ECM

Currently 7 months in ER and have realized that I do want to be a career banker. I picked ER ONLY for the highest amount of Exit opps (and my love for public markets). MD told me that Equity Sales and ECM make more (especially bonus). Hence, I'm looking to change into either ECM or Sales. Now I do...

07 Jun 2022

Can someone explain to me what a senior (VP, Director, MD) does in ECM origination (presumably with a sector focus)? What does the day to day look like in terms of work? Any insights on what comp looks like? I can find high level explanations with a google search but nothing beyond: "they...

01 Jun 2022

This may seem like a stupid question, but I am just going to ask it anyways. I have done most of my networking for S&T and AM but am switching gears towards Capital Markets. Was wondering what questions are appropriate for CM calls? Is it similar to S&T like "what are you following in the market?"...

25 May 2022

Hey everyone, I recently received an offer from bofa's ECM NYC team and DB's SF Tech coverage team. Which one would you take and why? I am from the Bay Area so I kinda wanna get away from

15 May 2022

Curious about the outlook of EVR's ECM division and the culture there. Saw that they have grown out the division as well as EVR ISI. Seems like they have added capabilities in this division and looks well positioned to continue to grow overall

10 Feb 2022

How would you answer this during interviews - Why do you want to move from ECM to M&A? How do you sell your ECM experience to come off as a strong candidate?

09 Feb 2022

I am beginning to start narrowing down what division to recruit for SA 2023 and ECM has piqued my interest. I wanted to ask y'all what it is really like before I start making some networking calls. So I'll just throw some bullet points down of the things i'm curious about. Why did you choose ECM? Is...

30 Nov 2021

Hey people, does anybody know (especially ECM people), what do the following phrases mean in the context of an IPO? -1x1 hit rate or 1x1 conversion rate -customer alpha? Many thanks!

13 Nov 2021

Received an ECM analyst offer at a MM firm - for a role in ECM syndicate team My background: big 4 chartered accountant, currently work at small real estate firm in corporate finance (debt/capital raising/budgeting/some m&a analysis) I had originally planned to stick at RE long term and try and move...

12 Nov 2021

Hi! Currently interviewing with a Chinese IB in HK for a role in their ECM syndicate team - can anyone provide more information about what the ECM syndicate team does in particular and how it relates to other parts of the ECM team? Also keen to hear how people view longer-term career trajectory of...

07 Nov 2021

I'm currently in coverage but interested in capital markets. I really would like Ecm but also open to dcm. The problem is that I want to leave nyc. Are there any decent capital markets groups outside of nyc/sf/clt? Looking to be a career banker so don't care about exits.

31 Oct 2021

After speaking with some people in Equity Sales and Trading, it seems as if 80-90% of their time/workflow is directed at ECM work in hot IPO markets. That being said, I'm curious to hear if anyone has made the transition from Equity Sales to Equity Capital Markets, or knows of any stories.

08 Oct 2021

Hi WSO, I am currently in a situation where I have to make a decision on which Internship I will be doing next. Today I got an offer for an ECM Origination role. Team seems to be a good fit, but I am not sure since I have worked on a smaller team before where origination and execution happened...

05 Oct 2021

Hey guys, I've been doing a bit of research recently around ECM fees. There seems to be quite a bit of information around issuances pricing (underwriting fees typically 1-7% pending size of offer and what market the deal is occuring in), I havent however been able to find really anything describing...

25 Sep 2021

Hello, I'm looking to intern at Morgan Stanley in Global Capital Markets. I would love some advice on whether I should try to place into Equity Capital Markets, Debt Capital Markets, or Leveraged Finance. I know the teams on DCM and LevFin teams the best. If I do LevFin, I feel quite certain I will...

14 Sep 2021

Hi everyone, Curious whether anyone has any insight into Evercore's US ECM team? Through a LinkedIn search, very few people pop up in this team and it's mainly senior professionals. Thank you!

26 May 2021

Hi everyone - would love to hear about Nomura and how they compare to their competitors. Additionally, how do their M&A and ECM teams perform? Thank you!

24 May 2021

Hi monkeys, I have 1.5 years of experience in PE as a junior analyst. Moving on to greener pasture for some reasons and get an interview for the ECM position at a MM IB. Anyone with experience from PE to ECM in a mm IB? Also, finding it a hard to time justify why ECM group when preparing for the...

10 May 2021

Hi everyone, I'd love to hear more about Jefferies' ECM team, such as their deal-flow, comp, exit opps, etc. Thanks!

04 May 2021

Hi guys, I was searching on LinkedIn and found that Deutsche Bank has very few ECM people. Curious as to what happened to it and its current situation? Thank you!

30 Apr 2021

BB ECM interview tomorrow. What should I prepare for specific to ECM. Comfortable with M&A, valuation stuff

29 Apr 2021

Hi all, I am a 1st-year analyst at a BB IBD Capital Markets Team (think ECM/DCM) looking for advice and perspectives on getting out - currently debating between recruiting for smaller MM IBD or re-recruiting by doing a master's degree (think LBS/LSE/MIT/HEC). Some background: Completed my summer...

29 Jan 2021

Hi guys. I was wondering what the role of an ECM syndicate desk is within a hedge fund. I understand their role within investment banking but I'm struggling to see where they would fit in at a HF? Thanks

22 Jan 2021

What are the differences between ECM and DCM in terms of work hours, exit opps, salary, etc? I am looking into a career in ECM or DCM and was wondering if anyone could provide input. Thanks!

12 Jan 2021

I am a sophomore currently at Indiana University Kelley School of Business. I have become more passionate about capital markets (not sure DCM or ECM yet) over the past few months and want to take this summer to see what fits me. I have not had any professional experience in the finance industry but...

05 Nov 2020

Hi monkeys - wondering if anyone here was around in 2008. Have a odd question: what happens if issuance markets completely close? For example, after 2008, the IPO market was dead for 2-3 years. What happened to the armies of ECM ppl at banks? Were they just printing paychecks? Sounds expensive, but...

13 Oct 2020

Hello all, if you had the opportunity to choose between either of these opportunities (Laz/Evercore ECM) versus (Bain Cap/KKR/Oaktree Credit), what would you consider as the pros and cons of each? Different experiences and different sectors, but great opportunities regardless, and curious what...

08 Oct 2020

Just got an invite for a first round today. Was wondering if anyone else got it, and had any insight onto what the process is like and what potential questions may be?

02 Oct 2020

Does anyone have any experience lateraling to an elite boutique or bulge bracket for ECM? I am curious what type of technicals will be asked and what not, I have been out of the game since my SA recruitment process. Any advice would be much appreciated!

10 Sep 2020

Does anyone have any info regarding culture, deal flow, or comp? What subsector is the strongest in the group?

04 Aug 2020

The answer to this question might sound obvious but hear me out. There are currently very few openings for asset management in the specific country that I want to apply. This has led me to consider other sectors that I was not considering before. Right now there are great opportunities in ECM, and I...

09 Jul 2020

Are there any banks that hire ECM and DCM directly from MBA programs? If not, how hard would it be to move over after a year or two in a coverage group?

07 Jul 2020

Hey, can someone let me know your thoughts on each respective group. I know the differences between what the groups do, but which would you choose and why

06 Jul 2020

Is anyone aware of a dedicated or boutique digital health/ healthtech banking or ECM group (firm or team) in the US?

24 Jun 2020

Does this team sit in NY or Nashville? Seeing quite a bit of activity for both locations on LinkedIn.

15 Apr 2020

What are the best books to learn about Equity Capital Markets? I am currently reading Straight to hell by John LeFevre, and also previously read Liars Poker by Michael Lewis - both of these are about DCM/Bonds trading/Credit Sales etc. I am looking for something similar from ECM space. Otherwise,...

29 Mar 2020

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.

30 Oct 2019

Hey guys, I'll be starting in an ECM group at a BB after doing my SA stint in a LevFin group. Which skills should I be focusing on to make sure I can hit the ground running in my ECM group? Which valuation techniques are used the most? Would appreciate feedback from anyone in ECM. Thanks.

19 May 2019

I'm thinking of trying to transition into ECM from M&A as the job seems really interesting. I was wondering whether any of you please have any insight into how it would affect exit opportunities?

07 Mar 2019

Dear all, I started as an ECM off-cycle analyst in January at a top-European IB. I have already done many slides, worked on equity story and valuation topics and I assist VPs on 80% of client meetings (IPOs, equity PP, equity-linked, capital raise etc). However, many conference calls take place on a...

01 Mar 2019

Edit: Thank you everyone for your response. Now I'm just writing to fill up the space and use up the minimum character limit.

03 Dec 2018

I have a 2nd round interview for an origination role at the ECM arm of a boutique. They told me the interview will last x amount of hours and that it's between 2 partners and some associates. Is it okay for me to ask what to expect the interview to be like?

18 Dec 2018

I pulled a hail mary and spat out a 32 page industry and equity research report with my own research, original thinking and thesis. I ended up walking into a small boutique and spoke with the MD of ECM and handed him my research report. Followed up with him and he emailed me back asking to come in...

27 Nov 2018

As a rising junior, are there any specific steps and resources I should prioritize to be able to specifically pursue M&A or ECM (other than of course preparing for regular IB interviews). Most boutique firms solely focus on these two relative to BB. I am currently pursuing Evercore/ Lazard/ Moelis...

17 Jun 2018

Has anyone interviewed or interned with Guggenheim's ECM division? Have a phone call getting set up with someone in the division, would love to hear more about them.

01 May 2018

So, there is this guy who works for a bulge bracket bank in London as an IB analyst and probably made one of his biggest mistake in his career so far. This week we received an e-mail with highly confidential information from him. Well, to put it in context, both our banks are part of the same...

11 Mar 2018

Hey guys, I have an interview for Scotiabank's 'Capital Markets' summer internship. I was originally confused by what they meant by this(ECM/DCM???) so I shot them an email. They said that "The Capital Markets role, sits within Global Capital Markets within Origination. ". Can anyone care to explain...

04 Jan 2018

Hey guys, So a little background about my self. I am recent graduate currently looking for full-time opportunities in investment banking in Toronto. I recently did my first round at Scotiabank for their ECM group and heard back immediately after to attend the superday the following week. I have met...

15 Oct 2017

I know there is a lot of information on the board as to what ECM is, but I'm having a tough time answering why ECM group over DCM, coverage groups, other product groups, etc. To be honest, it wasn't my first choice, but beggars can't be choosers. As far as I understand, in the ECM group you are...

30 Jan 2017

Got an offcycle internship at GS ECM HK, already did a summer at Citi ECM HK without return offer. Currently not BB full time offer. Long term goal is to move into PE, is it worth for me to do the GS offer just to get more recruitment information about opportunities in HK the coming Spring or wait...

18 Dec 2016