Sunday, November 4, 2007

The Life (Or The Lack Of It) of A Investment Banking Analyst

Key Work
  • 1. Preparing all documents and memorandums from proposals/pitchbooks to information/offering memorandum for potential investors

  • 2. Building, running, updating and maintaining financial models

  • 3. Supporting senior personnel during meetings, conference calls and presentations

  • 4. Multi-tasking - On x number of projects at any one time

  • 5. Administrative Stuff - anything a clerical assistant or secretary does

Food for Thought

  • 1. At the MD & VP level, more time will be spent on relationship building and client interaction skills, so it pays to acquire these skills during your analyst days.

  • 2. There have been murmurs of increasing outsourcing and standardisation of research and other technical aspects of the work (e..g financial modeling), in the form of a global research centre to support literally everyone to cut costs. Will the role of the investment banking analyst/associate disappear?

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