How a deal trickles down to an analyst level?

Hi all,

I was looking around and I couldn't really find a comprehensive post that describes the life of a deal.

E.g. Senior bankers get rumors of the deal or start landing a deal, all the way to getting a staffer to staff associate / analyst to get grunt work done.

Assume the bank is advising on a buy - side deal.

*Feel free to describe how it gets from MD > VP > Associate > Analyst

or through official stages of the deal E.g. Mandate.

Thanks guys!

 

Pretty straightforward really...Note that this is based on my years of experience working with bankers on the other side of the deal

Senior bankers spend most of their day networking with various buyside shops, industry strategics and corporate CEOs in hopes that they will be able to provide their "services" to these groups in the form of acquisition/divestiture advisory, refinancings, etc.

IB operates in a fairly hierarchical structure where information is passed down to subordinates until it gets down to the analyst level. Analysts are generally on a need to know basis but work closesly with the larger group and are generally tied into discussions even early on.

 

Usually deals will happen on clients that have an existing team, either as the result of an existing pitch or other informal discussions. Rarely will a mandate just drop out of the sky. New staffings on deals will happen as a result of turnover (or occasionally team expansion in the case of a particularly painful project).

My group has a dominant position in a niche industry so in that space we get random deals thrown our way from time to time. In that case the staffer will just dole it out or the senior banker will ask a favored analyst whether he wants in.

 

Nisi corporis illo perferendis maxime sed et molestiae. Laudantium asperiores laudantium rerum libero et quia. Iste ea similique autem qui nihil excepturi reiciendis. In eos culpa laboriosam fugit culpa nihil rem rerum. Eos culpa delectus cumque officiis.

Ipsum saepe mollitia itaque soluta iure aut. Sed ut molestias laboriosam ullam at consequuntur neque.

Assumenda temporibus aut voluptatem id odio consequatur a. Unde et et ducimus voluptate ad ducimus porro. Voluptates et debitis rerum aut eos.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”