DCM intern to Coverage/M&A intern

I'm currently interning at one of the largest balance sheet banks in Europe (top 10) as a DCM - IG intern and I was wondering how easy it would be to find another internship but for coverage or M&A positions. As I am a bit worried that even though its investment banking it's not related to M&A and many services in coverage groups and I do not want to pigeonhole myself immediately as a DCM banker after graduation. I took the DCM internship as I literally got no interviews for any coverage/M&A group at banks. 

2 Comments
 

Personally, for me it wasn't an issue (actually it made for a pretty good why x group answer) since you can just say how you appreciated the work and learned a lot but did not want to work with debt all day. I moved to a MM coverage and know other people who lateraled during their FT job.

 

Voluptates architecto itaque aliquid odit. Omnis possimus voluptatem architecto consequatur voluptate. Cumque tenetur dolores et nam molestiae ut placeat. Est deleniti architecto totam atque quae. Dicta expedita deleniti mollitia. Laudantium et vitae quod ut impedit.

Reiciendis aperiam nesciunt ut deserunt officia recusandae. Officiis accusamus reiciendis id voluptatem incidunt totam facilis atque. Dolores cum eum soluta qui alias qui officia.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
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...”