how many times do you fly the private jet to maintain relationships
If you're an MD looking to maintain contact/build new relationships with C-Suite of companies, how many times do you think one has to interact face-to-face with a person over the course of a year to "maintain" the relationship, like 3 (once every 4 months)?
- emphasis on the face-to-face
- 200 different companies x 3 = 600 total meetings = infinite trips on the private jet over the course of the year
- nights spent with the wife and family = less than 10
- deteriorating marriage? = priceless
- please actually answer the post guys and not respond to my math, I'm not some quant
Man WSO becomes less and less accurate everyday.
No MD covers 200 companies…maybe 15-20 tier 1 clients and then another 20 that they lightly cover.
Most MDs will keep in touch w/ their clients through phone calls / emails aside from a handful of annual meetings. Nobody is flying in a corporate jet also unless you are the head of the investment bank
Site is ran by prospects and interns smh
My friend is an associate at a MF in flies in a private jet whenever he travels with a partner which is relatively often
PE firms are very different to banks on these sort of expenses. I've never come across private jet travel for IBs, my guess is it's reserved for C-suite level.
Goldman did not even have private jets until a few years ago - how on earth did they do it?!
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