Thoughts on moving to DCM (High Yield) - #1 firm in the country for HY bonds
Hi guys,
Have been at a BB in IB for 1 year and 7 months. Hours are killing me and I am thinking of moving into a non BB within their DCM IB department which is the leader within HY bonds in the area.
Currently not learning that much at my BB as there is 80% admin work and also have totally brutal hours (new bank have better hours). Thinking it would be a good idea to spend some time at the new banks DCM / HY department to finally obtain 3 years of IB on my CV to later move to PE / HF or Private Credit. Already bave the BB brand on my CV and graduated with a Bachelor’s degree and Master’s degree from top target schools in Europe (based there). If I would to continue at my BB I would be burned out very soon and a large part of the team is leaving at the moment (bad momentum and mood at the desk). Also have a bad relationship with a senior who is a total douchebag.
What are your thoughts? Does it look bad to move from the BB to a HY department at a non BB (for around a year) before moving to another gig such as PE / HF / Private credit for future career prospects?
Thanks!
Bump
Just recruit right now for the buyside. Market should be hot enough for folks like you honestly. No need to do the 1 year interlude
I know but have not had enough M&A experience as I have primarily done IPOs (closed 3 this year)…..but you may have a point there
Honestly doesn't matter. M&A experience is always great, LBO and leverage finance obviously better as well. IPOs are kind of useless from a transactional standpoint but still valuable insofar as you get detailed company insight etc. and can relay their story and whatnot. If you have been in an M&A pitch or tangentially touched some M&A, put it on your resume and learn as much as you can about it. Embellishing that way doesn't hurt.
You should be good to move to PE I would think. Private Credit too but they seem to really like people from Lev Fin and then RX for some reason (I mean obviously, but I mean they tend to discount even M&A and coverage folk)
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