MM vs. BB Capital Markets

Hi all, I just want some advice on what to do. I am a rising senior at a target school and I am currently interning in the Capital Markets Group at a middle market bank. I am not interested in PE or HF or M&A so please don't start talking about those jobs. I am interested in ECM and DCM because of the better hours and less brain intensive work (no modeling). Essentially, Im just trying to make money (As I am sure 95% of us are).

With that said, I think I am doing decently well at my internship and I would like your opinion on:

1) BB vs. MM Bank for Capital Markets (DCM/ECM) -- The bank Im working at is good, but what is the benefit of working at a BB bank? Will it yield any significant differences in pay?

2) Which combination is the best? DCM at MM, DCM at BB, ECM at MM or ECM at BB?

3) I am a southern kid and would prefer to stay in the south. I am currently working in New York City right now and I don't like it here. I would prefer North Carolina, Richmond, Atlanta or Houston.

Basically, I looking for a company that I can work for a couple of years (3-4 max) where I can get good income and then move onto something that may or may not be finance related. I am not too worried about learning set skills in modeling or valuation. All I really care about is the pay and location.

 

If you are choosing between PNC, BB&T, and STRH, I would go with STRH by a mile. Do you have offers from any of these places?

Let me correct some misinformation in this thread. While RJ has an office in Atlanta, there are no capital markets groups there there. STRH is a great bank, but the hours in their Atlanta HQ are terrible, as are the hours working in Stephen's Atlanta office. I'm not 100% sure about Piper's office in Charlotte, but if all they did was keep Edgeview's office and staff there after buying them, there are probably no capital markets groups there either. If you want Charlotte, look at WF. WF has DCM in Charlotte. I believe WF ECM is largely in NY, though I am not 100% sure.

 

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