No Closed Deals for 1st Year Analyst Class
Currently in coverage group at a BB and realized none of the 1st year analysts in my group have closed a deal (M&A or Capital Markets) since starting last summer. Is this common this year with COVID?
We are in a hard-hit industry but typically have had reasonably good deal flow. Current 2nd years had almost all closed something by this point last year. Most of my class hasn’t signed for an exit, so not sure if this is a death sentence for PE recruiting as well.
Damn if he was a top bucket analyst at FT Partners like you he would be working on 5 live deals and would do 0 pitch work. FT Partners >>>>>>>>>>>>>>>>>>>>>>>> GS TMT/MS M&A >>> your friends top tier group in a BB.
Your first sentence is completely true objectively. The second statement should be completely flipped as in flip all of the >
This industry considers reputation to be everything. Imagine if someone is the worst analyst you've ever met and one day they're trying to say something insightful. Sure you might listen but you won't take it as seriously as someone else saying it.
That doesn't mean you have to stoop to their level and make fun of them if they're trying to say something insightful. You should be trying to encourage them to be insightful, not putting them down. This is why you're just a prospect and not an actual analyst at an IB.
why is it that the college kids who haven't even landed an offer yet are the biggest hardos on this forum? Tough talk for a kiddo who isn't qualified to get pickup my coffee for me. Take a lap.
Ha for a split second I thought you meant all the analysts died, not the deals.
yeah blame the virus not the fact that you’re a fucking pussy with a lameass group who couldn’t close the deal
I would recommend trying to lateral. Start over as an Ana 1 at another bank if you have to. Deal experience is 90% of PE recruiting. If you don't have at least one M&A deal on your resume, you're going to have a very hard time landing at a good PE shop.
I was lucky and had two M&A deals on my resume when I went through recruiting, but half of my analyst class didn't have anything closed and those individuals had a very hard time recruiting (some are still with the bank because they couldn't leave).