Analyst 1 IB experiences / tasks so far
Hey y’all, very curious to know about other people’s first year investment banking experiences across banks and groups so far. Can everyone drop your typical tasks (ownership of model, admin tasks, PPT heavy, taking notes, etc) below? Also, what culture / type of people have you experienced, being that we’re at the bottom of the food chain?
Would be curious to see everyone’s experience compared to mine across the board.
It’s been bananas… lot of administrative work like managing buyer trackers, good amount of PowerPoint and some model edits. most days I’m bored and feel like a dumb monkey
- chimp at Lazard
Also at an EB, this comment is literally me. I still feel retarded lmao
Helping me manage my Hinge messages and reply to inbounds ever since they set the 8 chat limit.
Model work but not full ownership, all PowerPoint ownership, admin tasks like notes and calendar invites, client email, learning mostly from live deal exposure
AN1 at mid-tier BB. 50 / 50 split of PPT with associate on pitchbooks, all admin tasks like notes and sending planners, partial ownership of model that is slowly ramping up to full.
I just put your bitch on another bitch and hit 'em both
Just finished my first year as full time, been quite rough in terms of workload but I’ve learnt a lot! Important to note that I had 3 internships before starting full time, so basically 1 year extra.
My highlights are as below:
- I’ve had full o/s of creating two operating models from scratch (one buy-side, one sell-side)
- A lot of DD coordination
- Been the main point of contact in a project, ie if the client wants something they contact me for it directly. I do it and then ask my seniors for sign off, and send it to the client
- Project managed a (very) small ECM transaction
+ all the usual stuff, notes, admin, meeting materials, pitches etc etc
That’s very impressive, what type of bank? I also just completed my first year and only lead the workstream for one buyside model - sellsides are run by the associates at my bank
Thank you - wouldn’t say it representative given that I did two internships at the bank prior to FT, so a lot of trust and capabilities was built before. Also, have been very lucky with the people that I work with. They simply give me tasks and lets me figure out how to do it! Its mm
Responsibilities as a MM M&A An 1:
- Due Diligence trackers
- Scheduling calls
- Operating model roll forwards
- Notes on every call
- Company Overview and Financial sections of the CIM
- Initial pass at buyers list and managing edits
- BD decks
- Making reservations for MPs
- Initial outreach and NDA admin
Etc…
This makes me feel so much better. I thought I was behind in my development but i looks were all doing the same work.
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