Was placed in ECM for next summer, should I be upset?

Hello everyone, upon the placement day I landed in the ECM group which wasn't one of my choices/preferences. Can someone shed some positives on the group or does everything I can search and find on the internet pretty much sum it up.

No exit opportunities etc.

Comments (25)

Funniest
  • Prospect in IB-M&A
Oct 30, 2019

You'll be able to enjoy the NY sunset unlike your coworkers.

    • 12
Oct 31, 2019

If it's an internship, who cares... enjoy the sunset in New York, parties, and possibly a return offer. If you don't want ECM, get the FT offer and ask to be transferred to M&A or industry group.

  • Prospect in Other
Oct 30, 2019

How told you ECM has no exit opps lol

Oct 30, 2019

The internet lol...most of it makes sense. Where else where you be working on public equity financing....I see a lot of people do transition to industry groups however. I just dont want to worry about any of this during the summer.

Nov 6, 2019

Ignore the above, ECM does indeed pigeonhole you so crush it this summer and focus on lateraling to another bank or internally if the firm allows it. You'll only get labeled as an ECM guy if you stay in it full time so you have ample oppty. PM me if you want some guidance

EDIT: This is with the assumption you are looking to transition out of investment banking to a principal investing type of role

  • Analyst 1 in IB-M&A
Oct 30, 2019

Assuming this is WF. It's a relatively good lifestyle but if you're trying to lateral, or exit into buy-side, it's very difficult. Look to switch groups for FT.

    • 1
Oct 30, 2019

Do I hopefully receive a return offer first, accept and then transition or transition prior? I am confused how the timing of lateral moves works while actively focusing on the current role/group assigned

Oct 31, 2019

Varies by bank some will allow you to change team for FT depending on availability. It is possible that you need to do mobility. In any case be a top performer, network a bit with people fron the groups you are targetting and speak to HR to understand what are your options. Coming from ECM you should work with coverage bankers - grab coffee with the people you meet throughout the summer.
Good luck

  • Analyst 1 in IB-M&A
Oct 31, 2019

Deleted

    • 1
Oct 31, 2019

How the hell can an entire group be that bad and just get away with it?

Oct 31, 2019

Can you message me directly please, quick question

  • Prospect in IB - Gen
Nov 4, 2019

Do you have any insight into any other groups at Wells? Specifically healthcare and M&A?

Oct 31, 2019

hey can you pm me

Controversial
Oct 31, 2019

Yes, you should cry yourself to sleep. ECM is a complete non-essential aspect of markets...you will never rebound from this and you will unfortunately have free time to think about it given you will be leaving work ~3 hours before some of your peers in other groups who are paid the same amount you are.

What is wrong with the world?

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Most Helpful
Oct 31, 2019

Lester, I apologize for asking a question and seeking insight from those that have more experience and knowledge than I do.

    • 16
Oct 31, 2019

All of these threads on here ring the same. No ECM is not a bad job nor is almost any if not any FO role in finance. You should not be upset, there are more important things to worry about.

Here's a better way of looking at it: I feel really lucky that I got a FO job. I will work as hard as I can and learn as much as I can. This will be a good experience for me on a number of levels.

The thing here with the college kids thinking if you don't work in FIG at GS that your life is doomed is just so stupid. I'm not saying it to be mean, I just wish you guys stopped missing the forest for the trees.

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  • Analyst 1 in IB-M&A
Oct 31, 2019

recruit for other banks FT, any solid MM in coverage would be better than wells ECM

Oct 31, 2019

Dude, offers are down all over the street. You should be happy you got a good job that you can easily lateral from into the group of your choice within a year.

    • 4
Oct 31, 2019

ECM is not bad at all.

    • 1
Nov 3, 2019
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