Hello all,
I appreciate that there might have been posts like this before, but none under such an economic climate like now (or maybe the financial markets were terrible early 2016, idk).
I was wondering how DCM ranks in terms of job security? Especially considering downturns such as now, is it a safe group to be in?
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Generally one of the more stable groups during a downturn
Stable gig, very difficult/unlikely to overhire (unlike ECM/Coverage), somewhat countercyclical.
Simply put, if the DCM team is facing heavy cuts, the bank has way more problems
Is it hard to get into and get an FT offer there then?
Why is the product countercyclical?
Agreed, DCM is way more stable than coverage and ECM (and even lev fin) because companies are always looking to refinance upcoming maturing corporate debt, even if interest rates are high
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