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re: How do you feel about young NY investment bankers being worked 80-100 weeks?

Posted on 5/9/24 at 11:21 pm to
Posted by Saunson69
Member since May 2023
1908 posts
Posted on 5/9/24 at 11:21 pm to
Not 50 at a time. If a bank office in a city closes 12 deals in a year, then that's a very good year. These are $100 mil to $5 bil+ deals. 1 alone has a lot that goes with it. They're also working on other deals that no one wants to buy that never really gets them paid besides a retainer fee.
This post was edited on 5/9/24 at 11:22 pm
Posted by billjamin
Houston
Member since Jun 2019
12625 posts
Posted on 5/10/24 at 12:11 am to
quote:

Not 50 at a time. If a bank office in a city closes 12 deals in a year, then that's a very good year. These are $100 mil to $5 bil+ deals. 1 alone has a lot that goes with it. They're also working on other deals that no one wants to buy that never really gets them paid besides a retainer fee.

I didn’t say closed deals. I said modeling and working. High single digit close rate is elite. Most are far lower.
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