Interview with duffmt6, 2nd Year IBD Analyst, (part 2/2)

Below is the second and final part of an interview with WSO Certified User and 2nd year banking analyst 'duffmt6'. Interview conducted by Asatar. See Part 1 Here.




3) Could you describe a typical day on the job?

There isn't really a typical day on the job, but I'll take you through my Wednesday:

8:15-8:45 - Get settled, read some news, have a coffee, catch up on Dealbreaker...basically nothing productive
8:45-9:30 - Made some updates to a model we are providing to our buy side client on one of their targets.
9:30-11:45 - Work on a CIM for a sell side client
11:45-12:00 - Pick up lunch with the other analysts
12:00-1:30 - Update the financials in a different CIM
1:30-3:00 - Make marketing calls for a client we just took to market. I get allocated the crappiest targets and the Director and VP on the deal take the rest. Mostly get voicemails, send out follow up emails and update the CRM.
3:00-4:00 - Phone interviews for SA program
4:00-6:00 - More CIM writing
6:00-7:00 - Listen in on a conference call between a client and a potential buyer going over unaudited year end financials
7:00-8:00 - Type up notes from call and create an info request list for our client
8 pm - VP tells me to go home because I'm pretty sick

Interivew with duffmt6, 2nd Year IBD Analyst, Part 1/2

Below is the first installment of an interview with WSO Certified User and 2nd year banking analyst 'duffmt6'. Interview conducted by Asatar.

SEE PART 2

1) What is your background and how did you get into investment banking?

I graduated from a top 25-30ish school in 2010 in a quantitative business major (the quantitative portion hurt my GPA a bit - I finished with a 3.65). I had literally no career focus throughout my college career. I was focused on school work, partying and rugby, and not in that order. I lucked into a back office finance internship in my junior year with a well known fin services company through a connection (my cousin) and got a verbal return offer. My senior year I basically missed the boat on full time recruiting, not that I would have landed anything anyways. I interviewed for one consulting position and got destroyed (didn't even know what a case interview was). At that point I had very little concept of what investment banking was - only a couple of my close friends were going into finance and no one in my family was even remotely connected to the industry. I ended up accepting a position in financial control with the company I interned at.