DCM/ECM Hours During WFH?
Hey everyone, sophomore monkey here.
Given all of the threads talking about how brutal IB is right now because of WFH and record numbers of deals, I was curious as to whether or not the DCM and/or ECM groups are feeling the same. I remember seeing someone comment that ECM has been and will continue to be bad because of how hot IPOs are right now, but I wanted to get the opinion of those who actually work in these roles. Right now I'm leaning towards IB just because I'm risk-averse and very uncertain about what I want to do, but I was attracted towards DCM because I'm not the PE or die kinda person and the hours seem slightly better compared to M&A with a minor pay discrepancy. Can anyone provide any insight as to how DCM hours, lifestyle, exit ops, etc. have been affected by WFH, especially compared to pre-COVID? If they have been, how long do you estimate until things fall back to 'normal'? Any insight would be appreciated
Bump
based on my experience with the ECM analyst I've worked with, I'd say ~90 hours a week, especially if you focus on something like tech / consumer.
Yeah I figured ECM would be about the same as M&A given the current conditions. Any idea on DCM?
dcm is not any better either - 80hrs a weeks is consistent at my bank (top debt group)
Current BB IB DCM analyst. Averaging 75-85 a week from home. Still some fundamental differences in work flow compared to coverage. I have pretty good visibility into my schedule and know well in advance if I have to work a weekend. I’m still very actively busy during the day, virtually no waiting around for comments. But days are very long: start at 7:30, log off around 10-11 on most nights with your occasional 1am-3am nights depending on pitches / deal flow. But when things are slow it’s a sweet gig.
hey man can you DM me? Would like to have your take on something I have been wondering about recently. Thanks!
1st year here at a BB in a niche ECM/DCM group. Working 80-100 hours a week currently. This week on track to hit 105 currently. With the current workload, don’t think the difference in hours between cap mkts and coverage has been much. Seems like we are busier than ever.
Working for an EB in restructuring, with more a focus on debt advisory. 70 hours a week on average, but alot less stressful than my peers in M&A. Had a couple weeks after a deal where I was working 40-50 hours only. In closing its usually 80 but if you enjoy the work it's calm
I heard similar things - restructuring groups seem to be particularly light currently.
Currently an analyst in ECM. 80-90 hours a week.
Whats culture at DB ECM?
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