Investment banking associate

A day in the life

 

Associate Profile

Employee:

Callie

Industry Team:

Clean Technology

Location:

Minneapolis, MN

Education:

MBA, Washington University

Masters of Arts in Teaching,
The Johns Hopkins University

BBA, Finance and Accounting,
The George Washington University

History:

Joined Piper Jaffray in July 2012
(Summer Associate, 2011)

Prior Experience:

Teach For America corps member in Baltimore, MD
(second grade teacher)

Callie

A Day in the Life

6:00 Wake up, check emails, walk dog
8:00 Arrive at work, check voicemail and calendar, read through e-mails and to-do list
8:30 Read WSJ.com and Dealbook
9:00 Review valuation work prepared by analyst the night before for upcoming board meeting
10:00 Run diligence call with management team and potential investor
11:00 Begin work on a sell-side confidential offering memorandum—business overview, investment highlights and growth sections
12:00 Meet with managing director and principal to call strategic buyers with updates for sell-side deal
12:30 Lunch at desk while chaperoning intellectual property diligence call
1:30 Work with analyst to update private placement pitch based on senior banker comments; review industry research
2:00 Conference call with client to discuss management presentation for the upcoming road show
3:00 Internal planning call with deal team and equity capital markets; set plan of action for managing process and timing
3:30 Conference call with chief financial officer of sell-side client to review company model
4:30 Write summary of the day’s sell-side deal activity and dataroom requests and forward to internal Piper Jaffray deal team
5:00 Check in with all deal teams to review deliverables for clients and next steps for the night and next day
6:00 Mark up changes, grab dinner and continue working on Offering Memorandum
11:00 Head home

There is no typical day in investment banking, which is what makes it an exciting career. A high energy level and a positive attitude will go a long way. Be ready to think quickly on your feet as you may have to travel at a moment’s notice.

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