A Day In The Life Of An Investment Banking Associate At An Investment Bank
A day for an investment banking associate involves working on "six to eight deals" simultaneously, each in different phases and industries, leading to varied responsibilities like creating pitch decks, researching marketing materials, managing data rooms, and compiling "70-page decks" with financial and industry information. This constant variety and substantial responsibility ensure continuous learning and a dynamic career progression.
Financial Modeling, Mergers and Acquisitions, Deal Execution, Presentation Skills, Industry Knowledge
Advizer Information
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Company
Undergrad
Grad Programs
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Trent Hammond
Investment Banking Associate
Global Investment Bank
University of Illinois at Urbana-Champaign - 2017
UCLA Anderson School of Management - MBA
Finance
Finance (Banking, Fintech, Investing)
Finance
Took Out Loans, Student Athlete
Video Highlights
1. Associates work on 6-8 deals concurrently, each in different phases, leading to diverse daily tasks and industry exposure.
2. Daily tasks include creating pitch decks, marketing materials, managing data rooms, and preparing confidential information memorandums (CIMs).
3. The role offers significant responsibility and constant learning, with responsibilities evolving throughout one's career at the firm.
Transcript
What does the day in the life of an investment banking associate look like?
From my experience, which may differ slightly from a full-time role, I'll try to give you my picture of what that looks like. As an investment banking associate, from what I've seen, I'll be working on anywhere from six to eight deals.
These deals may be in very different phases of the deal process, so the day-to-day responsibilities change. Not only do the responsibilities change, but also the companies you're working with. They may be in completely different industries.
If you're specifically in M&A, or if you're in an industry-specific group, you may be working with companies within the same industry. You'll also be working on different parts of the deal phase, which is nice because there's some volatility in what you're working on. You're not doing the same thing every single day.
From what that may look like, you could be putting together a pitch deck if you're trying to win business to help a client eventually go through financing options or a sale. Outside of that, day-to-day responsibilities could include looking up marketing material to best place your client for an auction or a deal.
You could also be working with the company on the data room to understand what material investors are looking at and how to get that material from the company into the data room. Additionally, you may be working on confidential information memorandums. This includes a 70-page deck where you put all the company's financials, industry placement, and evaluation expectations.
The nice thing is you have a lot of responsibility and different types of work on a daily basis. Responsibilities will change throughout your career, so there's a lot to learn honestly on a daily basis.