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Debt Capital Markets (DCM)

W3Global
Boston, MA Full Time
POSTED ON 4/11/2026
AVAILABLE BEFORE 5/10/2026
Position Overview

We are seeking a highly motivated and experienced Debt Capital Markets (DCM) professional to join our Investment Banking division. This role is centered on four core pillars: building and owning comprehensive underwriting packages, structuring credit transactions across asset classes, driving distribution through a high-quality investor network, and sourcing new relationships across banks, private credit, hedge funds, family offices and more. The successful candidate will bring deep expertise in direct credit investment across commercial real estate (CRE), commercial & industrial (C&I) lending, and alternative credit strategies.

This is not an origination role. The expectation is that the candidate owns the full underwriting and marketing process - from constructing rigorous credit packages that withstand institutional investor scrutiny, to personally managing the investor relationships required to execute on distribution. The role demands equal parts analytical depth and relationship management, and offers exceptional earnings potential for professionals who deliver.

Key Responsibilities

Credit Investor Network Development

  • Proactively build, manage, and deepen relationships with a broad universe of credit investors including direct lenders, credit funds, insurance companies, pension funds, hedge funds, family offices, and specialty finance companies.
  • Serve as the primary relationship manager for a targeted book of credit investors, maintaining ongoing dialogue around market conditions, deal flow, and portfolio preferences.
  • Identify and cultivate relationships with new investor segments and emerging capital sources in direct lending and private credit markets.
  • Represent the firm at industry conferences, investor roadshows, and market events to grow the firm's profile within the credit community.

Underwriting & Structuring

  • Own the construction of comprehensive underwriting packages across CRE debt, C&I credit facilities, and alternative credit structures - including mezzanine, preferred equity, and hybrid instruments.
  • Produce institutional-quality credit memoranda, deal summaries, and investment committee materials that clearly articulate borrower risk, collateral quality, cash flow analysis, and market comparables.
  • Provide structuring guidance on optimal capital stack composition, pricing, covenants, and terms in response to deal-specific dynamics and investor feedback.
  • Stress-test credit assumptions and sensitize underwriting models to surface risk factors and support investor confidence throughout the marketing process.

Execution & Distribution

  • Manage the end-to-end execution of debt transactions including documentation, due diligence coordination, investor outreach, book-building, and closing.
  • Coordinate with legal counsel, third-party advisors, and internal teams (credit, risk, operations) to ensure seamless deal execution.
  • Drive distribution of private and broadly syndicated credit deals, matching transaction characteristics to investor mandates and risk appetites.
  • Monitor secondary market dynamics and provide clients and investors with timely, relevant market color and portfolio insights.

Market Intelligence & Thought Leadership

  • Track and analyze trends across CRE debt markets, leveraged finance, private credit, and macroeconomic conditions affecting credit spreads and capital availability.
  • Produce and present internal and client-facing market commentary, including sector outlooks, comparative deal analysis, and investor sentiment updates.
  • Contribute to pitch materials, credit memoranda, and presentation decks for new business development and transaction execution.

Required

QUALIFICATIONS & EXPERIENCE

  • 5-12 years of relevant experience in debt capital markets, leveraged finance, direct lending, credit underwriting, or a related investment banking discipline.
  • Deep, demonstrated expertise in at least two of the following: CRE debt (construction, bridge, and permanent financing), C&I credit facilities, or alternative credit strategies (mezzanine, subordinated debt, structured credit).
  • Established network of institutional credit investor relationships, with a track record of leveraging those relationships to successfully distribute debt transactions.
  • Strong quantitative skills with the ability to build and interpret credit models, cash flow analyses, and capital structure scenarios.
  • Exceptional written and verbal communication skills; ability to present complex credit analysis clearly and persuasively to investors and senior clients.
  • Demonstrated ability to manage multiple live transactions simultaneously in a fast-paced, deadline-driven environment.
  • Bachelor's degree in Finance, Economics, Accounting, or a related field; CFA designation strongly preferred.

Preferred

  • Prior experience at a bulge bracket, elite boutique, or leading middle-market investment bank with a recognized DCM or leveraged finance platform.
  • Series 79 and Series 63 licenses (or ability to obtain promptly upon hire).
  • Experience working cross-functionally with real estate, financial sponsors, or corporate coverage groups.

Compensation & Culture

We believe in paying for performance - not tenure. Our compensation model is deliberately structured to reward high producers at a level that is among the best in the market, while keeping fixed costs lean. Candidates who prioritize guaranteed base salary above total earnings potential are likely not the right fit. Those who back themselves will find few platforms more rewarding.

  • Base salary is intentionally set below market - we attract professionals motivated by what they can earn, not what they are guaranteed.
  • Bonus structure is market-leading and directly tied to deal volume, investor network growth, and quality of underwriting execution - top performers consistently earn multiples of their base.
  • Total on-target earnings (OTE) are among the most competitive in the industry for this role type, with no cap on upside for exceptional contributors.
  • Transparent, meritocratic advancement track with a clear pathway to Managing Director for those who perform.
  • Direct access to senior leadership and meaningful influence over platform strategy as the DCM franchise continues to scale.
  • Collaborative, high-accountability culture where your work is visible, your relationships are your own, and your success is recognized.

Salary.com Estimation for Debt Capital Markets (DCM) in Boston, MA
$146,065 to $223,006
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