# Debt Capital Markets (DCM) Explained

Page: https://stenobird.com/podcast/market-maker-3553881/debt-capital-markets-dcm-explained
Text version: https://stenobird.com/podcast/market-maker-3553881/debt-capital-markets-dcm-explained.md
Podcast: [Market Maker](https://stenobird.com/podcast/market-maker-3553881)
Published: 2026-06-18T05:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/amplify-me/episodes/Debt-Capital-Markets-DCM-Explained-e3ktq66
Audio file: https://traffic.megaphone.fm/APO9567846082.mp3
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JSON: https://stenobird.com/v1/public/podcasts/market-maker-3553881/episodes/debt-capital-markets-dcm-explained
Duration seconds: 994

## Resource

In this episode, we shine a spotlight on Debt Capital Markets, a crucial yet often overlooked business function within major investment banks like J.P. Morgan, Bank of America, and Citi. Join us as we demystify DCM, explaining its unique role within investment banking divisions and the essential personality traits that make individuals well-suited to this area of finance. From structuring bond offerings to advising clients on debt issuance strategies, DCM professionals play a vital role in facilitating capital raising for corporations and governments worldwide. Get ready to dive deep into Debt Capital Markets and uncover fresh insights into the ever-evolving world of finance. (00:00) What is DCM? (05:50) Working in DCM (08:36) Skills of DCM Analyst (13:48) DCM Progression (14:59) Salary Progression

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## Transcript

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