In all fairness, if you become skilled at this and can do it on your own time with all margin going straight to you, why not? Half the pain of working on pitchbooks stemmed from the unreasonable deadlines and bitchy conflicting comments from more senior bankers so removing that element may just not be a half-bad option haha just food for thought.

 

Because being an entrepreneur requires having independent thought, which a lot of monkeys don't have.

On a more serious note, I'd imagine it's because no one wants to dedicate their life towards building ppt presentations. At least in IB most of the presentation building is limited to your analyst years. 

But hey, if someone doesn't mind having their skillset limited and finds story-telling via ppt intellectually stimulating, then sure this makes total sense. 

 

I think that the market is more niche than you think. If you are a company that does any sort of capital markets activity, you can basically get free pitchbooks and formats made by your banks.

If they're not big enough for capital markets and not even big enough to work with a LMM bank, how small of a business are we talking about? Why then do they even need a pitchbook? And what's their budget to pay for it?  Maybe, it would work if you're aiming for true startups who are taking their first shot at raising capital? I think that this would be an interesting business plan but as I noted in the beginning, very niche.

 
Most Helpful

Sure you get some freedom but there is also a significant loss of security. The peace of mind provided by having a steady paycheck and benefits (healthcare, retirement plan, etc.) goes a long way and most people aren't willing to give that up. Additionally, as someone else mentioned most bankers don't actually have the entrepreneurial mindset needed to strike out on their own, and without the proper amount of experience and industry knowledge most bankers won't be able to differentiate themselves in a saturated market. 

 

People here will shit on this idea because they’re stuck doing PP 24/7 but this is actually a pretty good business model. Selling is an essential part of everyday commerce, and the pitchbook is the bedrock of fundraising and BSB selling. Furthermore, a ton of shit pitches are out there and many could benefit from this. If you’re serious about this I would target B2B companies with large per-unit contract values. Could easily bill $100+ an hour I would imagine (i.e. well over someone’s hourly rate as an IB analyst).

 

Eius aut ut quam sint tenetur. Accusamus voluptas voluptates aut minus voluptatibus quia tempora quae. Labore et magnam consequatur soluta. Repellat explicabo in sunt ratione esse minima. Pariatur quos sit omnis doloremque sequi qui corporis laudantium.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”