I'm trying to get a handle on what exactly the expectations are for Associates following their MBA's. Are they expected to come in and hit the ground running with sourcing and executing deals? Are they assigned companies to be on the board of? Or are they primarily the ones doing the modeling and due diligence? How much responsibility would they have, and what would their relation be to superiors? What kind of network are they expected to have?
Obviously this can change drastically from firm to firm, but just looking for a general idea. Asking because we don't have anyone at this level in my firm and the other firms around here don't really have this kind of structure.
At my old (MM LA-based) shop, they were primarily responsible for managing the associates. Essentially they led a single deal at a time while the people at levels above them typically juggled multiple deals at once.
From this thread: http://www.wallstreetoasis.com/forums/exit-options-for-post-mba-investm… ; @"mergersandacquisitions78" might be able to provide more color. This is what he said initially:
Pretty sure question was in the context of pe. The ibd assoc job is a joke
A joke?
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