Why is DCM/ECM not as good?
I'm kind of curious as to why people dislike DCM and ECM groups so much on these boards. Are the exit opps not as good/are the groups just overall not as impressive as Goldman TMT or something? Maybe my perception is wrong, but I'm basing this off of a noticeable amount of posts when I did a search saying to stay away from DCM, etc.
Also, are these groups typically easier to get into because they are less desirable or are they roughly equal?
Thanks in advance
search function
http://www.wallstreetoasis.com/forums/why-is-capital-markets-not-as-goo…
double post
Btw OP, you're in my pic. About to get fuggged up.
what is it with Goldman TMT? I know it's a good shop, but it's not make or break... ppl from megafunds are from a myriad of different backgrounds... I was talking to this guy in the elevator from TPG which is a couple floors above my office, and he was previously a personal injury lawyer before coming in...
i believe you will be exposed to similar exit opps as long as you're from a respectable firm. Going to GS TMT doesn't guarantee anything, it's about your interview, the way you write your resume, the way you present yourself, and a tinge of luck... these megafunds only hire a handful of ppl each year, and i'm pretty sure they're not all or consistently from GS TMT...
//www.wallstreetoasis.com/forums/list-of-common-perceptions-on-wso
I guess its a thing on WSO
Everyone keeps talking about exit options as only mega-buyout funds. If that is your case, then ECM/DCM is not for you. But if you are in college, how do you know you won't like the work as an ECM/DCM?
I never said I'd dislike it. In fact, from the job description it sounds like the part of i-banking I'd enjoy. I was just curious, and I don't care about working for a mega PE fund, but I think I would like to work in PE, even if its at a small shop, someday (either PE or restructuring is my goal). Any comments on how easy it is to break in relative the others?
@Van Buren Boys: Flashes 8 Sign. Also, sorry for that. I did a search (mentioned that in the first post), but I guess I skipped over those somehow. That seems like a recent post, so its strange that I'd miss it. Thanks anyway though.
I'm pretty sure ANY product or industry group at a respectable bank will get you an interview PE, if like you said, doesn't have to be the mega funds.
Leveraged Finance is a product group of Debt Capital Markets. They are highly recruited by PE firms.
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