Capital markets IB vs. S&T (sales)
Which is better for exit opportunities and/or a long term career? And opinions in general?
For capital markets IB, I am referring to ECM DCM and lev fin, and for S&T I am referring to the sales side.
Thanks and any opinions appreciated!
Capital markets, although those roles aren’t created equal. ECM is currently in the doldrums, lev fin can be either great in terms of exit opps or meh dependent on whether you’re running the model or functioning more as a true capital market team. DCM has meh exit opps namely treasury or corporate banking coverage, but you can move to IB relatively easily from any of those. DCM is a great lifestyle group.
Thanks for you response, and what are your thoughts on comparing cap markets IB with S&T (in particular the sales side?)
I’m saying I’d take capital markets if exit opps and career are a top concern. Sales is a great place, but it’s tougher to move into IB from there.
I worked in fixed income sales, dealing a lot with DCM then moved to a quasi banking role. I also had an offer from DCM. I would have started in DCM if I could go back. It seems like a good mix of WLB and pay. Exit opps may be slightly more limited there relative to those in IB, however they will be better than opps from a sales seat.
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