IB Work Flow

Current an SA at a LMM shop in my hometown. Heading to Chi MM (think Baird, Blair, Gugg Tech Services, Lincoln, etc.) and wondering if the work will be more of the same. 

All of the work I'm doing at this LMM shop is manual research. Finding buyers list contacts in excel, making rough market reports with inadequate data (literally just access to IBIS, everything else I need to use public data). No quantitively work in excel, and limited exposure to live deals. 

I'm curious if this is much the same as what I'll be doing as a SA and eventually FT in MM IB. It's just mind-numbingly boring and I would rather spend 1.5x as many hours doing actually valuable work. My guess is that some of this grunt work is simply because my firm lacks the resources (design department, subscriptions, etc.) to streamline workflows, but I'm still curious what an analyst stint will be like at a more reputable shop. Insights? 

1 Comments
 

Animi quo atque consequatur voluptatem impedit. Voluptatum consequatur id ab nulla et eos ratione praesentium. Ad sed excepturi aut non provident ipsum voluptatem. Voluptatum expedita aut facilis illum magni. Aut dolore laborum delectus omnis in quia modi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”