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Based on the most helpful WSO content, the typical deal team structure in many coverage groups, whether in MM or BB, often includes 1 MD, 1 VP or Director, 1 Associate, and 1 Analyst. This suggests a 1:1 ratio of MD/Director to Analyst on a deal team. However, this can vary depending on the firm, group size, and deal flow.
Sources: First years- get your stuff together, Q&A: Non-finance major --> BB IB --> Director at $5B+ Multi-strat HF (in 6 years), Questions about VP/D/MD levels at investment banks, MM Investment Banking Outlook, BAML IB Groups (NYC)
EB: 2 analyst for every partner / MD
I’m at 0.3 analysts per md and directors is that normal? Have around 15 seniors in my group
Like it’s getting to the point where I just can’t be present on every deal and it makes me look bad, other analysts having this issue. Have been told to just be more “efficient” by staffer like problem is not even the amount of deals it’s just overlapping deadlines. I don’t have 8 arms I don’t know what to do
Not sure what the Director dynamic is but for MDs, that’s not normal unless they are unproductive. If a productive MD has at least 2 live deals going on, hard to imagine they’d staff each analyst on 6 live deals
JPM: ~5 analysts per MD+
Feel like in my coverage group it’s more like 3
Maybe I overshot by a few points. More like 4-4.5, but generally in my coverage we are a few MDs light compared to what we could have.
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