A day in the life of an investment banking analyst

Employee: Sean

Industry team:
Diversified Industrials & Services

Location:
Minneapolis, MN

Education:
Boston College

8:45 Arrive at work and catch up on and reply to any urgent emails

9:00 Browse headlines for any major transactions and send related articles around to industry team

9:30 Grab a coffee with other analysts

10:00 Draft Confidential Information Memorandum (CIM) for sell-side M&A assignment for an IT services company, which involves:

Searching company-provided materials for information relevant to potential investors
Working with the CFO to request, organize and synthesize documents to be used to create charts, diagrams and other content
Conducting industry research on historical and projected size of market, major competition, industry trends and consumer demographics

12:00 Participate in financial diligence call for co-managed IPO, taking notes to be distributed to the broader Piper Sandler deal team

12:30 Participate in CIM drafting call with the company, reviewing key growth initiatives

1:30 Pick up lunch with other analysts

2:00 Continue to work on a pitch for the potential sell-side of a food distributor, which involves:

Presenting Piper Sandler’s qualifications, experience and prior transactions within the industry
Preparing company valuation with discounted cash flow, leveraged buyout analysis, public comparables analysis and M&A comparables analysis
Creating buyer profiles for potential strategic and financial buyers
Sending draft of pitch to the presentation center for development

3:30 Review pitch with associate, turn comments and send out to the deal team for final signoff

4:00 Grab a coffee with other analysts

4:15 Continue creating new slides for a management presentation for the sell-side M&A assignment of a live events and entertainment company, send revised draft to client

6:00 Receive final comments, finalize and print pitch

6:45 Order dinner with other analysts

7:30 Organize diligence files from company and upload to data room

8:30 Check ESPN for sports scores or watch overtime game

9:00 Incorporate comments and changes from CIM drafting session

11:00 Distribute revised version of CIM and set up next drafting call

11:05 Head home