Investment banking analysts are responsible for working on pitches and deal execution in healthcare investment banking groups.
Regarding working on pitches:
Managing Director sets up a client meeting: The MD informs the team, including an Analyst and a VP or Associate, about the meeting and outlines the pitch ideas.
Vice President refines pitch ideas: The VP translates broad ideas into specific pitchbook content, such as detailed analysis and strategic rationale for each target.
Analyst creates pitchbook: The Analyst's role involves financial modeling, Excel-based analysis, industry research, and marketing slides creation to develop the pitchbook.
Repeat: Analysts handle multiple pitches simultaneously, gaining proficiency in the process.
Concerning working on deals:
Deal work involves diverse transaction types and higher stakes compared to pitches. Some unique aspects include:
Internal committee approvals: Prior to deal execution, senior banker approval is required, necessitating a comprehensive memo presentation detailing deal terms, rationale, and financial analysis.
Due Diligence: In M&A deals, Analysts assist in facilitating due diligence, managing data rooms, preparing responses, and coordinating information exchange between parties.
Marketing materials: Analysts create deal-specific marketing materials like management presentations, Confidential Information Memorandums, and other documents tailored to the deal type.
While the technical aspects are essential, the analyst experience is also shaped by interpersonal interactions, long hours, the work environment, and the learning curve. The role offers a dynamic and enriching experience, driven not only by the tasks but also by the overall learning journey and fast-paced environment.
Comments