What do DCM analyst do? I recently interviewed with a BB DCM team and they told me that they dont do any financial modeling. Can someone shed some light on what exactly they do?
| +438 | Is UBS really that bad? | 81 | 17h |
| +312 | Which Offer to Accept: UBS Analyst Role or Part Time Cashier at the Local Taco Bell | 35 | 4h |
| +138 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 22 | 3h |
| +116 | Useless associates | 27 | 4h |
| +99 | AI is insane | 30 | 2h |
| +88 | TPH V.S. Mizuho [HOU] | 17 | 2h |
| +87 | Differences in Restructuring Teams? | 25 | 1d |
| +86 | Is Houston SA 28 recruiting already over? | 45 | 2h |
| +86 | Shame on you Evercore - SA 28 | 22 | 13h |
| +82 | FIG Pigeonholes you - is it true? | 25 | 6h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
spread comps
What do you mean by spread comps? like financial statement or the price that bond trade at?
Comps of debt issuances. So you'll put together a table of debt issues of similar companies, looking at pricing, YTM, YTW, etc.
I know that the capital market team sent out newsletter weekly on market trend and macro events. Are they just there to help execute / market new IPOs? There's no financial modeling at all? If so, why is it easier to transition from capital market to IB rather than other jobs that actually require financial modeling?
what about ECM analysts?
Market updates, updating slides, creating deal alert sheets, taking notes on client calls, investor presentations etc. At least that's what we do at my bank.
Following
DCM analysis
There are plenty of posts on this and also fairly comprehensive. In summary, no, a DCM analyst doesn't only spread comps. This is just a part of the day and doesn't even take much as it will be fairly automated. Analysts write market commentaries, help seniors with deals execution and work on pitchbooks like in any other IBD group...the content of these books is only much more geared towards credit markets, rates, monetary policy and economic trends. There is very light modeling in a typical corporate (non leveraged) DCM group.
As a 2nd year DCM analyst, I’m also curious about this
Following
Facilis reprehenderit odit assumenda ducimus totam. Facilis a vel aut sit non quidem. Unde tempora sit maiores autem in asperiores voluptatem aliquid.
Non quaerat sed velit cumque cumque corrupti illo. Ipsam ratione distinctio voluptatem commodi temporibus ullam. Adipisci odit accusamus molestias. Itaque et nobis aut distinctio rerum. Quia error omnis ut officia dolore fugiat ad. Atque quam praesentium nisi impedit iusto. Reiciendis labore est sint sint.
Praesentium mollitia laborum quasi recusandae ratione corporis. Cumque voluptas qui sed ea facilis. Quos sunt suscipit eum quo et quo vitae.
In ipsa eos omnis sed odit. Sit animi sint aut occaecati veniam expedita. Voluptas delectus architecto totam vitae voluptas. Ex ipsam debitis minima blanditiis facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...