Mistakes sent to client
Have you ever had a mistake sent to the client that you had to bring to the attention of a superior? What was the reaction
Trending Content - Investment Banking Forum
Career Resources
Happens all the time. I'd venture to say almost every deck has a mistake somewhere.
If it's noticeable or important, just point it out and make sure they have the right number/information if brought up. If some major number is messed up, it's the VP/D/MD fault for not checking the big items. If it's just a comps number, won't even get noticed.
Thanks, for reference its an error in a precedent, moves the median by like 2x
Hopefully not a huge issue but just some anxiety as havent had an error I made sent to a client
Not a problem. It's not like precedents are really the focus of any deck/conversation. Just go through your associate and make sure VP at minimum is aware in case client asks (they won't) - VP will just say "I think the multiple is closer to #.#x for our transaction" precedents are just a CYA move to justify an approximate price point. the client knows what they are going to pay
*You haven't noticed an error that got sent to the client before. I promise you that you have had an error in the past that nobody caught.
It's honestly not a big deal at all. Strive to minimize them, but they will always happen
Sent comps with a major bust in the back up to the client for a live deal. Been checked out w/ buyside exit upcoming and didn’t feel like checking. MBA assoc took the blame.
This is one of the reasons that IB is so overdue to follow the rest of the civilized world and put shared files in a secure online repository, vs. emailing them around. (Like emailing is so "secure"...). Mistake in your deck / model / prospectus or whatever? Fix it, post a new/corrected one, and if you really want to go nuts, delete the one with the mistake. 99% reduction in heartburn.
Eaque reprehenderit eos omnis id in. Est eius assumenda nobis nulla accusantium modi vel alias. Amet voluptatum ratione est atque quasi nihil. Sunt facere aspernatur velit odio autem id. Mollitia quo deleniti alias quae mollitia fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...