Originally Posted by fuji
Yeah, but it's fucking boring and most of the day you feel like you're doing bullshit no one cares about because when someone is buying a multibillion dollar company are they going to give a shit that you forgot to use your investment banks colour to represent them in a pie chart or you have too many bullet points on that slide or your text is too close to the company footer. Then on the occasion you get to do financial modeling no one is going to give a shit about your football field because you worked backwards from valuation numbers you wanted to get predicted earnings. I'm sure at the MD level it's great, but I don't believe anyone has ever given a fuck about a pitchbook and they're essentially just a physical manifestation of the investment banks fees because when your doing a huge acquisition you do your own research.
lol, you were an analyst. Of course it sucked and was fucking boring. The fun part of being in M&A is learning about all the different businesses and how they work, networking and meeting clients and company execs/owners, and (for the buy side) driving investment returns. Anyways, not sure why you didn't just do IBD->PE like most. PE is best of both worlds and you can move to HF/AM easily if you don't like it.
Also this'll probably rustle your jimmies but we look at a CIM for a grand total of ~20 mins before putting in a bid.