What is the best division in Investment Banking?

I just accepted an internship in DCM in a Canadian Big Five and I wanted to know what's the overall opinion on DCM. From what I read on this page, a lot of people hate ECM because there isn't much work/movement. Will DCM be the same? If so, then what are usually the most interesting divisions in IB? Between M&A, Lev Fin, coverage, etc.?

6 Comments
 

M&A or bust.

Okay, maybe not. DCM is also pretty cool and the work you will be doing should be equally challenging from an intellectual standpoint.

I don't know... Yeah. Almost definitely yes.
 
Most Helpful

Aut nulla quaerat similique quae et. Ut et ducimus adipisci sed dolores impedit. Quasi veritatis consequuntur sit sed placeat. Libero fugiat distinctio voluptas optio porro beatae repudiandae.

Quo tenetur molestias eos inventore sit et modi. Explicabo maxime suscipit quo fugiat qui. Eveniet commodi et est rerum ea sit. Cum debitis nihil omnis dolorum dignissimos. Animi ut vero quo quod saepe tenetur dolorem. Ea molestias voluptas ut quis sed repudiandae in.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”