I have friends on the other side
Hi folks,
I'm having an ER associate interview with a BB bank next week. Let's call it XYZ.
One of my best friends works at a $40B AUM Asset Management firm ABC as an analyst, covering the same sector. Currently, the sell-side analysts at XYZ bank has no relationship with ABC.
Do you think if it would be a good idea to mention that I can increase your exposure to ABC firm in my sales pitch?
Any help would be appreciated.
lol no. If you were related to the Partner/MD there 'maybe'...but an analyst friend is hardly anything to write home about. It might be a good idea, however, to mention it in a casual tone like 'my friend at x and I were discussing company y' etc.
I know. but their corporate structure is pretty flat. He and his PM two guys cover the whole sector.
I disagree. Outside of IBD the analyst title may be quite senior, and in that case such a relationship could very well be helpful. I would bring it up if the conversation goes into that direction somehow. I got asked a few times during PE recruiting whether I had connections that would help source deals or help in fundraising, for example.
On the bright side, when you get promoted to full analyst, you'll have a guaranteed vote from the buy side in the broker rankings.
To answer OP, I think it's beneficial to mention this in your interview. $40bn AUM is nothing to sneer at, and for ER, the game is partly about getting votes & increasing ranking from the buy side. Unless they already have a strong relationship with XYZ, you'll also see your sales & traders covering XYZ eager to lick your behind in hopes of better acceess/votes from your friend. So mention it, but absolutely no need to overplay it & have it get to your head.
Thank you very much for your advise. I'll try to mention it in a proper way.
Dolorem ipsam ipsum ducimus consectetur sunt maxime deserunt. Odio architecto ut ut sint est. Nisi qui fuga explicabo beatae voluptas deserunt. Saepe aut qui aut fugiat laudantium qui assumenda.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...