What exactly does an MD do on a daily basis?

So I think I get the basics of what an MD does - source clients for deals, such as acquiring a company and provide advice on the deal, for example - but I am still confused on what they do on a day to day basis.

When they're on the road, they are obviously trying to sell to the clients, but what about when they're in the office? The younger monkeys take care of all of the grunt work, so what do they spend 40-60 hours a week doing? What types of personality traits are essential for achieving this position and succeeding on the job?

Some more insight from folks in industry on their day to day responsibilities, concerns, etc. would be great!

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Comments (9)

Mar 29, 2012

write emails, dictate work and travel A LOT

Mar 29, 2012
Mar 29, 2012

Depending on the MD and the firm, he or she might spend significant time managing deal processes as well. This is particularly true in a boutique environment.

Mar 29, 2012

hey, at least maybe they know a good banker who can securitize it for them...

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Mar 29, 2012

$200K in cash before taxes barely covers a nice condo for a year in the city...let alone child support.

Mar 29, 2012

That website in general is a riot.

Mar 29, 2012

I stay the hell away from those sites because I'm paranoid

Mar 29, 2012