Deciding between FT offers at a MM in IBD (think Cowen, Piper Jaffray, Jefferies) or ECM at a BB. After 2 years in ECM I'd have the option to move to a coverage group in IBD at the BB. Mostly interested in talking about exit opps.
So, better off after 2 years of IBD at MM or 2 years of ECM and 1 of IBD at BB?
Also, would it be worth it to try and lateral in IB from a MM to a BB or would that be harder than moving internally from ECM?
Thanks in advance
Exit options in equity capital markets vs investment banking
There are two things to consider when comparing equity capital markets at a bulge bracket to a middle market coverage group.Skills gained and brand name.
If career optionality is your goal you focus on a skillset that is more widely marketable.
Capital markets groups offer a more niche skill set. So the question becomes, does the brand name of the bulge bracket outway the skills gained in a coverage group?
- Weigh the skills gained to the brand name. Which one is more likely to get you to you're mid to long term career goals?
from certified user @Whiskey5
I'd still recommend the MM offer over your ECM specific offer. I am a firm believer that at the beginning of one's career, "branding" is not nearly as important as developing the technical skills you need to advance. Branding, of course, is relative. If we're talking a two-man boutique vs a BB ECM offer, yes, I'd take the ECM. Clearly, this is not the case.