Left DCM for corporate, now regretting choices
Hi all. I spent 2 years at a BB doing DCM and ended up leaving for a corporate. I knew a few others who’d done the same and assumed the grass was greener, but the pace of learning and the comp ceiling have been more of a shock than I expected.
My original plan when joining DCM was to lateral internally to a coverage or M&A team, but I never made the move - and I really regret it now, as it feels like that would have opened a lot more doors.
What options do I have at this point? I could potentially go back to my old firm, but it seems like a tough sell to jump straight into an industry group. MBA? Feels like a possible route, but also a frustrating one - I’d be spending a lot of time and money to fix something I might have been able to solve by just moving internally when I had the chance.
Similar situation here although I came from a coverage group. Did you actually enjoy IB? Feel like it'd be foolish to jump back somewhere that I genuinely can't see myself long term. Or maybe I'm just trying to convince myself to "settle" not sure
I definitely enjoyed many aspects of IB. The type of work was often fun, a lot of it felt meaningful, and the sense of camaraderie.
The main drawbacks were the hours, lack of predictability, and some of the work that felt like a waste of time (redoing a deck just for the sake of it, irrelevant comments late at night, etc.). That said, I suspect a lot of these things improve as you become more senior.
Why are you thinking of going back if you don't see yourself doing it long term?
What were hours in DCM?
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What do you do at the company? FP&A?
Strategic finance
Im in strat finance too. Whats ur all in? Mines 190k
Did you ever think about Sovereign Advisory ? I know that in France it’s a very sought after job, but I don’t know about the rest of the world, they seem to like DCM profiles that are very good at macroeconomics or have exposure to Emerging Markets
Thanks for that - hadn't really looked into it, but will do. My main focus was on getting on a path where I could do some M&A
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