Ventajas
DC does try to train staff at all levels. There is potential to get good deal exposure if you are in the right team and with the right people. There is a generous pension scheme is in place.
Desventajas
A cliquey and stuffy working environment. A lot of homogeneity of the floor. For example, all MDs are of a similar profile and there is a serious lack of female bankers. Firm strategy is opaque, I doubt anyone junior knows what DC wants to be. How will the firm grow? How will this be achieved? Curiously, rank is very important and sense of self-importance is high among the mid-ranks up to Director when they should remember this is not a movie. Demoralisingly low pay relative to inferior mid-market firms, let alone bulge brackets. There is a model of the old boys disproportionately pocketing year after year. I hope the difference in pay is clear as the firm dupes people despite demanding brutal hours at times. Fairness is certainly not a tenet of the firm. The pathetic pay results in petty point-scoring, lack of teamwork and undermining of fellow colleagues to one up each other for the “appraisal” system. Shocking inefficiencies for a firm of this size. Despite the number of the teams and staff, there is no concerted effort to collate the vast amounts of information and knowledge. For example, sporadic information is still kept on Excel trackers and endless internal paper shuffling. Quite remarkably, there is not a reliable source of something as rudimentary as a record of all deals DC have done. The firm also refuses to pay for good information resources preventing quality analysis that is required to win business. This leads to DC generally being the wooden spoon to the likes of Rothschild. Currently the firm stays afloat thanks to less than a handful of bankers. The firm needs a complete overhaul because they will be outmuscled by the Americans and cheaper accountants.