M&A/ECM A2 at top BB - Feel free to ask me questions. Also wonder, as I am moving to DCM - will I primarily use Factset or Bloomberg?

Hey!

Moving to a DCM role (HY bonds/mezzanine) from a top BB M&A/ECM group and wondering if the new DCM IB desk I am moving to (new bank) will use Bloomberg instead of FS (how does it generally look across IB)? I am asking this to prepare for this scenario as I am really into Factset and feel very comfortable with it. However, we do not have a DCM desk close to us, so we have no insight into their software. Furthermore, if anyone would like to recommend a book/guide regarding HY, Private Credit or Leveraged finance, I would more than appreciate it (so many out there but looking for an efficient quality book/guide). 

I have done 1,5 years of M&A/ECM and aiming towards 1,5 years in DCM (aiming to recover for the next gig during this time). In general, do you think this will still look good if I later want to move to Investment firms or PE / Private Credit after the c. three years in IB, having covered M&A/ECM and DCM? I have closed three significant deals in IB already, which involved M&A and ECM (aware that DCM does not have the same exit opportunities, so worth underlying the already closed deals)

  • If someone is trying to break into a top BB in M&A/ECM, even if I am not an expert with 1,5 years of experience, please feel free to DM me or comment below. I am MORE than happy to give tips that I wish I had been given before applying and starting my job at my BB.

If you wonder why I am making this move, as many have asked me, it is simply the BRUTAL hours I have had during my time covering M&A/ECM, which has not been sustainable. Working at one of the banks that went out publicly with juniors complaining about the absurd hours, i.e. 9 am-5 am regularly, without much reward. In the long run, mental burnout and anxiety are not something for me, and it is not a sprint. It is a marathon.

Thanks a lot, guys! Appreciate it. 

All the best,
Milton

 

3 Comments
 

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