IB M&A vs. ECM/DCM post-recession -- which would be better?
Nobody knows how things are going to look come August...
But let's operate under the assumption that -- -- after a brutal recession this spring -- by June things are 75% back to normal (people going to restaurants, sporting events) and financial markets have stabilized... if an intern did a remote M&A internship this summer with no deal flow (remote because the firm decided to play it safe), do you think it's more promising to stick to that field? Or is a position in ECM or DCM perhaps the more "stable" area to pursue? I imagine there will be very few IPOs before the summer... but do you think the IPO market will rebound faster than M&A market? And is DCM an even safer call because -- it seems like in both good times and bad -- companies may always have a desire/need to raise funds via debt?
bfd, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
You're welcome.
this did not age well
How has this not aged well? Capital markets are still roaring. And yes, M&A came back incredibly strong, but this post wasn't a prediction, but a question as to which area people thought might be better.
I think it didn't age well because most states are still pretty much locked down, IBD has had a banner year, and IPO market has been hot.
Ah, yes... no doubt, that assumption was way off.
haha yeah I know, just got a good laugh at "open by June of last year" - and laughing at myself too, because I thought to same last March!
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