What is a BB or Balance Sheet

With all these people thinking that Evernote or Lionttree will become a BB, I think it's safe to state that many users here don't know what a balance sheet is.

Comments (20)

 
Most Helpful
Oct 20, 2020 - 10:12am

It is a "snapshot" of a companies deal mandates. Unlike an "income statement" that is mandates during a period of time, a balance sheet is how many active mandates the firm has.

Depending on group there are times where EVR is more of a BB than say MS or Citi when using the BS valuation method.

The statement of cash flows gets more difficult and we can discuss that when you are ready.

 
  • Associate 2 in IB - Ind
Oct 20, 2020 - 12:39pm

It starts with the Pipeline statement (often known as the IS) this shows the deals we are expecting to come in and attaches a revenue number based on probability of success on it actually happening. Most senior bankers turn here when they are trying to forward plan on how many mistresses they can support for the year, or if they need to send Tommy to public school so that they can afford the new Ferrari.

Once the closing dinner happens it flows over to the Fees Statement (often known as the Cash Flow statement) and bonuses are paid out based on this.

Finally it ends up on the companies deal mandates statement. Pretty simple.

There are in turn rankings associated with the deal mandates statement and the more you get here the bigger your name grows in the filings. MS and GS have done quite a few and it is why their name is so much larger than Needham's for example.

 
  • Intern in IB-M&A
Oct 20, 2020 - 12:46pm

Teller from Evernote here - just wanted to give some clarification.

 

Someone asked if they should wear a red or a blue tie - this depends on your suit color. You either wear a red suit with a blue tie or a blue suit with a red tie. It needs to balance - otherwise you'll be in deep sheet.

 

That's what they mean by balance sheet. It's sheet you do to stay in balance.

 
Oct 21, 2020 - 12:50am

I'll bite. Got into banking out of high school as a bank teller at a high tier BB (think Bank of America). Exit opps were insane, was able to apply to lateral to competing BBs (think Citibank) but the long hours (think 9-5pm) was discouraging.

Anyhow, now that I've established credibility, a balance sheet is the piece of parchment paper that the butcher places on the scale when he weighs the meat.

Hope this helps, feel free to PM me. 

 
  • Associate 2 in IB - Ind
Oct 23, 2020 - 5:25pm

Hey a few questions for all the BB professionals on here...

1. Is it okay if I let my girlfriend come stage a bank robbery? She's an instagram model and thinks it would blow up... at the end of the video of course I hand her the money bag and it has an engagement ring. I've always been telling her as soon as I get moved from the drive thru to the lobby I think I'm stable enough to propose. I'm 21 she's 18

2. Did anyone get the new Chrome update (the one that got sick and had a virus)? It supposedly lets you access Google Sheets so that you can access your work from home... just curious how you think it works before I try and sell my boss on it

3. Finally I had a recruiter reach out to try to get me to join the buy side at Edward Jones. Said they'd even pay for me to attend a top tier business school to get my series 7. I've always wanted to be a career banker and I think we're going to have a personal banker spot open. I'm competing with this teller who sits next to me though and he's been here for 15 years... if I start having kids in the next couple years I want to make sure I have a steady income to pay my rent in Des Moines

 

Oh yeah a BB is a Blue Button (you hit it to send the tube to the drive thru) and a Balance Sheet is also known as a deposit receipt. It's what you give the customer with their balance on it after a deposit.

Start Discussion

Total Avg Compensation

November 2020 Investment Banking

  • Director/MD (18) $713
  • Vice President (52) $334
  • Associates (272) $228
  • 3rd+ Year Analyst (39) $161
  • 2nd Year Analyst (152) $153
  • Intern/Summer Associate (139) $139
  • 1st Year Analyst (593) $130
  • Intern/Summer Analyst (566) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.4
2
Jamoldo's picture
Jamoldo
98.3
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
Addinator's picture
Addinator
97.5
7
bolo up's picture
bolo up
97.5
8
Edifice's picture
Edifice
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
frgna's picture
frgna
97.5