Worry about yourself more than others. I am in the same situation, but if you land a position that best for your life and career thats what you need to take. People will understand. Just leave with tact and respect ie. dont give 1 days notice. Your working for your own life and career goals, your not there to make friends. People understand this and as long as you act like a gentlemen on your departure there will be no issues. If some pr*ck will give you a bad recommendation, whats the worst he can say... if anything he will look like a moron.

 

yeah..real banking in a real group. Whatever bro... I'm curious..at what BB is any financing group considered middle office?! Please enlighten me. I seriously doubt you can provide any hands-on experience. You're a clown :P

 

I really don't quite understand the need to bash ECM/DCM, and there's no need to turn it into another one of those posts here... I can really give a rat's ass as to how it's perceived, or if it's 'banking'. The question was whether it would help with PE... or maybe a private debt/mezz fund in the case of DCM.

But maybe I should start a new post for my second question...

 
Best Response

Too tired to argue anyway, so here's my point of view. Best shot to land at a PE shop when starting in capital markets is getting into the LevFin group. There are people who made the jump from ECM to PE, but it's def more limited compared to any pure M&A group. If you work in a coverage team (and there's now dedicated M&A group at your bank), your chances of landing a buyside job heavily depend on the type of transactional experience/deal flow you've gained/experienced. For other funds focused on riskier debt financing, naturally try any other high yield group within DCM, as you will get different experience with investment grade DCM coverage groups (sovereign, corporates & FIG). However, banks may be structured differently.

 

DCM is generally known as better than ECM as far as exit ops go. Also, any industry group can give you plenty of experience that PE firms may want, and as we all know GS doesn't even have M&A, so a GS industry group like TMT can definitely get you into a megafund. M&A, Sponsors, levfin, and industry groups are usually great for PE unless its one of the pidgeonhole ones such as energy, FIG, and real estate.

 

Adipisci et cupiditate ad ea aliquid quasi corporis. Quo ut natus autem facere odit et commodi voluptatem. Exercitationem totam ut iure eum excepturi fugiat ut adipisci. Labore earum nesciunt enim reprehenderit molestiae voluptatem iure. Neque praesentium recusandae voluptatibus nisi.

Assumenda et officiis magni voluptatem sunt. Libero sed laborum quos quo in et consequatur. Esse aperiam cum id. Est iste doloremque officia temporibus corporis rerum sit ut. Enim accusamus cumque illum et nihil et voluptate. Nam a quisquam sed similique similique pariatur.

Nostrum natus dignissimos consequatur aperiam libero nisi magnam. Beatae ducimus voluptate et eius non commodi enim. Ex omnis eius quia aut. Nesciunt cupiditate ut suscipit rerum similique et omnis.

Modi mollitia est cumque labore eius natus debitis enim. Deserunt dolores sed a architecto id rerum vero dolor. Sed autem nisi ipsam sunt est.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
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...”