If your goal was to work in IBD someday either in M&A or Acquisiton Finance among these three non-IBD offers what would be the best?
1.) ECM at Opco.
2.) Structured Finance at BNP.
3.) GTS with Citi
4.) non-paid non-offers M&A internship at a no-name boutique
All these offers are in NYC except for the last one in DC and I believe I can get that one for the fall as well after the summer.
I'd appreciate any advice.
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Number 2. What is GTS?
Global Transaction Services.
Is GTS and ECM both considered middle-office? Isn't Structured Finance middle office?
ECM is a FO position.
I did a structured finance summer at a different bank and actually got a lot more out of it than i thought i would. You will be well prepared for anything credit related moving forward as well as having much much stronger modelling skills.
If ECM is FO than I think I'm taking it.
If you read the peice they have on Structured Finance in Mergers and Inquisitions it seems like there is ZERO exit ops outside of Structured Finance and you'll be in it forever.
Also ECM seems to really be involved with IBD from this post: //www.wallstreetoasis.com/forums/what-are-equity-capital-markets
If ECM is FO than I think I'm taking it.
If you read the peice they have on Structured Finance in Mergers and Inquisitions it seems like there is ZERO exit ops outside of Structured Finance and you'll be in it forever.
Also ECM seems to really be involved with IBD from this post: //www.wallstreetoasis.com/forums/what-are-equity-capital-markets
double post
are you fucking retarded to think ECM is middle office?
I read somewhere on this forum that ECM was MO. It was all just confusing
You sure you got ECM? Sounds like you have no fucking clue what you are doing.
Someone here is retarded. Either the OP or the Oppenheimer/BNP hiring managers.
Somewhere in an attic there's a portrait of a really intelligent version of you.
1 or 2. I would personally go with opco ECM unless you want to get into lev finn or a credit/distressed HF/PE then i would go for BNP Structured Finance. by the information you gave me i can tell you all of them are FO.
Guys give me a break, I read every article on M&I about IBD M&A and prepped for everything relating to M&A hoping I would get a shot at it.
There isn't a lot of talk about ECM on these forums and there wasn't a site that CLEARLY labeled each department as front office or back office (except for the most obvious ones like operations or acquisition finance etc that are easy) so I just wanted to make sure.
I obviously googled and read up on the corporate site about what they do in ECM and used the search on these forums. There was just a lot of contradicting information.
Damn you hardcore M&A. can u teach me accretion / dilution pls?
Dude, are you the kid with the sketchy ass PWM resume? I think I remember having legit questions regarding your "experience" there... I'll ask HR to pull your resume tomorrow.
And Flake, I'm SB-ing you, bud.
Yea it is, kid is fake as shit... check out his profile: http://uk.linkedin.com/pub/dorian-key/28/544/145
He claims to have done leveraged finance at SBSCO... lol
A couple months back he claimed to be an intern at Blue Heron Capital, a small PE shop, then he took it off.
Kid's GPA is around a 3.0, last time I checked min GPA at most firms was 3.2/3.5
He claimed to be doing IB at Oppenheimer a while back but that also turned out to be a sham, he was apparently at the wealth management branch. smh
I eat pieces of shit like you for breakfast.
looks like your life's fucked. save yourself the time and effort and just hang yourself now, Darwin's eager to meet you.
also wtf is a non-paid non-offers job? how do you plan to pursue it if its "non-offers"
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