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.


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.

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