High Finance

By Tshepo Magagane

“high finance” training – there is a reason why Private Equity/Credit outsources it to Investment banks ie 2-3yr Analyst Training Programmes – it takes resources!

On a daily basis, what you are dealing with means that, your exposure in 6mths is what will take another person 6yrs in another industry!

It is not just the clients; the CEO/CFOs are demanding but the competition as well – you always have to think, they are going to access these marketing materials (and the clients give it to them – I remember figuring out that another bank had done the TV calc incorrectly and that being part of why we won the mandate from them)…

…and then on live deals, even a simple announcement, it is being issued on the stock exchange news service – every investor has access to it!

In my junior years, after a team did a very unique deal, they were obligated to hold a session to walk the entire IBD through it – and it would be mandatory ie you get marked down if you do not attend!

PS:

IBD Training in “high finance” – it is expensive and easy to take it for granted!

So much becomes second nature because you are doing a lot from the moment you go to the 2mths training and then the on-the-job traning…

…you only realise it when dealing with people not from IBD!