PE or DCM for first job

Hi everyone on WSO.

This is my first post here so please be kind.

Just a bit of myself, I recently graduated with an Accountancy degree and I have internship experiences in Assurance, AM and PE. I did my PE stint during my penultimate year and was lucky enough to be offered a conversion for their FT analyst.

However, I am not exactly sure if I want to start my career from the buyside. I have heard that starting at the sell side is better as it provides you with more rigorous training and deals exposures.

In addition, the PE job requires me to spend 2 years in the middle office, before i can transit to the front office. I am not sure if that is exactly what i want.

I currently also have another IBD offer for DCM with a MM bank. I am kinda stuck at a crossroad because my peers are all asking me to stay at the PE firm, as the long term prospects are rewarding. However, a huge part of me really wants to try out the sell side, especially DCM. I kinda like FI/bonds as I was mainly dealing with those instruments during my AM stint and I think DCM is an area that i can excel it.

Salary wise, the PE job pays slightly better. But i am not exactly money sensitive and i am perfectly fine with what the dcm role is offering.

Please help! I am at a dilemma and I really cant decide.

TLDR: I have no prior experience in IBD (DCM), and have to choose between PE/DCM for my first job.

4 Comments
 
Most Helpful

Earum ut ipsa et distinctio quo. Eum non cum architecto quae tempore provident. Voluptas magnam ab est illum mollitia explicabo tempore. Quae atque et tempora voluptatem et quia voluptatem.

Ut accusantium et quia nihil laborum. Ut ratione illum aut.

Earum iusto quod dolores rerum. Qui nisi ut maiores ipsam. Suscipit qui quos porro et similique.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”