do new analysts without experience get staffed on deals?
This pertains to one of the smaller firms without proper IB training program- learn on the job type of thing.
Say a history major without any prior banking experience is extended an offer. Would I actually be shadowing a 2nd year analyst for the first few months to pick up the accounting/finance? How does a history major with no prior banking experience actually get staffed on a deal?
har har. jk
read? go pick up some AMT books or ask your HR- or heck, ask the other analysts. The one quality I would say I observed in the best analysts are that they are proactive, and are constantly learning new things.
If you are given an offer and accept the position, it will not be to shadow an analyst around for months. Whether you have banking experience or not, if there is deal flow you will be staffed and you will be doing some work. At first you will have to get your bearings and will start on easier modeling, spreading comps, editing pitches and docs, etc, but over time you will absolutely be running with things. Either way, you will not be spending your time watching another analyst work, and getting paid for it. If, however, you come in with some previous IB experience, FT or Internship, boutique or BB, you will be expected to know a bit more and will be expected to be able to hit the ground running sooner than someone without a finance/IB background - either way though, you will or at least should not be just sitting around for months watching other people work. You won't learn anything until you dive right in and senior bankers know this just as well as we do.
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What are AMT books? I have heard someone else suggest them before.
Current FT Analyst role in a deal (Originally Posted: 04/03/2009)
For the current FT Analysts out there, I have one simple question: What has been your role in a live deal as an IB Analyst?
I'm asking what you have been TRULY doing on the job, and not what you are supposed to do (those HR duties list)...
And, What is the extension of an Analyst's responsibility in a deal (for example, up to what phase do you participate in a Due Diligence, etc)?
I appreciate your inputs. Thanks.
Any contribution?
www.amttraining.com
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