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 

9 Comments
 

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:

  1. Highlight Transferable Skills:

    • Emphasize your expertise in market analysis, pulling comps, and staying updated on market trends. These are valuable skills for coverage roles and research positions.
    • Frame your experience as being deeply involved in understanding credit markets, pricing, and investor sentiment, which are critical for both coverage and buyside roles.
  2. Rebrand Your Role:

    • It’s acceptable to say you work in LevFin but clarify that your focus is on the markets side rather than origination. For example, you could describe your role as "Leveraged Finance Markets Analyst" or "Debt Capital Markets Specialist – Leveraged Finance Focus."
    • Use language that aligns with the target role. For coverage, emphasize client interaction and deal exposure. For research or buyside, focus on your analytical skills and market insights.
  3. Quantify Your Impact:

    • Include metrics to demonstrate your contributions. For example, "Conducted daily market updates and comps analysis, supporting $X billion in leveraged finance transactions."
    • Highlight any instances where your market insights influenced decision-making or strategy.
  4. Develop a Logical Narrative:

    • Craft a story that connects your current role to the desired position. For example, explain how your understanding of credit markets and investor behavior equips you to excel in coverage or research.
    • If targeting the buyside, emphasize your ability to analyze market trends and identify investment opportunities.
  5. Upskill and Address Gaps:

    • If you lack technical skills, consider taking courses in financial modeling, valuation, or accounting to bolster your resume. Highlight these efforts in your resume and interviews.
    • Mention any exposure to financial statements or deal structuring, even if limited, to show a willingness to learn and adapt.
  6. Tailor Your Resume for Each Role:

    • For coverage roles, focus on client-facing skills, deal exposure, and teamwork.
    • For research or buyside roles, emphasize analytical skills, market insights, and a proactive approach to identifying opportunities.

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

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


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)?

 

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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