| Topic Name: |
What does an analyst do? Typical Week |
| Message Name: |
bankers who.. |
| Date Posted: |
05/24/2000 |
| In Reply To: |
'Typical day'
6:30 am Alarm rings, press snooze button 'til 7:15. Skip breakfast and quickly skim the WSJ. Rush down to the subway.
8:00 am Weekly Equity Capital Markets meeting. We get market color from the equity technical analyst. Discuss the possibility of doing an IPO for a client we did a $200MM loan for last year. They need more money for further acquisitions. Our turnaround time for the client was great and the banking relationship has now expanded into our area of the dealer.
8:45 am Catch up: answer e-mails (over 50!) return phone calls, proff pitchbooks. Eat my breakfast of champions at my desk - Bacon n'Egger Combo! Check the gold price on Telerate - still below $260 (ouch).
9:45 am News of a big mining company sale in Australia comes across the wire. My Associate asks for analysis of the deal. I dig up the company's press release, an old model we did on the asset, research similar transactions and begin crunching the numbers.
10:45 am Interrupted to reread a loan credit application that is to be submitted to one of our industry team VPs for her recommendation. Discuss and fax a client's F/X credit line to one of our F/X traders who wants to confirm limits and approval.
12:00 pm Distribute my analysis on the Australian co. to my team members and head off to a quick lunch (15 min) with a co-worker at the Food Court.
12:45 pm Surf the Net and Bloomberg to research a potential client prospect. Scope out what the company does, how big they are and do some financial analyses to determine whether or not they are a worthwhile company to pursue.
2:20 pm Meet with my Industry Team Leader to report my findings on the prospect client: I recommend not pursuing as they aren't big enough.
3:00 pm One of my first clients was bought out by a competitor last week while I was away. Get up to speed on the transaction and with the company's Head of Treasury to ask about their capital requirements going forward. We had negotiated a comfort letter for an acquisition they were going to make, and I want to determine if they will need it in the future. Good to get his clarification and touch base with him again.
3:20 pm Spend the rest of the afternoon working mainly on financial analyses for two different deals. One involves either a loan or a debt private placement as a bridge to an IPO, and the other is a straight renewal of credit facilities.
6:00 pm Asked to help with an investment banking pitch for one of our team's VPs. 30 pitch books need to be produced by 11 am tomorrow! We triple-check the numbers and give the presentation a thorough read before starting production.
7:00 pm Get home and drop my stuff off before going to Dragon Boat practice.
8:50 pm Cell phone rings. It's the team Associate (my stomach starts turning). An important client has an issue that needs to be resolved by early morning. I'm asked to come into the office to double-check the comparable trading statistics (comps) we used in the valuation. I phone my friend to cancel our plans for the evening and promise to make it up later.
9:30 pm Back in the office. Get the low down from the Associate and immediately call Pizza Pizza on speed dial (it's going to be a late night). Sit down and begin crunching numbers.
1:30 am Get home and head to bed.
Again, results will differ.
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| Message: |
could any of these bankers describing their typical days tell me what bank you work at, or at least what rank # and if it's in the top 10 or top 5? thanks..
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