JPM CCBSI vs. RBC DCM
I have a superday for JPM's corporate client banking, and also a DCM interview with a Canadian bank.
I know I haven't gotten offers yet, but was wondering what your thoughts are suppose I get offers from both? I feel ashamed that I'm saying this, but I don't exactly know what I want to do down the road, so I would want something that would give me most transferable skills and exit opportunities... I was learning towards JPM, but recently realized CCBSI is commercial banking, whereas DCM is still technically front office IB.
Thanks!
Is this for a full time position? Also what group is the CCBSI superday with?
This is for regional, not coverage
JPM's regional CCBSI teams are still technically coverage...
Get the offers first then decide
CCBSI is terrible, period.
Worked there. Not IB. Everyone begging to leave to IB cuz CB is not their ultimate goal. Coworkers were cool though.
Did you guys get overworked? I know some like CB bc of the hours hence why it's lower pay and chill vibes as you progress a career long term.
Is it 85k? or did they get raised with IB's base?
May I ask which part of it was terrible? I heard they get same base salary as IB tho
Just wondering if it's terrible because you wanted IB so you're biased, or if it's decent for ppl not wanting IB but still front office
It’s a good gig. Solid hours, good pay (base 100 was matched). Client facing with 30% IB work and 70% CB work. My directors will pitch M&A once in a while and we hold pen on models as well.
Won’t make $mm everyone talks about for IB on this site, but mid to upper six figs is reasonable. No PE exits and less prestige than IB … if you care about that
RBC, I worked in CCBSI, everyone claims they are in LevFin when we were in corporate banking...
Depends on the region you are in. I know CCB midwest, northeast and entertainment is more levfin focused at the analyst level. Once you hit associate, its all corporate banking.
OP here, decided to join BofA's global capital markets IG loan syndication team. Actually got dinged from JPM after totally failing to answer one (when will enterprise value be negative and why.. i know it's easy but I literally went blank at the moment) out of like 9 technical questions asked by a VP alone. Wasn't a formal interview process and seemed like that VP had the call to choose his own analyst. Didn't bother to look at the offer from RBC because I secured a BofA offer. Hope I made the right decision though.
DCM at RBC by a million. Friends at CCBSI all work 80+ hours a week and are beginning the lateral process after bonuses are given to leave for IB. The brand name of JPM isn’t worth it.
I thought the reason people went to corporate banking was b/c hours were way more relaxed than IB. Is this across all CCBSI or just certain coverage regions?
For an analyst, CCBSI could be a great launchpad to get in the door with levfin.
However, at the associate level, it's purely corporate banking and still technically not corporate banking as CCBSI sits within the commercial bank, and JPM has a fully separate Corporate Bank within the Investment Bank.
Hours can be brutal for analysts and associates. They are always hiring because turnover is high. I'd avoid this group and go with RBC DCM in a heartbeat.
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