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What does an investment banking analyst do?
How do you get hired an an investment banking analyst?
In London, most of the analysts are hired from the best Undergraduate and Master Degree programmes of top universities across Europe – everything except MBA programmes and some PhD programmes (those will join as associates).
Analysts can get their offer after a successful internship that was done during their studies, or directly after going through investment banking assessment centers. Students that get an offer will start as a “first year analyst” and join an intense training programme that is called the “analyst graduate programme” before starting at their desk, typically in August or September.
Investment Banking Analysts and Associates Best Practices
This is an extract of Merrill Lynch's best practices and behaviour that it used to give to its Investment Banking Associates and Analysts. This is a great summary of how you should behave as a junior banker to clim the ranks quickly.
1) Have a great attitude
This means that you should not complain, even if the job is very intense and very demanding. This also means that you should have a positive attitude in difficult situation and have a "let's solve this problem" attitude. It also involves being proactive and being friendly with all of your colleagues, below and above in the hierarchy.
2) Work hard
8 tips on how to avoid work as an analyst
We ran a survey of our readers and colleagues, and here is a compilation of their most valuable tips on how to avoid work, leave a good impression, and retain some sanity as an investment banking analyst. Junior bankers and not the ones that will close deals or bring business, therefore, impressions you leave will be a big driver in your year end appraisal, as opposed to actual revenue generated.
# 1 Do not always answer your phone, and let the calls go to voicemail or let people emails you so you get time to prepare an appropriate strategy and subsequent reponse.
The Investment Banking Analysts Rules
Now that you have gone through the investment banking interviews and signed your contract with BigBank and that you have permanently infiltrated the ranks of the investment bank full time staff, take a few minutes to consider the following advice based on our combined decade of investment banking wisdom.
Rule #1: Do not be a smartass
A day in the Life of the bitter investment banker
A day in the life
From ‘The Bitter Investment Banker’
6:15. Alarm goes off. I’ve told myself I’m going to start working out in the mornings. All those late night M&Ms sweets. A quick calculation , two hours and fifteen minutes of sleep. Not too shabby. Only five or six coffees required to get myself out of bed. That beeping noise; there must be a bunch of sound technicians tinkering away in a room trying to find the perfect frequency to completely crush my soul.
8:20 ****. That infernal Pavlovian pushing of the snooze button. Ten minutes until I’ve got to be at a pitch. Can’t remember what it’s about though, stayed up until four in the morning cranking it out.
