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What does an IB Analyst do ?

 
#1 What does an IB Analyst do ?
16/03/2007 09:49

Please Enlighten Me.

There are posts here on this board of 2nd year IB analysts earning upwards of 100k+

Can someone please tell me what kind of work a 2nd year IB analyst does ?

(I mean is he trading ? coming up with exotic instruments ?? What ?)

The second question would depend on the answer to the first. Is that work done by this analyst really worth 100K ??

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#2 RE: What does an IB Analyst do ?
16/03/2007 14:59

Mii to Please Enlighten Me. (#1)

I'm not an expert but I think they prive derivtatives? "WTF?" I hear you ask?

When it comes to what you can buy and sell in the financial world, it's not a simple matter of buying and selling shares. There's all sorts of financial tricks you can use to reduce risk and maximise profit. Derivative is one such type of intrstument. It goes something like this "I'll pay you £1 now for something that's worth 90p, as long as I can sell it back to you for £1.10 in 1 years time. To deal or not deal? - that is the question. An analyst would therefore build complicated models to work out whether you go for it or not. Tey have to be good models, as we're talking millions of pounds moving aruond here. Exotic derivatives are just a fancy name used when dealing with a mix of different types of instruments.

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#3 RE: What does an IB Analyst do ?
16/03/2007 15:00

Mii to Mii (#2)

prive = price

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#4 RE: What does an IB Analyst do ?
16/03/2007 16:00

IBer to Mii (#3)

ahem. please, lets try to give sensible answers.

1) Investment Banking is a real broad term. It encompasses everything from M&A, to lending, financing, DCM etc. Trading is NOT IBG - it usually falls under Equities / securities.

2) A second year analyst in M&A will be in charge of valuations - usually part managing a model with a senior associate. He will liaise with the press and the lawyers, do ad hoc work for the transaction and even bind documents. But 90% of his / her focus will be around the model. They will be central to the transaction.

Your salaries are also wrong. A second year analyst in a bulge bracket, doing IBD will be from 40k to 50k with another 30k to 60k bonuse. 150k + perhaps in trading. In hedge funds its likely to be 10 times that.

Is the work worth it? what a stupid question. ask yourself instead why your work is worth only 25k.

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#5 RE: What does an IB Analyst do ?
16/03/2007 16:39

Lehman Brother to IBer (#4)

True i went from MC to trading, (Strat house to BB) - I had to start over again as an a1 - -but it was worth it. I work 7 to 7 ( just for the markets) and last year i had a base of 47 and a bonus of 129k.

its a good move!

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#6 RE: What does an IB Analyst do ?
16/03/2007 17:02

hardhat to IBer (#4)

A little knowledge can be a dangerous thing.

What currency are you talking about to start with anyway?!

Why are you asking a pure IB question on a consulting career forum?

Your last question is quite naive.

Even if you only looked at half a dozen ads on an IB job site, it might not tell you if each and every post is going to be 'worth it' as you put it. It might enlighten you though as to the kind of work involved in some of these jobs.

There are however other possible dangers suggested by your questions.

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#7 RE: What does an IB Analyst do ?
16/03/2007 17:15

IBer2 to hardhat (#6)

sterling. and these salaries only exist in london, new york and HK for the majority.

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#8 RE: What does an IB Analyst do ?
18/03/2007 16:53

Lehman 2 to Lehman Brother (#5)

I too worked for an MC and have joined this BB. Which team are u in? Can u share any advice how u made the move to trading? thnx

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#9 RE: What does an IB Analyst do ?
18/03/2007 16:54

Lehman 2 to Lehman Brother (#5)

Lehman Brother - I too worked for an MC and have joined the same BB. Which team are u in? Can u share any advice how u made the move to trading? thnx

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#10 RE: What does an IB Analyst do ?
19/03/2007 10:12

Lehamn Brother to Lehman 2 (#9)

I went from an a2 in a MBBB to an 1st year analyst on the trading scheme of a bank.

Had to start back from square one, but in the long term its OK!

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