I am interested in hearing how the COVID crisis is affecting working hours in IB, especially for junior level staff.
I am an analyst at a regional M&A boutique, working on lower middle market deals. Pretty much every deal I am on has been put in a wait & see mode, with timelines being pushed back. Enough things to keep me busy, but very few urgent & high priority items. Over the past month, I have been working closer to 60 hour weeks, vs the 80-100 hours that are typical in normal times. Bonus will take a hit for sure.
However, I have heard stories of some analysts actually having a heavier work load. Rx will become understandably more busy. But for M&A & Capital Markets, I am trying to understand why this might be - are analysts at larger banks having to build COVID related scenarios into models? Any other reasons?
Bump. Would like to know also
Anyone have insight on equity? Have seen examples of companies issuing equity for liquidity right now, i.e. Shake Shack $150M issuance last week. I'd think Debt would be hotter, but not sure.
Does anyone have more info on equity/IPOs/ECM overall?
Overall deal flow (all types) has slowed somewhat, but far more noticeably has shifted from M&A towards 1) Rx, 2) liability management, 3) capital raises and 4) prospecting / pitching for 1-3. Total hours have been pretty similar, though working from home makes the downtime a lot more enjoyable (e.g. reading a book on the couch in PJs instead of reading the WSJ in your chair in a tie).
This is helpful. What's the rough Debt/Equity split on capital raises?
Minima est aperiam quibusdam. Ducimus cupiditate praesentium blanditiis voluptatem rem et veniam. Sed et quas ipsam et adipisci. Ut natus commodi quaerat.
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...
Ea autem quas quia rem expedita. Sapiente est et maiores autem sed suscipit nihil. Qui maxime saepe illo. Ut impedit dolor et saepe iure distinctio. Tempore eos ratione porro id quo ut amet. Eaque velit et cumque natus ex. Est modi deleniti culpa sint.
Qui id voluptas aut velit. Quasi quo excepturi sed eum. Fugiat voluptas ea dolor et. Vero illo earum consequatur.
Aut id vitae cumque nisi. Impedit reiciendis asperiores ut ut. At illo quo ex id nisi velit. Et consequatur sunt repellat voluptatem nihil aut exercitationem id. Ipsum quia itaque distinctio asperiores et at fuga.