M&A Banking Expert Interview - Best and Worst Things About Role
- 01:37
M&A Banking Expert Interview - Best and Worst Things About Role
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In terms of the best things of working as an M&A analyst in an investment bank, for me it was the excitement of seeing the deal that I was working on being covered by the financial media, by the international press. It's really quite interesting 'cause there you are, a few weeks just out of university, and the deal you're working on is now on the front page of The Financial Times or The Wall Street Journal. Admittedly, as a junior banker, you would not have been involved in the really, really interesting negotiations or been privy to all of the management board decisions. But knowing that your contribution, however small, is part of that sort of wider effort that then makes it to the international press, is a pretty heading feeling. And actually, it's something that just grows as you progress through your career because as you're more and more senior, you obviously have a more hands-on role and you absolutely feel that you are actually getting this to go ahead. In terms of the worst things, to me was worse than the late hours and the stress was having to manage expectations. As a junior banker, it's particularly hard because you get very little say in the matter. Your client wants something but they don't come to you directly. They tell the MD or the senior banker and that feeds down to you. So now you've got to manage both your senior banker's expectations and the client's expectations. And that's really quite a challenge. But it is short-lived. And then once you get over that and once you get more and more senior and you have more of a direct relationship with the client, it gets easier to manage.