Published: May 15, 2021
We've asked insiders at leading investment banks to offer us insight into a day in the life of their position. Here's a look at a day of a senior associate at a major investment bank.
6:00 AM: Wake up.
6:30 AM: Jump into car to go to the airport.
7:00 AM: Meet MD in line and take shuttle [from New York] to Boston for client meeting, lugging eight books.
9:30 AM: Pitch client with a few M&A ideas and some financing strategy, stumbling a bit in part of the pitch, so the MD helps out.
11:00 AM: Drive high speed back to the airport to catch 11:30 a.m. shuttle.
11:28 AM: Make flight by two minutes.
1:00 PM: Back in office. Call desktop support because BlackBerry and cell phone are acting weird again, then quickly clean out e-mail inbox.
1:30 PM: Conference call (running customer due diligence for a deal).
2:30 PM: Meet with first-year associate and analyst to go over follow-up from the morning meeting. Give them an outline so they can start working on modeling/presentation.
3:00 PM: Call a few clients to see what's new.
5:00 PM: Do some work on filing for a deal, and schedule the next drafting session.
8:00 PM: Do some work on various other pitches.
10:00 PM: Leave and meet boyfriend for late dinner. Spend part of dinner on now-fixed BlackBerry and cell, going over various issues with associate and analyst.
“New hire’s remorse”—at least under this name—is a recent phenomenon that we broached last week. Also called “shift shock,” it arises when an employee regrets taking a job because it isn’t the right fit or is completely different from what was expected.