Turn on thread page Beta
    • Thread Starter
    Offline

    0
    ReputationRep:
    Does anyone know what are the most common jobs to apply after 2-3 years as an Analyst in Debt Capital Markets in a top bank?

    Cheers.
    Offline

    13
    More of the same.

    What a **** question. Honestly, you kids... why do you want to spend three years getting specialised in something only to then bugger off and do something else?
    Offline

    0
    ReputationRep:
    Why don't you go elsewhere Ben? You're the biggest joke on this entire forum.
    Offline

    0
    ReputationRep:
    For most banks DCM is Investment Grade Corporate, Sovereign and FIG bond origination. I suppose all the quantitative and analytical skills should be easily transferable to IBD. I mean its a lot to do with analysing the market for sizing the debt issues, bond comparables, capital structure analysis; all this is relevant to IBD. If you're looking at PE/VC exits, I doubt they take people with DCM backgrounds but I'm not very sure. Credit Trading (mostly distressed) tends to have a lot of people with DCM/Lev Fin backgrounds.
    Offline

    13
    ReputationRep:
    (Original post by blergh87)
    For most banks DCM is Investment Grade Corporate, Sovereign and FIG bond origination. I suppose all the quantitative and analytical skills should be easily transferable to IBD. I mean its a lot to do with analysing the market for sizing the debt issues, bond comparables, capital structure analysis; all this is relevant to IBD. If you're looking at PE/VC exits, I doubt they take people with DCM backgrounds but I'm not very sure. Credit Trading (mostly distressed) tends to have a lot of people with DCM/Lev Fin backgrounds.
    Given how accounting heavy IBD is, there's definitely a transition... Not sure how much capital structure analysis you actually do, my guess is that you mainly look at ratios downloaded straight from Dealogic/whatever, IBD does the adjustments where you need them.
    Offline

    0
    ReputationRep:
    (Original post by Teenage Pirate)
    Given how accounting heavy IBD is, there's definitely a transition... Not sure how much capital structure analysis you actually do, my guess is that you mainly look at ratios downloaded straight from Dealogic/whatever, IBD does the adjustments where you need them.
    Agreed. Plus, as an analyst you barely do the 'analysing', you simply gather the data and send it to the Associate who sits with the ADs and MDs and decides whether to go for the bond issue or not as in whether there'll be investor appetite etc.
    Offline

    0
    ReputationRep:
    DCM - Mezzanine funds would be a popular route...
 
 
 
Poll
How are you feeling in the run-up to Results Day 2018?
Useful resources

Articles:

Guide to investment bankingGuide to consultancy

Featured recruiter profiles:

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

Quick link:

Unanswered investment banking and consultancy threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.