IB 1st year analyst MM....what to expect

Question

I'm fresh out of undergrad from a non-target in the northeast. Currently interning at a boutique IB and just accepted an offer for a first-year analyst position at a MM IB in NYC. I'm extremely excited to have landed this because I worked my ass off to get here, but I want to know what I should be expecting. Haven't had any experience modeling at the internship but have had a lot of experience putting together pitchbooks, due diligence, and comps. I know the learning curve will be steep. Any and all experiences from MM IB firms is appreciated.

Loki777 · Accepted Answer

The daily grind for boutique or lower MM IB analyst? (Originally Posted: 09/25/2014)

Hi Monkeys,

Just curious what your days tend to be like in these smaller environments.  I am mainly curious about these opportunities because it seems like you get a lot of hands on experience, which is great if you are wanting to work in lower MM PE.

How much of your time do you spend on:

a. researching/reaching out to potential clients

b. modeling

c. maintaining a comparable database

d. admin (I know this sucks, but at boutiques, I'd imagine there is a little of this)

e. other (what else?)

f.

mtnmmnn · Answer

I was an analyst during the crisis at a BB, I did not work a single weekend between September 2008 and February 2009. Went to gym most lunch sep. - nov. and the office (apart from a team that work on a restructuring deal) would be empty by 6:01 most days. Instead of enjoying this time off, I stressed out that I would get canned or wouldn't get relevant transaction experience. Things took off again with raging fury in March and I pretty much worked at least 90 hours every single week for the rest of my analyst program (I exited summer 2010).

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IB 1st year analyst MM....what to expect

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IB 1st year analyst MM....what to expect

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