Job Title: Analyst
Location: New York, NY
Submitted on: 04-Sep-03
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Job Title |
Business Outlook
Survey |
| Analyst |
Product- and industry-specific. It has been trailing some of the other
major competitors for awhile especially in M&A. But the company has
tremendous ability to regain their #1/2 spot. Groups have been
reorganized in attempt for the firm to compete more effectively
Restructuring: Downsizing across all levels and low bonuses have
affected morale. Cost cutting include attempt to lower analyst food
expenses and lack of working office supplies (eg label machines,
working printers, stationary, personalized note pads) FAmed M&A group
was broken up. M&A still exists but it is a very small group. Firm
attempts to integrate coverage with M&A. For some groups that has been
in place for a long time and it is well integrated. For other groups
that are just beginning to do that, difficulties include breaking the
mentality that M&A people are superior to everyone else. And the fact
is, M&A experience is what makes you valuable. This also means that no
matter how bad the economy is doing, you will ALWAYS be busy and
working late nights. There may not be any deals but a group of Senior
Bankers have the tremendous ability to create a mountain of pitch books
which will keep you in the cubicles till 3am and in the weekends.
Efficiency is not a big strength.
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