IB 1st Yr Analyst - No Technical / Analytical / Modeling Exposure?
Perhaps its common for 1st years, especially in BB Coverage. Still, after around half a year on the desk - I've yet to gain any real modeling experience or technical exposure. Mostly just churning out PPT slides which really don't require any thoughtful analysis. Honestly feel like this job can be done with little to no thinking most the time as an analyst. Even though I've worked on a couple of live deals already. Have other analysts here had similar experiences? Think this job is very overblown regarding the technical development. If one were to open up a CIM and read up on past decks I can understand how thats a better way to develop a critical understanding of businesses...
Similar boat and experience here. Although I'm not really worried about it nor care at all at this point because I don't intend to do PE and I'm largely in the job to collect a check and invest every earned penny in equity markets/crypto or whatever so I can be free. "Technical learning" or "experience" is all bs imo but would love for others to chime in
First year at an EB - have built multiple operating & financial models from scratch and ran point on model with sponsor clients. No second years on basically all my deals given the small group size so having to take the lead on most analytical work streams. Fortunately, haven't had to deal with as much of the bs ppt work.
Interesting, imagine BB / EB divide can be pretty large then.
Same here
bump
At an EB, have built 2-3 models thus far, more of a pain in the ass than anything really. Do you do no merger math/analyses in your ppts? I feel like even without explicitly building an operating model I still got a lot of exposure just from making ad-hoc analyses on the deals I'm on.
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