A day in the life of a Investment banking Analyst

AUM

I was reading through this small snippet on wall street prep website talking about a day in the life of a investment banking analyst and thought would be really usefull for anyone to know who is into investment banking.

 

  • 9:30am – Arrive to work and check email and voicemail
  • 10am – Continue working on a buy-side client presentation (“pitchbook”) from yesterday.  Since you already finished with the “Public Market Overview” pages last night, you now begin inserting a graphical representation of possible exchange ratios.
  • 11:25am – An associate calls to tell you that you have been staffed on another deal and you’ll need to put together a PIB (public information book) about the target.
  • 12pm – You finish putting together the PIB and get back to work on the original pitch
  • 1pm – You grab lunch with you friends at the cafeteria
  • 1:45pm – Back at your desk, you open up a Merger Model you need to have done for another deal team by the end of the night.  Since you pretty much finished the model last night, you’re now checking your work for bugs, mistakes, formatting, and analyzing various accretion/dilution results based on different scenarios (sensitivity analysis).
  • 3:45pm – Your associate from the buy-side pitch calls and tells you that the VP wants to met in a conference room to look at what we’ve got so far and discuss how to go forward.
  • 4pm – You meet with the VP and your associate.  The MD is traveling on another pitch so he’s conferenced in.  Basically, since the 40% of the target company is owned by an investment company, their consent is vital for the success of the acquisition.  As such, we need to put in a few pages on this investment company into the pitch so that our client (the potential acquirer) understands what he’s up against.
  • 5pm – Back at your desk, you incorporate some of the changes into the pitchbook from your meeting.  You include a profile on the investment company and a page on stock ownership.
  • 7pm – You order dinner with your friends from a big book full of menus that everyone uses on the floor and eat it in an empty conference room.
  • 8pm – Around 8:00pm things usually start to settle down and you can really start focusing on catching up on all the work ou were getting distracted from during the day.
  • 10pm – Off to the gym for a quick workout.
  • 11pm – Back in the office you pull up the merger model you were working on but had to stop because of the meeting in the afternoon. You’re putting the final finishing touches on it and send an email off to your associate letting him know it’s ready.
  • 2am – Call a car and go home

Tough one huh…. Anyways hope we all have learnt something out of it.

Shwetal Gajbhiye

AUM

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