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You will travel between deal folders at a blistering pace. Most of your travel will start with a short journey to the print shop to pick up books and likely end at an MDs desk. 2x a year is average.
It’s going to vary a lot between the different bank types and product groups. MM M&A analysts that work in 4 person deal teams will travel a lot more than the analyst at a BB coverage group that doesn’t do execution.
I work in a relatively small group at a MM, deal teams typically range from 3-5 people. Analysts travel pretty frequently. Once every couple of months is probably the average, with one or two analysts traveling 2-3 times a month depending on the nature of the deals they're on. I get the feeling that at BBs, analysts almost never travel though, so probably depends a lot on the bank/group you're in.
That was my experience as well. Ramped up the longer I was at the firm, with increasing unpredictability (had a number of travel days scheduled just a few days out).
I interned at a MM bank this summer and all 3 of the analysts I worked under traveled. One did a site tour in Nebraska, one spent half a week in Europe at the client site and one went to rural Tennessee to help the CFO of a company prepare for DD. 1 or 2 of the interns in my class got to travel.
Truthfully, no one was very stoked about traveling. It seemed like you mostly ended up in random towns, you only saw the client site, your hotel and a local chain restaurant, you ended up working just as much (but in a hotel lobby or conference room with no full sized keyboard or monitor) and you fell behind on your other deals
I never understood the hate of travel, I loved it. It was an opportunity to get out and spend time with senior people and see what your work was going to. Sure everything you said is true but I used to think that because I wasn’t in the office I got pestered way less for some of the one off work.
Sounds about right
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