I recently had a final round interview to a leading IB corporate finance team (i.e M&A and IPO team) in my region and narrowly missed the spot. However, they asked if I'd be interested in their capital markets internship (mainly DCM) and I said sure. They're basically looking for interns for the following three teams:
- Debt Capital Markets helps corporates, banks and sovereigns to raise debt capital from international markets.
As an intern, you will have an opportunity to work with investment bankers in client and project teams
- Markets Equities is responsible for sales, trading and research in Equities, Exchange Traded
Derivatives and ETFs. As an intern, you would be working mainly with our Equities Research team on projects
and helping analysts on their daily work
3.** Client Advisory** provides tailored product neutral strategic financial advisory to the largest corporates and
institutions. Our goal is to enhance strategic dialogue with our core customers and ultimately to create new
business opportunities for the bank. As an intern, you will have an opportunity to work with investment bankers
in various interesting client projects.
I'm not sure if the idea is that you try each one out as it is a bit longer internship. So my questions is which one of these teams would be most useful when considering exit opportunities so to speak?
Any advice on interview prep would be appreciated as well. I know there will be a member of each of those teams present and have 4 days to prep. I've done few IB corporate finance interviews so fairly prepared in that regard. However, I am clueless when it comes to capital markets. Probably should look at bonds, exchange rates, gdp growth etc.?