![]() ![]() He basically told me to do an analysis a completely different way than the guidance provided by the head of m&a and told me to "trust him and keep it between us." I trusted him and when I turned it in the next day (sleeping about two hours), the head of the m&a team was infuriated. I worked through the clock and the night before it was due, I sat down with the bond VP and he provided his critiques on the presentation. There was a tight deadline (two days) and the m&a guy told me how much responsibility he was giving me so I naturally cared a great deal. VP Completely Threw Me Under The BusĪbout six months into my time on the M&A team (about a year and half in), I was staffed on creating a portfolio analysis for an existing client and as per usual, the bond VP would provide me guidance on how to complete it. Because I didn't have the m&a background, there was a well-respected VP on the bond team that gave me guidance on m&a work because the head of m&a was focusing on business development instead of simple deal execution. When I first started to work exclusively in m&a advisory, it was a fantastic learning experience and where I worked tirelessly (80-100 hour weeks) and learned so much about operating companies over the next 9 months. So when the m&a guy joined the team about a year in, I was staffed working with him instead of focusing on the less detail oriented bond issuance focus. I read that once on WSO and it has really served me well. Over my first year, I would usually be staffed on tougher deals/projects than the other two analysts on my team usually because I focused on simply not making mistakes. When I joined, our team initially focused on a specific form of bond issuance after about a year, we brought on a guy that headed up the investment banking group at an "elite boutique" (think greenhill/Lazard) so we could enter the m&a advisory space. My team was small and although our brand is large in the a select space, it's not known for IB capabilities. Background Story:įor some background - I entered investment banking (entity level capital raising and m&a advisory) coming from less than a year at a real estate broker and before that, coming from a non-target school. TLDR: worked hard as analyst thrown under the bus on a project and pushed out landed on my feet. It's been about two years ago and when I was going through everything, I didn't see much coverage on here and I wanted to give back. Hi WSO - been lurking for a while and wanted to share my experience of being pushed out.
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