Turn Down Business?
Things are getting very busy around the office and I'm curious if anyone has ever seen a senior banker turn down work from client? ie a client comes to an MD asking for help and the MD says sorry we've got too much on our plate already? Anyone ever seen this happen?
Of course. Taking on clients just for the sake of volume reduces the probability to close of other deals. Prioritization always happens and when things are good, MDs are more reluctant to take on deals at the lower end of the target deal size or deals with a lower probability to close.
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