Deal or No Deal?
CF
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(King Kong, 1,259
Points)
on 7/11/12 at 1:00am
Any SAs out there that haven't gotten thrown any deal action yet? I know SAs do the whole researching, pitch books, database updates, and whatnot, but is it normal to be 1 month in and still assigned researching and updating rather than getting to work on the live deal(s) that are going on?
Note: This is my first SA gig and I'm at a smaller firm so I'm not sure what to fully expect.
Any insight from current SAs or seasoned vets is appreciated!






I'm in a small shop myself as
I'm in a small shop myself as a rising junior, but I have been invited to client meetings and work on models and presentations pertaining to live deals...along with the daily role of research, database updates, etc.
It's all about initiative. Ask if you can be included in any live deal activity; sitting in on conference calls, attending meetings, modeling, etc.
its pretty normal. I
its pretty normal. I basically carried bags and served coffee my first internship.
I did a bit of research and modeling but not much. This was at a very good PE fund with tons of deal flow.
Working on deals is something you have to earn when you actually know what you are doing. Next year when my firm called me back, i was able to develop my own thesis on an investment after I impressed them with how much i learned.
Depends. I was with a MM at
Depends. I was with a MM at the time. Had some great deal flow as well as a small team environment.
I recommend you do a crap ton of research and try to jump on any assignments concerning diligence for the clients your firm is working for. They love initiative. Get out of the cubicle and into the corner office!
"Live as if you were to die tomorrow, learn as if you were to live forever."
Seems to be normal in this
Seems to be normal in this market. I've had some deal exposure, but unfortunately it's the luck of the draw as to whether the deal is active enough to provide you with any meaningful work. I've definitely done a lot of research, pitches, and comps this summer.
^^^ yea that guy has a good
^^^
yea that guy has a good point. Deals are down right now. IPO and M&A activity are sucking at the moment. Private placements might be doing alright though.. dunno you probably should check the numbers.