What Is An Analyst?
An analyst is the lowest ranking of the front-office roles within an investment bank. Some of the responsibilities of an investment-banking analyst are:
- Creating models, valuations and projections
- Working on prospective and live deals
- Preparing pitch books
Analysts are usually hired into a bank right out of undergraduate studies (either directly or as a result of completing an internship within the firm) and stay there for 2-3 years before either being promoted to associate, leaving for another firm or going to Business School.
Typically an analyst will earn $70,000 as base salary with an additional bonus and will work 80-100 hours a week. Investment banking analysts undergo rigorous training which gives them a large and varied skillset which can be applied to almost any finance role, and this along with their work ethic makes them highly desirable employees.