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LoginSo, another analyst friend of mine has broken up with her boyfriend. I'm not surprised: almost everyone I know has broken up with their girlfriend or boyfriend in the first year of a banking career. The difficulty of sustaining a relationship is an unintended consequence of taking an investment banking job. Most people are aware of it, but think it will never happen to them - until it does. You are going to have a lot of drastic life changes when you start out in banking. There'll be a change in location, social circle, the start of your first full-time job, and more importantly the complete change to your daily schedule. As the junior in the team, maintaining relationships will be complicated. Your time is not your own, and you will be coping with the hectic working hours of hours a week. Of course, you will try to deal with this. You will try to maintain daily communication with your partner via calls and texts.
My wife was in labour with our first child, and on the way to the hospital. My MD Philip was an awkward character, but surely the birth of my first born was sufficient excuse to leave early and let the juniors handle the presentation. But make sure you are on the 8am run through tomorrow. I had known if the baby came early it could clash with the pitch. But the realisation that I was being permitted the rest of the afternoon off to meet my new child before being required back at the coal face, was when something finally snapped. By my calculations that would give me about minutes paternity leave.
Investment banking is a relationship-driven business. In order to win deals, investment banks need to prove to clients that they have established strong relationships with decision-makers, including private equity firms and strategic acquirers. As an investment banker, the key to success is your ability to use your network. LinkedIn and other traditional social networking platforms reinforce this view, using vanity metrics such as the number of connections or number of followers to determine the strengths of your relationships. As Trevor Hulett, a managing director at St. Louis, Missouri-based investment bank R.
In this post, we want to expand this discussion based on questions that we have received from a number of our readers. Some CEOs and founders may think that they have many better ways to spend their time than to talk with investment bankers and that every second should be spent building and improving their company. We understand the sentiment. Perhaps some CEOs and founders have Board members who have told them that they should not bother to meet with any bankers until very shortly before the company is ready to hire them for a deal.
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