Job Responsibilities
Industry and market research concerning our clients.
Offering memorandum preparation.
Financial statement analysis and preparation.
Negotiation support and some negotiation when reaching terms on
purchase agreements.
Preparing closing documentation and disclosure schedules
associated with closing deal documents.
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Job Requirements
The finance classes at Tulane were fantastic, with experienced
and knowledgeable (yet practical for the most part) professors.
getting the good classes was not too hard, as the number of
students was never overwhelming.
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Uppers
Interacting with intelligent, important people from clients, private equity
firms, venture capital firms, law firms and buyers.
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Downers
Hours can be long and there can be long patches of time without
any of the uppers.
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Lifestyle
The dress code has been relaxed overall, although I still like to wear and see
suits. The hours can often be brutal and unpredicatble. Social events are often
entertaining, however they often occur in the middle of a deal, which is already
sucking up most of your time.
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Compensation
Base salary = $81,250
Bonus = discretionary from 0% to 150% of salary (although I have
never seen the latter)
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Advice to Jobseekers
There are probably more fulfilling jobs out there overall, but
actually putting deals together is very satisfying. There are a
lot of ups and downs - so be prepared. It is often feast or
famine. I think the outlook for investment banking as a whole is
pretty good. Firms are starting to staff up again. The M&A side
is really starting to staff up again, as firms are going back to
have M&A groups rather than undustry groups.
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