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So, my first day is going to be in a week in a MM as an IB Analyst. I was just wondering what my day will look like?

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Comments (21)

  • GS's picture

    WELCOME TO THE THUNDERDOME

  • TonyPerkis's picture

    a whole lotta this

    I eat success for breakfast...with skim milk

  • RichardPennybags's picture

    expect no respect

    "Every man should lose a battle in his youth, so he does not lose a war when he is old"

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  • Mr Hank Scorpio's picture

    I have no idea what you guys are talking about. Can someone give me some insight? lol

  • SirTradesaLot's picture

    I can help: they will be serving double decker shit sandwiches for breakfast, lunch, and dinner, but not just on the first day.

    adapt or die:
    What would P.T. Barnum say about you?

    MY BLOG

  • adapt or die's picture

    Find the biggest guy you can and knock him out or become someone's bitch

  • BBnkr10's picture
  • Asatar's picture

    Serious answer incoming.

    You'll probably have a morning of presentations, meetings and introductions showing you some of the main people in the office, some of the support staff (read - the people who will do your PowerPoints while you dash home to sleep, treat them well!) and HR people.

    You'll probably go to your desk around 11-12 and then get set up with IT, introduced to the team (assuming you didn't intern with them), maybe even get taken for a lunch if they're nice, and an Associate will give you some busy-work in Excel / Powerpoint which isn't that important but will tell him whether you are a moron or not. Send a very brief circular email to the group (1-2 lines absolute max) introducing yourself and giving out your mobile number.

    Stay until someone tells you to go home, if you are sitting around doing literally nothing ask anyone you've already established rapport with if there is anything you can do to help. When an Associate or above tells you that you can go home and the serious work will start the next day, LEAVE. Make sure to get there before everyone else the next day though.

    The first day is the perfect time to set up your desktop, screen arrangement, email inbox folders, internet bookmarks etc. Go and bookmark the investor relations sites of all your major clients, FT, WSJ, Bloomberg as well as any news sources for your particular sector - subscribe to any mailing alerts if they are available. This is also a great time to familiarise yourself with FactSet / CapitalIQ / Bloomberg and set them up to your liking as well as the Excel plugin your firm uses (shortcuts!).

    One other tip for organisation - ask a second year analyst if there are any mailing lists within the bank you should get yourself added to (ER updates, some traders with their finger on the pulse, market commentary etc).

    If you've done ALL this and still have nothing to do, find an old pitch book file and model and make sure you can print them properly (not the full bound experience, the quick printoffs for team meetings) and everything is aligned and coming out on the right number of pages.

  • In reply to adapt or die
    Cruncharoo's picture

    adapt or die:
    Find the biggest guy you can and knock him out or become someone's bitch

    This is the 21st century, there is no reason to be barbaric like this...

    Find the biggest PERSON you can and knock them out or become someone's bitch. Keep it gender neutral, people will appreciate that you aren't sexist in the office.

    This to all my hatin' folks seeing me getting guac right now..

  • In reply to Cruncharoo
    adapt or die's picture

    Cruncharoo:
    adapt or die:
    Find the biggest guy you can and knock him out or become someone's bitch

    This is the 21st century, there is no reason to be barbaric like this...

    Find the biggest PERSON you can and knock them out or become someone's bitch. Keep it gender neutral, people will appreciate that you aren't sexist in the office.

    You're right and perhaps "someone's bitch" should be somone's pocket holding minion

  • In reply to Asatar
    frgna's picture

    Asatar:
    Serious answer incoming.

    You'll probably have a morning of presentations, meetings and introductions showing you some of the main people in the office, some of the support staff (read - the people who will do your PowerPoints while you dash home to sleep, treat them well!) and HR people.

    You'll probably go to your desk around 11-12 and then get set up with IT, introduced to the team (assuming you didn't intern with them), maybe even get taken for a lunch if they're nice, and an Associate will give you some busy-work in Excel / Powerpoint which isn't that important but will tell him whether you are a moron or not. Send a very brief circular email to the group (1-2 lines absolute max) introducing yourself and giving out your mobile number.

    Stay until someone tells you to go home, if you are sitting around doing literally nothing ask anyone you've already established rapport with if there is anything you can do to help. When an Associate or above tells you that you can go home and the serious work will start the next day, LEAVE. Make sure to get there before everyone else the next day though.

    The first day is the perfect time to set up your desktop, screen arrangement, email inbox folders, internet bookmarks etc. Go and bookmark the investor relations sites of all your major clients, FT, WSJ, Bloomberg as well as any news sources for your particular sector - subscribe to any mailing alerts if they are available. This is also a great time to familiarise yourself with FactSet / CapitalIQ / Bloomberg and set them up to your liking as well as the Excel plugin your firm uses (shortcuts!).

    One other tip for organisation - ask a second year analyst if there are any mailing lists within the bank you should get yourself added to (ER updates, some traders with their finger on the pulse, market commentary etc).

    If you've done ALL this and still have nothing to do, find an old pitch book file and model and make sure you can print them properly (not the full bound experience, the quick printoffs for team meetings) and everything is aligned and coming out on the right number of pages.

    SB for this guy reminding me why I still come here sometimes.

    Make sure that you do your email folders - maybe 1 for each deal, then folders for pitches and other things -
    and make CERTAIN they are being saved to the right place so they are backing up correctly.

    Make really good friends with your IT guy/gal - maybe invite him/her out for drinks. They will save your ass more than anyone else.

    Same goes for printing if you are at a place with a print center.

    if you like it then you shoulda put a banana on it

  • pacman007's picture

    you ready to get assraped boyyy??? I tell you wuhatt noaww.

    "Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali

  • In reply to pacman007
    adapt or die's picture

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