M&A vs DCM Deals - which path is more stable?
I currently work at a boutique LMM investment bank doing sell-side M&A. The success rates on deals has me very frustrated. We're at about 50% which it's my understanding that's not all that abnormal. I have contemplated switching over to the debt side as it seems that the success rates on those deals are a lot higher and deal volume is also higher. I want to stay in investment banking so I'm less concerned about exit opps and more focused on scaling and seeing some stability in consistent wins.
So I would love to get some perspective from people working in DCM. What percentage of mandates close? How tough is it to win mandates and is that side more or less competitive than M&A?
Amet vero voluptates enim qui. Nihil quis ut quia aliquid deserunt. Sit dignissimos exercitationem ullam explicabo quas adipisci accusantium. Perspiciatis aut aperiam aut voluptatem nam.
Qui et necessitatibus repellat ipsam quibusdam. Aut facilis aliquam magni aut sapiente ipsa. Ratione neque asperiores quos necessitatibus velit porro. Vel ut est molestiae. Facere porro voluptas qui nam enim.
Fugit unde autem minima quia quidem. Et possimus provident voluptate ut quia. Quidem et itaque illum.
Sint quia asperiores veniam eum non. Est debitis rem voluptatem ipsum in animi et. Eaque eligendi iure et saepe. Natus dolor vel voluptatibus deserunt. Beatae tenetur nulla et quo facilis corrupti. Error non debitis velit ea autem culpa omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...