A Day in the Life of an Investment Banking Analyst at UBS

A Day in the Life of an Investment Banking Analyst at UBSA Day in the Life of an Investment Banking Analyst at UBSIf youve ever wondered what an investment banking analyst can possibly doing at 305 a.m. in a taxi on her way to a managing directors apartment armed with a handful of pitchbooks, check out the below a Day in the Life of an analyst at UBS.715 a.m. Wake up and go for a ansturm before getting ready for work you know you wont have time to go to the fancy gym you joined if you wait for a break later in the day.915 a.m. Leave for work. Youre technically supposed to be there by 9 but tend to roll into the office between 930 and 945 on days you dont have any urgent morning deliverables. Call mom and dad while walking to work. From your apartment its a 20-minute walk, which is the perfect amount of time to assure mom youre okay and not on the edge of a nervous breakdown when she grumbles about what time you left the office last night.930 a.m. Eat a bowl of cereal at your desk wh ile responding to the emails you received while you were sleeping the night before. You notice that you received an important email that your inbox filters accidentally moved to a folder that doesnt appear on your Blackberry. Luckily, you stayed late last night to complete the LBO analysis you were working on and youre able to respond to the email right away.1000 a.m. Meet with your deal team in your MDs office to talk about the book youre working on for tomorrows meeting. Your MD is leaving for the airport at 400 a.m. to speak to the CFO of a company youre advising on a buy-side MA transaction. You receive a heavy mark-up, which you know will take you all day to complete. Luckily, one of the two pitches you were also working on for tomorrow was rescheduled for next week.1100 a.m. schmelzglas your friend who works at the bank across the street to cancel your lunch plans. The two of you have literally been trying to get together for the past four months but despite the fact that you work so close your schedules never seem to coincide.1105 a.m. Begin working on the mark-up. Re-run the DCF youve been showing for the past three weeks using completely new assumptions, which changes just about every page in the presentation. Re-paste every page in the book. Incorporate text comments from everyone on the team and add a few pages to the presentation showing the targets performance relative to its peers over the course of the past 12 months.100 p.m. Run downstairs to the cafeteria with some of the other analysts in your group.105 p.m. Run to the sandwich shop across the street because youre getting tired of the cafeterias weekly rotations. Get your sandwich to go so you can eat at your desk while you continue working on the changes you received this morning.200 p.m. Your associate on tomorrows pitch (the refinancing one that didnt get cancelled) shoots you an email asking you to platzdeckchen up a dial-in for your team to discuss a new analysis to be included in the pi tch materials. After trying to coordinate everyones calendars you finally set up the call for 700 p.m. as thats the only time everyone is available to talk. Your associate asks you to begin the analysis in the meantime so we have something to discuss on the call, despite the fact that he doesnt fully understand what the analysis is, and neither do you.300 p.m. After attempting the pitch analysis you resume work on the MA meeting materials. After all, a live deal takes priority, and at least you know what youre doing on that one. Complete the analysis and send to your associate and VP for review.415 p.m. Despite the fact that your MD was okay with keeping the stock prices in the MA book updated as of last Friday, your associate now wants everything updated as of todays market close since you havent printed the book yet anyway. Re-re-paste everything in the book.500 p.m. Circulate the book for what you hope will be the last time so you can get the final version to print.515 p.m. Recei ve an email from your MD saying hes on his way to a dinner but will take a look at the book when he gets home. Since you finally have a brief window until your 700 p.m. call, you update your comps for the companies that released earnings yesterday and browse The New York Times and Wall Street Journal online to see whats going on in the world.600 p.m. reservierung dinner via Seamless Web. You would like to order with the other analysts in your group so you can have a family dinner in the conference room, but you have your 700 p.m. call so you know you will have to miss it tonight.655 p.m. Your VP emails you asking if you can push the call back to 800 p.m. as he just realized he has another call to be on at 700 p.m. You know its going to be a late one since you wont be able to start the refinancing analysis until after the call ends.800 p.m. Get on the phone and discuss the pitch materials with your team. You finally catch a break and your MD says the Leveraged Finance team will be ta king care of the majority of the analysis. All you have to do is put together an industry overview section (youve done plenty of them in the past), which you can work on until you receive comments from the MD on the MA deal.1100 p.m. Your MD has finally returned from his dinner and just now sends you his comments for the MA meeting via email. Hes concerned as to why all the numbers in the book have changed since the last time he looked, and you explain that youve updated the stock prices for todays close. He asks you to change them back to last Fridays prices since the client is comfortable with those numbers and he doesnt want the client to question anything. Re-re-re-paste everything in the book.1200 a.m. Circulate the book for the last time to get your MDs final sign-off. While youre waiting for his okay, you shoot the industry section for the refinancing pitch to the Lev Fin analyst for inclusion in her latest version of those materials.130 a.m. Finally receive confirmation that you can send the MA books to print. After doing so you head to the conference room to watch some TV while you wait for the books. There are still quite a few people on your floor and its better to hang out in there since you can actually close your eyes for a bit if you want to.300 a.m. Books are finally printed. After you flip through them to make sure there are no print errors or missing pages you shoot your MD an email saying youre on your way to deliver the books to his apartment, as he is leaving for the airport in an hour and you dont want him to worry about the books not making it. 305 a.m. Hop in a cab outside your building and ask the driver to take you to your MDs apartment on the other side of town.330 a.m. Return to your apartment building. Say goodnight to your doorman who gently reminds you, once again, that it is actually good morning.

Apply for a 2017-2018 ASME Congressional Fellowship

Apply for a 2017-2018 ASME Congressional Fellowship Apply for a 2017-2018 ASME Congressional Fellowship Apply for a 2017-2018 ASME Congressional FellowshipSept. 23, 2016 Applications are now being accepted for the 2017-2018 ASME Congressional Fellowship through the ASME Federal Government Fellowship Program.Since 1973, ASME has sponsored more than 100 Federal Fellows, providing them with an opportunity to serve a one-year term in the administration or U.S. Congress. Fellows serve as independent, non-biased advisors in engineering, science and technology, bringing a nonpartisan, pragmatic approach to analysis and input which has a profound impact on the decision-making process. The result is effective and technologically appropriate public policy based on sound engineering principles.Applicants for the Fellowship must have a strong energy background. ASME has long supported a balanced portfolio of energy supplies to meet the nations energy needs, including advanced clean coal, petroleum, nuclear, natural gas, waste-to-energy, biomass, solar, wind and hydroelectric power. ASME also supports energy efficient building and transportation technologies, as well as transmission and distribution infrastructure sufficient to satisfy demand under reasonably foreseeable contingencies.ASME will be accepting applications for the 2017-2018 Congressional Fellowship until Jan. 31, 2017. This ASME Congressional Fellowship is sponsored by ASME Government Relations, the ASME Foundation and the ASME Petroleum Division.For more information on this opportunity, visit the ASME Congressional Fellowship page on ASME.org. If youre interested in learning more about what a Congressional Fellow actually does,

Study finds Twitter makes kids perform poorly on tests

Study finds Twitter makes kids perform poorly on testsStudy finds Twitter makes kids perform poorly on testsTwitter has become a platform used for hate, misinformation, viral memes and now it isnt helping your intelligence, according to a new study.Italian researchers at the Catholic University of the Sacred Heart in Milan published a report in May arguing how the popular social media platform, which is used by teachers is a course activity in Italy, is doing more harm on students than its actually helping them.The economists found that students using Twitter suffered a poorer performance on standardized testing, reducing from 25% to 40% of the tests standard deviation.The paper welches determined to find out if Twitter actually benefitted students after the platform became a teaching tool for teachers through literature. For their study, the researchers tested nearly 1,500 students from across 70 Italian high schools between the 2016-2017 school year.Their measurement was used by ha ving half of the students analyze The Late Mattia Pascal, a novel published in 1904 by Italian writer Luigi Pirandello.Using a model encouraged in teaching young students literature, those students initiated in an online discussion with their teachers where they posted quotes and their interpretations of the work online. The other students who were excluded from the online portion were treated to traditional teaching methods. All students were tested on the book in areas like reading comprehension and understanding.Its quite detrimental, Professor Gian Paolo Barbetta told The Washington Post. I cant say whether something is changing in the mind, but I can say that something is definitely changing in the behavior and the performance.The study found that students who normally perform better (this group included female students, students who attend a gym or lyceum, students born in Italy, and students who tend to score better on baseline tests) were actually harmed more compared to the rest.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people