How many deals are you working on?
Currently working on 3 mandates and seems like Associates and EDs at my firm even have more on their plate. Is this street norm ?
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That sounds like about the right number for an analyst - any more and you are going to be stretched too thin when multiple things (or even all three) blow up at the same time.
As you go up in seniority you can generally take on more things since you are in more of a reviewer role vs. in the model/powerpoint on everything. I'd argue associates who are doing their job properly (both checking analyst work and independently making pages, etc.) should probably be at about the same amount of deals as well. Once you are VP and above you'll see people on 4-5+ things and it is manageable as long as they are good managers themselves in terms of keeping the juniors on task.
Currently working on five active deals, which seems about average over the last couple years.
That’s seems like a lot, how do you do if 2-3 deals hit at the same time ? - guess as you’re A3 you’re less involved in each deal’s grunt work ?
This does sound like quite a fair bit? Could it be different stages of the process with 2-3 being in the back seat / financing-type / capital markets intensive? I'm not from US/UK but 5 live deals does sound pretty intense.
Define “on”. There is active work and there is stuff that is technically live but nothing to do. If we are talking the beginning or end of a live m&a there isn’t time to work on anything else
As in being in the deal team of a live mandate (but not necessarily in fire drill mode)
Zero :(
All the analysts in my group is on at least 1 with the max being 4
6 live deals, 1 pitch and infrastructure bs. Going on my third night in a row of 1-3 hours of sleep max. Woke up this morning at 8:15 (went to bed at 6:30) to "Reply ASAP - IPO" and got notified I was being staffed on an IPO which had its 5 hour kick-off call in 30 minutes. Fun times
This is too much to believe .. To be honest even 100h weeks are extremely demanding so doubt you would pull 120h weeks more than once.
Also I don’t see how you could be staffed on 7 live deals, unless there are 4 other analysts staffed in each deals (in which case it would be very inefficient staffing)
Why are you still on WSO if you're already in this much pain dude. Get some sleep, pal.
The real question is whether you're cross-staffed with other analysts - some BBs you're on 4-5 deals but you're not doing much work (coverage/M&A groups) and EBs that run very lean even 3 deals can wipe you.
I heard EBs (excld. Moelis) only staffs you on 2-3 things at a time. I’m on 9 at a Bb (pitches and stuff not only live)
9? That's a lot - are these solely pitches / deals or are you including coverage work / ad-hoc projects.
BB financing group
3 live deals - one buyside mandate, one sellside mandate (staple arrangement), one refi deal (mostly internal approvals, credit memo etc)
2 pitches
2-3 deals always hovering / on hold (no work or pitch submitted but could pick up whenever)
Tech M&A Team
5 Live deals (1 buyside, 4 sellside) as of now 1 closing, 1 on hold, 3 active
6 Pitches, 2 happening this week
We really need more people
What did your workload look like as a first year?
It was better. Team had more people and the guys above me were great
But now they left and we didn't recruit enough new people + deal flow became stronger (wtf) = more work for each person
Currently on 4 pitches (all due next week), 4 live deals (nothing to do on 2 of them), 1 deal expected to launch the week of Christmas (WTF?), and 1 the week of New Years (Additional WTF?), and I usually get about 1-2 "need ASAPs" a day. I plan on quitting once bonuses are paid unless more people are hired.
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