Attaching Operating Model and Pitch Book to Cold Email - 1st Year Analyst Not Currently in IB

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Long Story Short: You receive a cold-email from someone looking for advice on lateraling to investment banking from real estate finance (1st year analyst). He has attached a 3 statement operating he built for a REIT that is most likely looking to sell, complete with a DCF, NAV, Comps along with a short pitch book describing the opportunity.

Is this a good way to demonstrate that you're hardworking, proficient in modeling and have decent knowledge of the industry you would like to cover? Or would this be overkill and make you look like a hardo? I'm attempting this now, but it has proved very time consuming and difficult so it would be helpful to get some confirmation as I continue. Any Feedback is appreciated but would especially like to hear from people that currently work in Investment Banking and have received emails from students / laterals before. You guys will have the best idea of how this would be perceived.

As additional background, I've received positive feedback from local Investment Banks (not NYC / San Fran), so I know the move is feasible. But am considering using this to make myself more viable for more competitive positions in NYC.

Comments (20)

 
May 9, 2018 - 4:52am

I have done this myself. Got 3+ interviews and interest from bankers but not yet any reasonable offer. Helped me a lot to network my way onto them though. If the model is done correctly (and you show something that differentiates you, in my case, never took a Corporate Finance Class and made that model), I think it helps.

 
May 11, 2018 - 7:30am

What I do is I first cold email without any attachment or anything - talk to them and learn about their group. Follow up in a couple weeks with a model built about a company in their industry and ask for them to look over it. Good way to follow up and show you’re interested and serious

 
Best Response
May 11, 2018 - 10:41am
  • Model might get blocked by the firewall depending on type of words / numbers you have
  • File may have virus, I totally trust attachments from people I don't know
  • Someone can randomly download a sample model from internet and send me, never know
  • Checking / figuring it out / talking with you to make sure it's worth anything will probably take few hours. Even if I wanted to spend that time recruiting, I'm better off doing calls with 8 people for 30 minutes each than checking your model for 4 hours
  • REITs are about as niche as it gets. Most people in non-Real Estate group will have no idea what to do with it
Array
 
May 11, 2018 - 2:26pm
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