Responsibilities of an Investment Banking Associate at a Middle Market Investment Bank
Jonathan, a Middle Market Investment Banking Associate, leads "all of the work streams," including analyzing data and creating presentations for clients throughout mergers and acquisitions (M&A) processes. This involves "prep phase" work like prospecting buyers and compiling data, and the "diligence phase," responding to buyer inquiries and questions to facilitate the deal's closing.
Data Analysis, Financial Analysis, Project Management, Communication, Teamwork
Advizer Information
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Jonathan Freeman
Investment Banking Associate
Middle Market Investment Bank
CWRU
UCSD Master of Finance, UCLA FTMBA
Economics
Finance (Banking, Fintech, Investing)
Finance
Student Athlete
Video Highlights
1. Associate leads grunt work, including all analysis and presentations for clients.
2. In M&A, the associate leads two key phases: (1) prep (prospecting buyers, gathering data, creating presentations), and (2) diligence (answering buyer questions and requests for information).
3. The associate plays a critical role in gathering data (financial, invoice, etc.) and condensing it for investor presentations and buyer due diligence.
Transcript
What are your main responsibilities within your current role?
The main responsibilities of an M&A investment banking associate typically involve leading all of the grunt work, in a sense. You lead all the work streams for analysis and client presentations, working on these with the analyst. The VP and director may also help, but you are ultimately in charge.
An M&A process can be thought of as a funnel. Early on, you are prospecting buyers and preparing information into a presentation for interested investors. This involves gathering data, such as invoice and financial data, and condensing it for the presentation. This is the prep phase.
As the sale progresses, you refine this information, which turns into diligence. This is when buyers ask more in-depth questions about the company you are selling. You lead this phase by interacting with buyers and helping them answer their questions.
You lead both the prep and diligence phases of a transaction. Prep is before you introduce the company to buyers, and diligence happens afterward. Once diligence is complete, the transaction is close to closing. These are the two major phases an associate is heavily involved in.