First off, let me apologize for the vague forum topic. I had a couple of questions that I don't feel need to be addressed in separate topics. That being said, my questions are:
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Do most BB firms utilize CapitalIQ? If so, to what end goal? Are they pulling comps, charting firms against indices, obtaining multiples, viewing financial statements etc? Please don't answer this with all of the above. If there are other reasons Capital IQ is used, please include them.
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What other websites, software are used extremely often by BB? Obviously Excel, PowerPoint, Word, Bloomberg but outside of these, where do Analysts spend a significant amount of time researching etc.?
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Everyone has heard the quote, "the clothes make the man". To what extent is this true? Obviously not looking like you purchased your suit at the Salvation Army is a plus, but is there really a difference between a Men's Wearhouse Suit, and a suit from a department store or other retailer? How does this affect one's interview?
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How do you pronounce the name Aswath Damodaran?
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If you were an MD or VP, would you prefer to be e-mailed or called by an applicant applying to a Summer Analyst position? If called, what time of the day would usually be the most convenient?
Thanks in advance for your responses.
bump
capIQ is ok, especially for profiles and looking at past M&A transactions as it sums stuff up nicely. but be weary of trusting their numbers as they are always wrong and you will get burned on them
as an analyst youll spend a lot of time on factset and looking through filings which you get off the SEC or other sources.
all this crap about only wearing valentino, ferragamo, gucci, etc is all crap. no one gives a damn as long as you look clean and you match. honestly. focus on other things. namely knowing valuation and accounting inside and out
again, who gives a rats ass
email
Mostly true but don't go to Men's Warehouse either. A little bit of style never hurt anyone.
Follow-up question for you Gus, do MDs/VPs get annoyed if you end an e-mail by saying you will get in touch with them in x number of days? Would you reccomend just waiting for their response?
no you cant say that. and it sucks, and it probably the worst part of being an analyst. your hours and life are completely in the hands of those above you. so you have to come off as a subservient bitch that will cater to their whim. all you can really do is wait. if it doenst happen for awhile you can shoot them a nonconfrontational email reminder
Call Aswath at NYU and ask him how to pronounce his name: seriously!
I will defintely shoot him an e-mail later, both for that, and for an error I found on his website. I am President of the Investment Banking Club at my school, and I am trying to get together enough funds to get him to come down and speak for a day or two. He seems to basically be the authority on valuations.
Right now I own three suits, two from Mens Wearhouse, 1 from Macy's lol. I'll defintely upgrade to at least one good suit for next year BB internship (fingers crossed)
*shaking head
Understood. Thanks for the response
Around here (at Stern), I usually hear it is Duh-mod as in moderator-err-in, very rarely as Duh-mode-err-in. As far as getting him to speak at your school, great if he would, I heard him give a quick lecture (~1 hour or so) on valuation, the guy makes it very very simple to understand, appealing to both the freshmen (myself at the time) and seniors in the group. Highly recommended. Probably going to sit in on his FM class next semester if I can drag myself over to Tisch at that time.
Thanks for the help with the pronounciation dacarez. I actually shot him an e-mail but haven't heard back from him yet (might be a very interesting response...).
I don't believe it. Name a company with wrong #'s and I'll check it tomorrow when I'm in the office.
BTW they charge too much per user to have effed up EBITDA #'s(i.e. around $10k/user.)
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