Which product group translates best to coverage?
I’m doing a sophomore summer in capital markets at a mid-tier BB and would like to transition to a coverage group for my junior summer. Which group out of ECM, DCM and LevFin is most translatable to coverage work (M&A product not an option obviously).
To be more specific my preferred coverage groups are FIG and Sponsors, although also somewhat interested in consumer and TMT groups.
Should I just choose the product my bank is best known for to have the most interesting deals on my resume? (ECM is strongest I believe not 100% sure)
Levfin
obviously go levfin
why specifically levfin out of curiosity?
Better exits
Also generally better technical / modeling experience
Can exit to PE, Distressed or Private Credit
How would you rank them in order? (LevFin, ECM, DCM?)
Following
Probably lev fin, dcm, ecm. Debt is more technical and more applicable to PE
Convertible bonds group within ECM is an overlooked group (Highly technical with exposure to both sides of the cap structure). Would put over DCM.
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