What to expect as an incoming IB analyst?

Question

Hi everyone,

I recently accepted an offer for an Investment Banking Analyst role at a bulge bracket bank starting next summer. I’m extremely excited, but now I’m also realizing I actually have no idea what to expect in terms of hours, workload, team culture, and what I should be doing to prepare myself. During recruiting I was so focused on getting the offer that I didn’t really think much about what the job will feel like day to day.

I know PrepLounge is mostly used for interview prep, but I’d really appreciate insights from people who have already started in IB. What should I be doing in the months before my start date? Are there specific modeling skills, accounting refreshers, or mindset shifts I should focus on so I don’t feel overwhelmed in the first weeks? Any advice from incoming or current analysts would be super helpful. Thanks in advance!

Answer 1

Congrats on securing the offer, that's a big achievement and definitely something to be prouf of.

As an incoming investment banking analyst, the first months are usually intense but very educational. You'll spend a lot of time working with models, valuations, and pitch materials, often learning by doing rather than through long formal training. A big part of the job is getting comfortable with the pace and the constant feedback loop, snce deadlines and client needs drive most of the work.

You'll also notice pretty quickly how important attention to detail and clear communication are. Seniors will expect you to explain your assumptions, react to comments quickly, and keep things moving even when priorities change. At the same time, most teams are aware that you're new, so there is a learning curve and room to ask questions as long as you stay proactive.

Overall, it's normal to feel stretched at the beginning. Almost everyone grows fast in the first year, both technically and professionally, and by the end of it you'll look back and realize how much you've learned in a short time.