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No wtf^ terrible advice, you keep your mouth shut (let your associate know unless he’s a narc)

Odds are if they didnt notice the error in the meeting (i.e. revenue/ebitda) it probably won’t make a difference/wasn’t an important metric and they won’t notice it UNLESS YOU TELL THEM

Also an intern shouldn’t be giving an analyst advice

 

I would never, you are burning yourself. It is one thing if this is pre-meeting and you can rectify the error. 

After the meeting? At that point your MD will have figured it out and come to you or he did not notice it at all!

 

You don't say shit until that number somehow becomes relevant. 

 

Not the Jefferies employee, but why not just update the slide with the correct number?

3 paths:

  • If it's a tiny data point, don't mention it.
  • If it's a big number, say you reran the numbers b/c it didn't seem right MD might ask, but probably not. 
  • If this number somehow impacts the analysis of the follow up, tell your MD. When they present (if they're not an enormous scumbag/moron) they'll just say "we made some revisions/updates to XYZ scenario, please see the updated slide."

Admitting mistakes shows humility. Picking out every mistake you make will lead to a garbage performance review. 

 

What in the actual fuck is everyone talking about

If that figure is critical (and only you know if it is, nobody else on this site well obviously) then you need to let your direct report (in this case associate know) fuckin asap.

Let him/her do the talking to their direct superior and so on

You're not a dummy. think about this logically. There's 2 possibilies. One is you're overreacting and it's not a big deal. Then your associate should realize this and cut it off right there. No damage done. You were better safe than sorry

if it is a big deal then you'll have caught it before it's too late.

It is ridiculously embarsassing, aprticularly to the MD if your client for whatever reason digs in on this. I've seen it happen and it makes everyone on your team look careless

 

I think the actual fuck that everyone is talking about is that, of all of the numbers in a typical deck that bankers put together, maybe ~1% of them are important and actually looked at. If this is one of the 99% of things that’s just put on a page for completeness but doesn’t actually matter to anything or anyone, just update it in your next iteration and no one will notice. If it’s a number people will be paying attention to, obviously you don’t have a choice.

 

In my experience banking was never a safe place to 'out' oneself in terms of making errors.  Just a general comment, not specific to your case. It would be nice if employers in finance or elsewhere made the workplace a safe place to speak up and be honest about making errors, but ibanking just isn't that kind of an environment.

 

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