Posts Tagged ‘investment banking analyst’

A Week In The Life Of An Investment Banking Analyst: Sunday & Monday

One interesting bit of feedback I received from my survey the other week was that my “Day In The Life” posts were among your favorites. Whether it’s the worst day or best day, everyone’s interested in… what bankers actually do.

In the spirit of those previous posts, this week I’m posting an entire Week In The Life Of An Investment Banker. Today I’ll cover Sunday and Monday (what, you thought we had weekends off?) and each day I’ll cover another day of the same week.

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The Farewell Email: How To Go Out In Style

Friends and colleagues,

After two very educational years, the time has come for me to leave Goldman Sachs. Beginning in August, I will be moving on to my next adventure, The Carlyle Group in New York. I have attached my updated contact information below, and look forward to keeping in touch.

Warmest regards,”

-Breaks In The Track, The Leveraged Sellout

Most Mergers & Inquisitions readers out there are looking to get into finance. Why else would I write so much about investment banking resumes, investment banking interviews, and what to do if your summer internship plans don’t quite work out?

But every year in late June and early July, there’s an exodus of 2nd and 3rd year Analysts at investment banks (and even some 1st years who have found an exit opportunity and are brave enough to leave early).

And with that exodus comes a flood of “Farewell” emails.

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Headhunters: Friend Or Foe?

“My name is Rebecca Nicholson. I’m a recruitment consultant at Assbury Moron.” This HR chick has obviously mis-dialed and has no idea that this is not Assbury Moron, or wherever else she’s looking for.

“A recruitment consultant. A headhunter. Are you free to speak for a few moments?”

A headhunter! Wow. Ok. Sure you have time to speak!

“Um, er… yes” you mumble in a whispery voice as you stand up and walk away to find a little privacy. Like it isn’t suspicious enough that an unknown caller rings and after they introduce themselves you get all secretive and hide, but you obviously don’t realize this as it’s your FIRST HEADHUNTER CALL!!!!!

“Um, er… yes… I can speak now”

“Great,” says Rebecca, “Mike, I’m calling because you’ve been recommended to me and I would like to see if you’ll be interested in coming in to see a private equity firm for an interview.”

-The Kruelberg Kretin Saga - Episode VI: The Headhunter Call, The All-Nighter

With everyone on Wall Street getting fired and those who haven’t been fired looking at other opportunities, I’ve seen lots of discussion lately around headhunters.

There are many misconceptions out there about what headhunters actually do, how they get paid (hint: by the firms they work for), and who they work for (hint: not you).

I know there are some Mergers & Inquisitions subscribers who work at well-known financial services recruiting firms, so I’ll try to write this post without stepping on anyone’s toes too much. :)

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Mergers & Inquisitions Core Content

What is Investment Banking?: Ari Gold: What Bankers Actually Do, Why NOT Do Investment Banking

Investment Banking Lifestyle: A Day in the Life - Worst Day and Best Day, How to Stay Fit, Investment Banking Wardrobe for Men, Investment Banking Lingo Part 1 and Part 2, A Week in the Life (Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday)

Breaking into Finance: How to Get an Investment Banking Job, Networking into Investment Banking, Recruiting in a Tough Market, Breaking in from Engineering, Breaking in from Law, Breaking in from the Back Office

Investment Banking Resumes: How to Write an Investment Banking Resume, How Investment Bankers Read Resumes

Investment Banking Interviews: Investment Banking Interview Guide, The Interview Selection Process, How to Close Your Interviews

Summer Internships: Summer Intern Success Guide, How to Dominate Your Summer Internship, Tips from a Former Summer Analyst, What You Do as a Summer Analyst, 10 Summer Internship "Don't's", How Summer Interns Get Full-Time Offers

Investment Banking Salaries: Investment Banking Salaries vs. McDonald's, Why Investment Bankers Make So Much Money, 2008 Analyst Bonuses

Private Equity / Buyside Jobs: Private Equity Resumes, Private Equity Interviews, The Myth of the Buyside Job, Headhunters: Friend or Foe?

Specific Groups: UBS LA, Boutiques, Restructuring, The Back Office

Quitting Finance: The Conference Room: How You Get Fired, The Farewell Email, A Day in the Life of a Former Investment Banker