I am in DCM, how to spin my resume creative?
I work in leveraged DCM. All we do is pulling comps and market update all day (0 technical skills, we don’t even open a financial statement)
How to spin my resume creatively if I am lateraling to a coverage role? Or even research/buyside (slim chance)
Is it okay to say I work in LevFin but can further explain I am more on the markets side rather than origination
To position your resume creatively for a lateral move from leveraged DCM to a coverage role, research, or even the buyside, here’s how you can approach it:
Highlight Transferable Skills:
Rebrand Your Role:
Quantify Your Impact:
Develop a Logical Narrative:
Upskill and Address Gaps:
Tailor Your Resume for Each Role:
By reframing your experience and aligning it with the expectations of the target role, you can present yourself as a strong candidate despite the differences in your current responsibilities.
Sources: Leveraged Finance – 2017 Update, Seeking advice - Decade of experience in niche sector and laid off, What is your compensation in Real Estate Finance?, Walk-in "cold call" question, Leveraged Finance – 2017 Update
Bumping
Not in DCM myself but,
Gonna need a bit more info. LMM/MM/BB?Purview of your specific DCM group (larger banks for example have separate groups that handle LevFin)? Anything in particular your group in known to do a lot of (specific sector or DCM product type)?
And most importantly, were you apart of any transactions that closed (largest size and scope)?
BB - have done a few left lead actually. We run the order book, sometimes respond to investor questions during syndication. I am closing out my 2nd yr analyst.
If you dont mine me asking, hows the comp and wlb (NYC)? Do you have plans to stay in banking or exit into something else?
Been interviewing for a while — would be gone if I got an offer…
If it’s at a BB, you can’t claim to work LevFin. Push your lead lefts and claim more responsibility and direct client/syndicate negotiations to start.
The rest will depend on what companies you covered. Try to inject as much technical nuance as possible (credit, structure, and market analysis). But at the end of the day, DCM is low margin high volume so it’s OK to feel like you got less technical experience, as it’s not expected.
Thank you — this is very helpful. Currently I primarily go with 1) do DD/field investor questions 2) put together credit memo/sales materials 3)order book build when got asked what I do. (Still have an urge to be exaggerating what I do a bit — ie work on LP/term sheets which we give our inputs but origination usually holds pen)
I have been to a few (struck out) interviews and I am concerned about the lack of in-depth analysis I have on the businesses (which I get it, DCM…). I tried to dive as in depth as I can on my left leads but still struggle to bring the gap.
A lot of interviewers just frown once they heard I work in cap mkts and seem less interested.
But yes will def keep diving deep on sectors I cover + names I led on.
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