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    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?

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    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?
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    Why don't you go elsewhere Ben? You're the biggest joke on this entire forum.
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    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.
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    (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.
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    (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.
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    DCM - Mezzanine funds would be a popular route...
 
 
 
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