Advice on how to not look like an idiot at my first investor day.
Hi guys, I'm an ER intern, and my analyst is sending me to an investor day soon. He originally was going to come with me, but something came up, and now I'm on my own.
I'm really excited, but I also know there's a very high potential for me to look dumb/like a newbie: I'm an underclassman, and I'm only a few weeks into my first ER internship. Plus, my analyst just launched coverage on this stock, so I'm not super familiar with the company either.
In addition to learning more about the company and making a good impression on management, I'm hoping to use this as an opportunity to network with other sellsiders (ideally, to arrange something for next summer).
Any advice on how to best accomplish this? What rookie mistakes did you make at your first few industry events? I'm hoping to ask a couple of questions, so any tips for Q&A would also be appreciated. I'm not going to reveal the company on the forum to stay anonymous, but feel free to dm me if you'd like to give me more specific advice. Thanks!
Please tell me this is bait lol
why is this bait?
Not in ER, but read as much as possible on the company (your analyst's report, other banks' reports, 10Ks/Qs, the co's investor presentations, etc.) and industry (primers, initiating coverage reports, etc.) as you can before going.
Are you going alone with the analyst?
Just be honest when you meet company management. Say that you are an intern and are focused on learning, but this is what you've learned yourself about their company and then go through your questions. My first week on the buyside out of college I was sent to a conference to meet with a bunch of management teams of companies I hadn't even heard of until a few days prior and that was my strategy, worked out very well.
No one will care that you're inexperienced unless you try too hard to overcompensate. Most will probably be even more likely to go in depth with you if you say you're new, and you have an opportunity to impress them. It'll look very good for you if you do a lot of homework, impress management, and then they mention at some point to your analyst that you presented well. Because I assure you, your analyst will have a follow up call with whomever you meet with and casually ask what they thought of you.
First, you're trying way too hard. It's one meeting...there will be 200 more over your career. You meet people over time when you start seeing them at the same places. It's not going to happen with one meeting.
As for not looking dumb...you're going to look dumb and people are 100% going to know you're new. In another year or two when you've done 40 of these you'll look back like ya I stuck out like crazy. Sure fire way to stick out: trying too hard.
Also, speak less, listen more. You shouldn't be asking questions for q&a unless you have something incredibly insightful to say. Listen to what everyone else asks (you'll find that 90% of questions are dumb / redundant).
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