Sourcing deals, what is it and how bad is it?
Hello, I recently landed an interview with a more regional investment bank in SF (I am a hopeful lateral hire with a little more than a years experience out of school). The recruiter mentioned that analysts at this specific bank own the entire process of the deal, including the sourcing which I have heard some people say is the absolute worst thing to be doing. Curious if anyone who may have worked at a smaller shop has had any experience sourcing in an analyst role and can shed some light on it. What does it entail and should I not take the job if it includes a lot of sourcing? Thanks.
It is VERY hard to source a deal from scratch.
Involves as many coffee, breakfast, lunch, dinner, night events as you can handle. Even then it could take years for relationships to be built.
Probably a lot easier if you have a family member that is some BSD attorney or something.
If you replace “sourcing” with “spending all your time creating pitch materials to try to win deals because we are a small bank” this job description would make more sense to me.
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