Preparing for FT IB role
Have about 3 weeks before my start date for an IB role as a first year analyst , I’m switching from a completely different industry (fintech, payments) and will not have analyst training because I’m not coming in with an entire class. My team told me to do some prep beforehand but no specific examples.
For those that started out of undergrad , is there anything you guys would have done differently knowing what you know now to better prepare for the ramp up or make your life more efficient so you can finish up work earlier
If you were starting out of undergrad I would tell you to take a sick vacation with the boys and enjoy your freedom while it lasts-- same advice I give any incoming analyst and should be the answer to every hardo college kid on this forum asking about how they can best prepare during their senior year. However in your situation sounds like this is a valid concern. You might assume you should read up on valuation, modeling etc. and a basic understanding of all of that going in would be good but I think the most valuable (and underrated) thing you could do is learn as much as you can about your specific industry. If you are in a coverage group I think this will be the most useful thing to get you started since you'll understand what people are talking about from the get go and so much of your time will be spent making qualitative slides/comps. More technical knowledge will have to be learned and perfected on the job anyway imo
Yeah thanks for the advice, I’m going into ib completely blind and haven’t built out a model or became comfortable with ppt. Are there any resources that best prep for what the actual job is like?
Do a PPT course, Wall Street prep etc…you’ll be in PPT a lot more than excel (for now) if you’re in coverage. You should get very comfortable with alignment and just creating pages in general that look good.
To be fair most first year analysts aren't good at excel or ppt on day one and most of what I remember from analyst training is exploring nyc and going out virtually every night, so I think you will be less behind than you expect. Since you will be following a template or precedent for all complex models and just creating adhoc calculations/pro-formas for the specific deal, I think just being comfortable/efficient in excel with important formulas and shortcuts is the most important thing. I really don't know how best to practice Microsoft office beyond maybe following along with some YouTube tutorials-- the best way to learn this stuff is just doing it a million times and naturally learning how to do things more efficiently when you get sick of dragging logos and clicking cell borders manually.
From a technical perspective, since I mentioned a lot of models/formulas will be prebuilt, I think people undervalue the importance of solid accounting knowledge-- its crucial to easily and accurately find or calculate the inputs you need from existing financials you are studying. Get comfortable reading a 10-Q and understanding key drivers of performance for your industry. Hope this is helpful!
Congrats on the role! Are you going to a BB? How did you go about landing this role without prior experience in banking. Thanks!
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Not necessarily a hb - something along the lines of jefferies / Wells Fargo , rbc. I just networked a shit ton- I would focus on MDs because they have enough political capital to get people in ge door even from non traditional backgrounds
Out of curiosity, are you starting at JPM?
Sint fuga libero dolorem velit et inventore eveniet. Sapiente eaque porro excepturi consequuntur doloribus eaque deleniti minus.
Voluptas consequatur perspiciatis maxime placeat et. Alias temporibus rerum corrupti quod sequi. Non facilis quaerat aut unde odio delectus quo. Totam qui non enim eligendi. Labore occaecati odit omnis amet ut molestiae est. Aut nihil delectus natus laboriosam quia sunt.
Laborum illo impedit nam quis quibusdam quasi tempore. Hic vitae nihil perspiciatis ut. Aut vitae laborum ab quia impedit quos placeat. Neque distinctio autem itaque explicabo est reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Nemo ipsa qui quia asperiores. Delectus facere voluptatem aspernatur et doloribus fuga. Minima assumenda tempore aut soluta quisquam consequatur.
Aspernatur esse eum modi ex. Est ab adipisci assumenda enim et.