Job Title: Debt Capital Markets Investment Banking Analyst or AssociateLocation: New York
About the role: Marathon Capital is looking for an Analyst/Associate to join their Debt Capital Markets Team. This Analyst/Associate would have the opportunity to get rare exposure to multiple sides of unique deals at a junior level. They thrive in a fast-paced environment and can handle working on a high volume of transactions. As a new member of a smaller team, this individual is seeking a collaborative environment and is looking to absorb new information while using their previous knowledge of credit, business development and financial modeling.
Key Responsibilities:
- Responsible for the execution of debt advisory mandates, including structuring, terms and pricing of recourse and non-recourse financing
- Involved in the execution process through completion of due diligence, negotiation of legal documentation and closing
- Responsible for analytical work and financial modeling both for debt capital structuring and Sponsor return optimization
- Supports new business development, debt capital raising and other capital-related strategic initiatives
- Leads research efforts to (a) maintain an accurate and up to date database of relevant and comparable market transactions, and (b) design initiatives around new sectors and debt structures
- Creates presentation materials (e.g. decks, CIMs, teasers, etc.) and communications that are sent to investors; collaborates with finance counterparties and legal counsel during the structuring and execution of investment opportunities and capital market transactions
- Support the training and education of other junior bankers on debt financing structures, including terminology, market debt sizing mechanics, financial modeling etc.
- Attend and present at relevant infrastructure and energy conferences for purposes of networking and business development
Skills & Qualifications:
- Has a basic understanding of credit and credit training
- Strong financial modeling skills
- Clear and confident oral and written communicator
- Strong public speaking skills
- Has a broad understanding of credit markets, including bonds, loans, benchmarks (SOFR, Treasuries), and rates
About Marathon: Over its more than two-decade history, Marathon Capital has emerged as a world leading independent advisory bank serving the global sustainable energy, technology and infrastructure markets. Marathon Capital is known as a key thought leader in global energy transition and is consistently viewed as the most innovative bank across clean energy. Marathon Capital is a leading Clean Energy advisor and has been a multi-year winner of M&A Advisor of the Year by Power, Finance & Risk Magazine. Since inception, Marathon Capital has been engaged by its clients and institutional counterparties across all clean energy sectors. The Firm has strong, established relationships with both strategic and financial institutional investors located globally. Marathon Capital is headquartered in Chicago, IL, with offices in New York, Houston, San Francisco, San Diego, London, and Calgary with presence in São Paulo, Madrid, and Seoul.EQUAL EMPLOYMENT OPPORTUNITY
Employment decisions at the Company are made without unlawful regard to race, color, religion, age, national origin, ancestry, alienage or citizenship status, sex, sexual orientation, gender identity or expression, disability, pregnancy, childbirth, and related medical conditions, military or veteran status (including unfavorable discharge from military service), marital status, conviction record, sexual and reproductive health decisions, genetic information, or any other characteristic protected under applicable law. The Company is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company, including supervisors, co-workers, and interns.
FAQs
With this extremely intense work, it is perhaps no surprise that compensation for debt capital markets bankers is very lucrative. The compensation is based on performance, so DCM bankers have a “eat what you kill” mindset. Compensation is broken down into a base salary and year-end bonus.
Is DCM considered investment banking? ›
The debt capital markets (DCM) is a product group within the investment banking division that offers capital raising services in the form of corporate bonds and government bonds on behalf of their clients.
What is the salary of a debt capital markets MD? ›
What are Top 10 Highest Paying Cities for Debt Capital Markets Jobs
| City | Annual Salary | Hourly Wage |
|---|
| San Francisco, CA | $51,234 | $24.63 |
| San Jose, CA | $49,539 | $23.82 |
| Oakland, CA | $48,478 | $23.31 |
| Hayward, CA | $48,395 | $23.27 |
6 more rowsAs a financial concept, debt capital markets are places for companies and governments to buy and sell debt to raise capital or make profits. DCM divisions of investment banking companies facilitate the creation and sale of these tradable debt securities for their clients.
How much do DCM bankers make? ›
Average salaries & bonuses in financial services, 2023
| Sector | Average Salary, 2023 | Average Bonus, 2022 |
|---|
| DCM | $203.8K | $120.1K |
| Asset Management | $181.5K | $102.9K |
| ECM | $208.8K | $93.8K |
| Quant | $178.0K | $101.8K |
14 more rowsApr 3, 2024
DCM Hours. Since DCM sits between sales & trading and investment banking, the culture is also somewhere between those two. In the best-case scenario, you might work close to “market hours,” i.e., roughly 12 hours per day on weekdays.
Is capital markets a good career? ›
Roles in capital markets trading are fast-paced, competitive, and very lucrative for those who have the right skills.
What are the hours for a DCM analyst? ›
You will work more regular and shorter hours in ECM and DCM than in other investment banking groups. On average, you might work from 7 AM to 7 PM, so you start earlier but also finish much earlier. There will be occasional spikes, but you're far less likely to get forced into all-nighters or weekend emergencies.
Does DCM do underwriting? ›
Debt Underwriting and Syndication
For DCM, there is a distinction between bought deals and agency deals. When banks underwrite debt, the risk can be with the banks (bought deal) or with the issuer (agency deal).
Does capital markets pay well? ›
Typical Salary Ranges
According to Payscale, capital markets analysts in the US earn: Entry-level (0-2 years experience): $55,000 - $90,000 base pay. Mid-career (5-10 years): $80,000 - $120,000 base pay. Experienced (10+ years): $95,000 - $160,000 base pay.
Average DCM Inc. hourly pay ranges from approximately $11.85 per hour for Seasonal Associate to $22.45 per hour for Performer.
How much do capital markets analysts make in DC? ›
As of May 16, 2024, the average annual pay for a Capital Markets Analyst in Washington is $76,431 a year.
Is DCM LLC legit? ›
Yes, DCM Services is a legitimate company that has been operating since 2006. They are accredited with the Better Business Bureau (BBB) and currently have an A+ rating.
Why do you want to work in debt capital markets? ›
DCM is all about large deals, high flow, low risk and simpler modelling. ECM deals are more complex, there is more uncertainty, and higher risk, but the deals are fewer as well. The global debt market dwarfs equity markets by a considerable margin. Salaries are comparable and the hours are usually better for DCM.
What is the difference between debt capital markets and capital markets? ›
Equity Capital Markets and Debt Capital Markets are examples of product groups. Both of these groups help their clients raise funds but in different ways. As implied by the name, in the Equity Capital Markets group, bankers focus on raising equity for clients. Debt Capital Markets group raise debt for clients.
How much does a DCM MD make? ›
DCM bankers receive pretty much the same base salaries at all seniority levels as those in ECM and M&A, according to figures from executive search firm Options Group. First and second-year associates earn $100k-$125k and if you make it to MD your pay can reach up to $600k.
Is debt capital good or bad? ›
Debt financing can be both good and bad. If a company can use debt to stimulate growth, it is a good option. However, the company must be sure that it can meet its obligations regarding payments to creditors. A company should use the cost of capital to decide what type of financing it should choose.
