Sales and Trading to DCM

I am a first year MBA student and I have a summer internship in Sales and Trading at a BB. What are my chances of getting a full time job in DCM? If I do an internship in S&T does it still leave my options open for other roles in a BB or will I have to take up a full time job in only S&T?

15 Comments
 
Best Response

If your firm loves you you can most likely switch. But why? DCM = lower pay and longer hours. But busting your balls aside, I know people who have done it. I had a friend from my b-school class who did an IB internship, got a full-time offer, and then told the firm he hated IB and would only accept the offer if he could get DCM or S&T. He ended up pulling it off. But I'd get the full-time offer first, because I've seen people bring this up early in the summer then get shafted.

 

Cool... Why does it normally happen, what's the rationale?...

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.
 

Work on actual deals, develop more of a managerial work set, layoffs less often since you cover a few industry verticals...

Laterals happen more often then MBA new hires.

WSO Vice President, Data @JustinDDuBois
 

so it's totally feasible to work in S&T for x years and then make the case for a CM gig...?

Thanks.

I imagine this varies by bank...

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.
 
jtbbdxbnycmadso it's totally feasible to work in S&T for x years and then make the case for a CM gig...?

Thanks.

I imagine this varies by bank...

]

Doesn't really vary much by bank. Easy transition

This to all my hatin' folks seeing me getting guac right now..
 

Accusamus nisi necessitatibus ipsam aspernatur quae suscipit. Maxime eos autem ut voluptatum est quae. Vitae molestias quam maiores ut perferendis. Voluptatem est omnis et ut aliquid.

Sit consequuntur in sunt dicta numquam magnam. Recusandae corrupti ut quam sed architecto ea. Minus eos voluptatem error quaerat quibusdam. Eligendi rerum qui rem maxime saepe minima. Est amet inventore aliquid pariatur.

Culpa adipisci consequatur labore voluptatem. Officia aspernatur impedit rem delectus. Cum at aut doloribus odio reprehenderit distinctio. Quod architecto quidem a recusandae voluptas. Voluptas aut et quia facilis eligendi inventore. Commodi ex placeat minus at. Itaque placeat quas vel repudiandae aspernatur cumque quod minima. Illo maxime architecto aut alias optio.

Voluptatem vitae inventore maxime nulla aperiam ipsum qui. Fugiat nam eum illo et consequatur. Qui corrupti sit vitae dicta quia laborum. Quo ullam perferendis nihil vitae nisi expedita. Id aperiam dolorem consequatur non nihil. Non qui delectus aut sed quae.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
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...”