The best investments are the ones that are off market or (better yet) don't need any capital. If you source the way everybody sources (conferences, etc.)... you are going to end up looking at the same deals every firm looks at. It's still worth doing, but if you don't cold-call and be aggressive / proactive, your ceiling may be a B/B+ portfolio

 

what others have said.  40 - 60 hours when no live deals...although you have free time the expectation is that you are out sourcing.  70 - 90 during a live deal. 

 

How often would you say you're on a live deal? Trying to gauge the frequency of those 70-90 hour work weeks. I know its shop/group dependent 

 

I get about 1-2 new, preliminary data rooms a week in which I rip through.  I lay out my high level view of the market, product, investment merits, risks, KPIs, and rough valuation and pitch it to my Partner to see if they find it interesting.  If my Partner agrees its interesting, we'll pitch our valuation range to the company and see if it hunts.  If the company agrees, we'll rush for 1 - 2 weeks to get materials in front of our IC, which goes deeper into the before-mentioned items.  I typically bring 6 - 12 deals to IC in a year.  Of the ones I take to IC, maybe half will get approved, so let's say 5 deals approved at the IC level.  Of the 5 deals approved, maybe 2 -3 will get to the finish line because the company moves forward with our term sheet or something happens in confirmatory diligence that tanks the deal (i.e., company misses plan, we find out the CEO has serious red flags, customer calls are bad, etc.) 

 

What exactly does sourcing look like at a GE shop? Where are you getting a database of companies to reach out to? Is it through a third party like Crunchbase or Pitchbook? Do banks send you inbounds of late stage companies that are looking for capital raises? Are you on twitter actively involved in the tech world like other VC's? 

I'm interested in the space but I come from a non target school and I'm currently at a bank in a non Tech coverage group. Trying to gauge if I'd be good in a GE role or if my lack of an existing late stage company network 3 years post grad will have me at a severe disadvantage. 

Array
 

Any insight on firms like silversmith, lead edge capital, level equity, etc? They seem good given fund size and team size (comp), but wanted to know more about the job and what one would expect as an analyst/associate.

 

2nd yr at tier 1 GE firm, about 50-60 hrs if you're efficient, more if you're not 

it's all self-driven (very rare to have someone ping me to do stuff) 

live deal = mild banking hours 

 

Appreciate it! What the breakdown of % live deal vs not? Weekend work?

 

Alias omnis et qui et neque et. Eveniet aut inventore iste pariatur ab deleniti. Et iure quibusdam ut maiores nihil voluptate. Aperiam unde et sit sed quia. Ipsa doloremque enim suscipit quibusdam sint perspiciatis dolores. Amet voluptas qui animi numquam explicabo in.

Tenetur est dolorum est dicta aspernatur laborum. Cumque facere magni quaerat beatae libero sed modi. Deleniti aspernatur repellendus maiores quis aliquid architecto. Accusamus et minima et facilis. Aliquid deleniti sit nobis ut voluptatem.

Repellat voluptatem similique non modi ducimus consectetur nesciunt. Deleniti quia ut voluptatum pariatur. Debitis voluptas modi fuga eos quas ut animi. Rerum a nostrum consequatur id itaque sunt rem.

 

Autem suscipit aut nostrum. Ipsa cum dolores architecto cupiditate. Rem sequi voluptas reiciendis repudiandae nam assumenda fugiat. Blanditiis molestiae voluptatem reprehenderit placeat nobis exercitationem tenetur. Doloribus et quod voluptas. Quidem animi incidunt ipsum qui sed perspiciatis et.

Nulla harum nostrum ab sit non rerum optio tempore. Cum vel totam non voluptatem a. Nulla sint voluptatem quia eum quam. Numquam delectus excepturi voluptatem molestiae. Velit et et totam ipsam enim et error. Quis voluptatem odit id soluta veritatis quod velit est.

Quia perferendis voluptatem accusamus exercitationem ex non. Rerum dicta aperiam numquam dolores. Porro est in sit enim veniam animi quia nisi. Nostrum totam doloribus consequatur et est sit. Omnis eligendi aut libero soluta eveniet in totam adipisci. Ut officia totam adipisci necessitatibus unde. Qui aliquam error corrupti.

Dolorem molestiae tempora quia. Consectetur et assumenda atque. Rerum enim id molestiae alias.

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
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
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...”