In general, how long is your groups CIM writing process?
I know this takes into account your junior team size and some uncontrollable factors like data requests. If you want to put into context how many other analysts are on the team, feel free to
| +328 | Return Rates For Interns Are Falling? | 138 | 2h |
| +148 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 16 | 6h |
| +126 | Evercore > Goldman and I don’t think it’s particularly close anymore | 52 | 26m |
| +123 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 14h |
| +64 | I hate Wells Fargo | 19 | 24m |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 6d |
| +51 | Santander IB? | 10 | 2d |
| +49 | No return offer - feeling like a failure is an understatement | 19 | 9h |
| +43 | WF Return offers | 28 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It varies a lot from project to project.
On an “standard” sell side engagement with 5 members in the deal team (1AN, 1 ASO, 1 VP, and 2 directors) it should take between 3 and 5 full weeks - assuming the client has all the data ready (which is rarely the case), but I have seen cases in which it took nearly 8 weeks to get the CIM ready.
On the other side, I have seen a very extreme case in which a team got a full 45 pages CIM ready in less than 2 weeks, as the PE firm who hired my bank was pushing very hard. However there were 4 juniors working on that CIM (2 analysts and 2 associates).
It usually takes this long because during those weeks you not only work on the CIM, but simultaneously you also have to put together a 2/3 pages teaser, come up with a solid buyers list (if the asset is not very big, that list could have over 50 names), search for the contact details of the key people at each buyer), and liaise with lawyers to get the NDA’s ready.
Are some of these people product groups?
As a VP, I'd be pissed at having one director above me on a transaction let alone two. Even as an associate, I can't remember a time where I had both a VP and a director on the same transaction.
Like weeks and v156 status
I personally felt like it was always more than a month to grow from a blank PPT to a finished product - probably closer to 2 months.
Probably a month to get a 90% done draft, but I personally always had companies that took forever to review, MDs would always chew it up at the end, etc.
Like someone else said, you also aren’t usually heads down on a CIM with nothing else happening. You’re doing the model and all the other process crap that is super time consuming and the CIP is just one item to crank on.
I've only done 3. 2 took 6-8 weeks, and the other one took 4 months. I wanted to rip my hair out by the end.
Voluptatem et nulla rerum quisquam. Autem excepturi molestiae optio tenetur et qui in. Officiis dolores asperiores distinctio qui cum sunt. Et architecto nesciunt quas voluptas modi tempore ad. At omnis harum molestias qui enim ut debitis. Et dolores dicta quibusdam libero cumque neque.
Non nulla repellendus in aspernatur molestias repellendus laboriosam. Enim enim et reiciendis similique veniam qui est. Quo quo et nulla cumque explicabo maiores. Rerum omnis explicabo dolorum ad est qui architecto. Aperiam quos neque magni cupiditate. Rerum maxime mollitia similique voluptatibus eaque deleniti voluptatibus. Suscipit impedit est qui quis.
Voluptatibus dolores sed quia sit quis consequatur cum. Libero recusandae nihil corrupti qui qui a quidem. Atque vel quibusdam qui id molestiae sint.
Rerum modi voluptas nihil. Dolor aut omnis quis nulla quisquam neque voluptatum. Vel sequi quaerat unde consequatur. Libero repellat ea aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...