Corporate Finance in Middle Market vs Large Cap
Hi all,
I started an analyst 1 position at a lower middle market boutique in NY last September (Is a small firm c. 50 professionals, covering 3 sectors), we operate in the lower MM spectrum (deal size between $20m and $120m), and I must say that I am hating every aspect of my job.
I pursued a career in banking because I have always been fascinated about the markets, and I was very good at Corporate Finance and accounting at uni. However, after 9 months into the job, I have not done a single DCF analysis.
I spent all my time arranging calls (basically acting like a PA), doing some market mapping, and preparing slides for IMs or pitchbooks, and doing all kinds of random tasks, but my job is absolutely zero corporate finance-related. I do zero financial analysis, zero modelling, zero valuations, zero LBOs, no merger accounting or modelling, to give you an example I haven't use merger market in 3 weeks, everything I do is just project management and nice slides.
I am thinking about transitioning to large cap banking, and get a job at a BB or a second tier bank. I understand that the Project Management part of the job is unavoidable everywhere, but do junior analysts working on upper middle market and large cap also experience this?
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