What exactly does an MD do on a daily basis?
So I think I get the basics of what an MD does - source clients for deals, such as acquiring a company and provide advice on the deal, for example - but I am still confused on what they do on a day to day basis.
When they're on the road, they are obviously trying to sell to the clients, but what about when they're in the office? The younger monkeys take care of all of the grunt work, so what do they spend 40-60 hours a week doing? What types of personality traits are essential for achieving this position and succeeding on the job?
Some more insight from folks in industry on their day to day responsibilities, concerns, etc. would be great!
write emails, dictate work and travel A LOT
http://www.wallstreetoasis.com/forums/life-of-an-md
Depending on the MD and the firm, he or she might spend significant time managing deal processes as well. This is particularly true in a boutique environment.
Window into the Life of an MD (Originally Posted: 03/14/2011)
Man, this is pretty awesome. This was posted under the title: Investment Banker 2011 Bonuses
hey, at least maybe they know a good banker who can securitize it for them...
$200K in cash before taxes barely covers a nice condo for a year in the city...let alone child support.
That website in general is a riot.
I stay the hell away from those sites because I'm paranoid
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