working probably around 70? maybe a bit less?
They'll have rough patches during certain parts of the road show but then again that's only if you're lead bookrunner lmao
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