Good experience to work with SNL in an internship?
I have a rotational internship this summer at a regional bank. They are doing preliminary M&A work because they received some 'packet' from an investment bank in the city about another local bank. I spent almost 6 weeks in credit with just a few days in the brokerage dept. Now, they are asking me if I want to spend the last month in the Trust dept. or working with SNL, in the peer analytic and merger model software.
Anyone have experience working with SNL? Is it good experience just working on mergers period, for a resume? Thanks
Haven't work there but been to a show. I liked the Lonely island skit but as always hated the parts where they had Tina Fey.
I had a tour of NBC studios once. It is sweet being on the set. Lol, I'm talking about SNL Financial though.
suck on it trebek
i've used it during my boutique i-banking internship focused on FIG. SNL is awesome, but I've never used the merger model software for anything, since most banks would make their own merger models...we did at least. Peer analytics is used more commonly, at least at the bank I interned at, but I used more of the SNLxl plugin for screening, drawing data, etc. SNL is a great tool to learn, especially if you want to be a FIG banker. It's definitely looked favorable to FIG bankers and banks (Sandler, KBW, etc.). But other than that, I don't think any other group uses it. If you don't want to do FIG investment banking, then it's pretty pointless, since not many bankers know what it is. Hope this helps, feel free to PM me, since I've had 6 months of experience with that database.
Thanks, RonaldB.
Yeah, they mentioned an Excel add-in too. I'll definitely PM you with questions on it. I'm under the impression I'd be doing both the peer and merger model stuff, even though the two seem unrelated. I think the merger model is used in the early forecasts to see if the basics of the merger will work and to pull up comps...but this is what i picked up from a 20 minute conversation of course.
FYI, SNL also has a full suite for power companies, both utilities and IPP's.
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