MM vs. BB Capital Markets
Hi all, I just want some advice on what to do. I am a rising senior at a target school and I am currently interning in the Capital Markets Group at a middle market bank. I am not interested in PE or HF or M&A so please don't start talking about those jobs. I am interested in ECM and DCM because of the better hours and less brain intensive work (no modeling). Essentially, Im just trying to make money (As I am sure 95% of us are).
With that said, I think I am doing decently well at my internship and I would like your opinion on:
1) BB vs. MM Bank for Capital Markets (DCM/ECM) -- The bank Im working at is good, but what is the benefit of working at a BB bank? Will it yield any significant differences in pay?
2) Which combination is the best? DCM at MM, DCM at BB, ECM at MM or ECM at BB?
3) I am a southern kid and would prefer to stay in the south. I am currently working in New York City right now and I don't like it here. I would prefer North Carolina, Richmond, Atlanta or Houston.
Basically, I looking for a company that I can work for a couple of years (3-4 max) where I can get good income and then move onto something that may or may not be finance related. I am not too worried about learning set skills in modeling or valuation. All I really care about is the pay and location.
Look into SunTrust Robinson Humphrey. They have DCM and ECM groups there. Don't know how good they are, but I've heard great things about STRH work/life balance
Thanks, Im currently trying to pick a bank to focus on networking efforts BC Im working an don't have that much free time. I have narrowed it down to: PNC, BB&T and SunTrust. Out of these 3, which one do you think is better?
Why no Wells, Ray Jay, Regions, US Bank, Stephens, Fifth Third? All have Southern offices, although I think Fifth Third has only a generalist program. Also Key has some Charlotte based coverage. Davenport, Ziegler and Sims all have a muni presence. Piper Jaffray and Baird have a Charlotte presence as well.
If you are choosing between PNC, BB&T, and STRH, I would go with STRH by a mile. Do you have offers from any of these places?
Let me correct some misinformation in this thread. While RJ has an office in Atlanta, there are no capital markets groups there there. STRH is a great bank, but the hours in their Atlanta HQ are terrible, as are the hours working in Stephen's Atlanta office. I'm not 100% sure about Piper's office in Charlotte, but if all they did was keep Edgeview's office and staff there after buying them, there are probably no capital markets groups there either. If you want Charlotte, look at WF. WF has DCM in Charlotte. I believe WF ECM is largely in NY, though I am not 100% sure.
My buddy says he knows someone who is in their ECM group and works something like 9 - 7 every day
Yeah no cap mkts in Charlotte for Piper
SunTrust Robinson Humphrey has their HQ in Atlanta and Raymond James has a decent sized office in Atlanta. Both will offer great work/life balance for an IB job.
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