Related Posts
Bowl Leader
Additional Posts in Investment Banking - IBD
Coach
pinpoint parters are the absolute worst lmao
Mentor
Thoughts on analyst to associate promote in IB?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
As an analyst you’ll learn a lot on the job. Biggest things id say are:
1. Understand what your role is. Unfortunately, there’s a good chance you’re in the “trash” role. You’re always on call for updates and will have late hours. The attitude and availability you give are a major factor in what determines what people higher up think of you, and for what it’s worth, the hours do get better but you have to build the respect.
2. When you make a mistake, which you will it happens, just do your best to not make that same mistake twice.
3. Always double and triple check your work. And if you need to, step away and come back to it. You’ll be surprised how many busts you can have in a deck or a model that you’d never notice because you are too in the weeds. Just stepping away to get water and coming back with “fresh” eyes can make a major difference
Hi, I was in corp dev and pivot to IB. Tips
1) absolutely relationship based business, networking and keep in touch
2) know your basic well, biws materials on modelling does a good job
3) learn from your mistakes and don’t make them again will help get seniors to investment in your development because they sees the roi
If you want the best answer, find someone on Linekdin who did FDD>IB.
Currently in FP&A/corp dev role. I can’t fully answer your question, but talked about this topic in recent Superday, so maybe you find this helpful?
1) you may struggle with being overconfident in simple work, like building decks or refreshing models. Because you aren’t straight out of school, I would really humble yourself as if you were. Echoing the other response, you can’t afford to make mistakes twice - even worse I assume when you are coming in with FDD experience.
2) basically the same advice, but don’t try and be too smart. I’ve talked a lot with friends and my impression is that similar to FP&A, 90% of being a junior is about getting things right and building trust. They don’t care if you bring value the first year - realistically you can’t. They just want you to trust you to do the boring shit THEY don’t want to have to do. Mess that up, and you’re fucked.
3) Banking training pushes you to know excel/ppt shortcuts and be a wizard, but I can’t imagine that’s actually the best practice. Go intentionally slow, and be certain to start. Curious if people in IB agree.
As someone in IB who has worked with several different types of analysts under them I completely agree. Slow is fast. One thing I’d add is communication is powerful. Everyone wants an analyst on their team that can “do everything” and is always able to take on the task. But the truth of the matter is you will hit a point where you can’t. You get staffed on several things at once and everything is “due now”. I would much rather have an analyst tell me they’re working on xyz and have this timing etc. but once they get that done they can hop over. With this I can slide in and pick up the weight as needed, or if the area we’re working on is more important I can have the conversation with the other team to figure out which is more important. What makes this tough is when an analyst says “yeah I can do that” and then 3+ hours later I don’t have an update and am on a tighter crunch time to get it out.
Get ready to work 18 hours straight.