Saw that Stephens is hiring for their DCM team in Atlanta. Can someone explain what DCM at an advisory shop would entail? Is this mostly private placements with direct lenders since they don’t have a balance sheet to underwrite deals? Any idea what comp would look like?
| +166 | How to stop feeling like shit for not making it in IB? | 63 | 2s | |
| +121 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 7h | |
| +85 | Updated LA Banking Scene (2024) | 61 | 3h | |
| +40 | Ranking banks that went under | 24 | 3h | |
| +38 | Burnt Out M&A ASO | 20 | 3h | |
| +36 | Relevance of A-Levels for U.K. London recruiting | 25 | 1h | |
| +33 | A strategy for SA applicants late to the game like myself | 17 | 2s | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
They advise clients on any type of debt financing, a lot of times tied to M&A, but can also include refinancing existing debt. They will run a process similar to a sale process where they go to multiple lenders and help the company negotiate terms and best pricing and ultimately choose an underwriter.
How is this different from LevFin?
DCM is investment grade financing, LevFin is not
so for dcm you help provide finance for ig companies, and for levfin you help raise money for riskier companeis?
yes
You can see their tombstones on their website. It’s a lot of private placements for finance companies. They’ll get involved in other places as well. I’ve seen non balance sheet firms lead syndications and essentially they’ll manage an RFP, press for aggressive pricing and terms, and assist some with advisory.
Vero eaque quia quia magnam voluptatum. Voluptatibus eveniet impedit quia cumque tempore.
Accusamus eaque voluptatum aperiam ab. Libero laboriosam et deserunt iste illum. Et et recusandae ab excepturi nihil consectetur optio et. Molestiae praesentium cumque incidunt atque quo et corporis enim. Occaecati et consequuntur id eum. Omnis a consequatur officia qui alias officia. Nihil iste in voluptate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...