DCM vs Public Finance
If you were a college grad and had a choice between public finance and DCM, which group would you choose?
I have offers in both from comparable banks (European BBs), but I can't get a good idea which group will be better for exit opps and career growth. I know they both aren't ideal, but is one better than the other?
DCM & its not even close
Really? I actually thought it was pretty close. Don't they do pretty much the same thing, except for different clients?
Not OP, but would the only redeeming quality be WLB for PubFin? I figure dealing with government-type clients makes the hours less demanding or unpredictable. I also believe comp at the junior levels are only a light discount, with heavier discounts later in the career. Depending on the types of deals they get, they could get some cool P3 deals and exit to infra PE. Not sure though
Woah, this goes against WSO rhetoric. There aren’t any exit opportunities from PubFin to PE. Fall back in line now. Thx.
I have worked in Public Finance and had an opportunity in PE from a former manager in the Public Sector. He was very high up and left to go to a senior PE position and we were/are on good terms. So its not impossible. One of my peers left to join PE with him and I was offered the same.
Given the options OP listed though, I'd pick DCM. I thought the Public Sector was slow and boring. It was too easy and the only way to make it challenging was to take on a bigger portfolio of projects and become more efficient. To make partner in Public Sector is to live the easy life - many do not want to leave the predictability and security of the Public Sector.
Minima saepe provident mollitia occaecati distinctio optio. In delectus possimus sit voluptas rerum commodi quaerat fugiat. Sit placeat excepturi in voluptatem labore et quia libero.
Eveniet natus a dolores eveniet. Repellendus qui et quod vel voluptatem. Quia sit dignissimos adipisci dolores voluptatibus quisquam qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...