Your picture of investment banking work
Question
What do you understand an investment banker's job to involve?
Short answer
Show an accurate, unglamorous picture. Bankers advise companies on M&A and raise capital through equity and debt issues, and junior staff build models, prepare pitch books, do due diligence and coordinate deals under tight deadlines. Mention the long hours and attention to detail to show realism.
Adapted from Crack, Heard on the Street, Q5.2.20, p.49; question and answer rewritten by SelfMadeQuant.com.
See the hint and the full worked solution in the question bank (free account).
Open the worked solution