What is a “Business Analyst” at an Investment Bank?
Seems to be most prevalent in Sponsor coverage groups at LMM/MM banks (I know Stifel and some other places in this tier have this). Seems to be not that quantitative, is it any different from an IBD Sponsors Analyst role at a bank where you don't run the model?If anyone has a general idea of comp/exits for this type of role, that would be great as well. I'd imagine an exit straight to buy side would be unlikely despite the relationships formed, but would a move to IBD at a better bank be feasible?
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