Gerald Beechum Shares Thoughts on Starting a Career in Investment Banking


I’d say if you’re thinking about what
other investment banking read the Book Monkey Business that is the one thing I would say
because our from my experience and I didn’t do
investment banking for a long period of time but from my experience doing that as
well as just kinda in as an analyst if you will or so see it and banking areas it is was a completely accurate but you’ll get a good feel for what your day to day life is like and what your role is but you know I’d say the first Pre – B school whatever a
period as for you two to five years later you gotta get
trained and finance you know my general advice is if
you’re thinking about a job in the world business there you know there’s a reason why people
come in for finance and banking and consulting make sense and private
equity if you can get there because you want to be exposed to as many business cases business situations as
you can early or too just kinda get that get that get exposure to them at the
very least your role will be your to grunt you are crunching numbers are very late
at night a lot house because stuff flows downhill and you stand there and the bottom of that hill and your job is to get stuff done have
it available for people in the morning so then a lot of times when you’re when
you’re starting out as an analyst is your role is your job is to crunch
the numbers make sure the numbers are accurate right but more importantly I find if you demonstrate intellectual curiosity
your colleagues superiors whoever they might
be will then give you more exposure to what’s really going on the real deal
process real value-added work so to speak depending
on what your roll is about that I think really really
helps you accelerate your career progression and appreciation
for what you’re doing and how it fits into the larger context of what is going on, what the project is so starting out I was an analyst
and went through the scholar program where you work for full-time went to the
Business School at either University of Chicago or Kellogg and my role and did 6 month rotations through out that process and so I was in a bunch of areas from commercial lending through private equity and investment
banking and in your role as in is general is you’re doing research you doing your crunching numbers your pulling comps your you making sure that
the comps are actually accurate Apply a lens of common sense to whatever assignment you’re given because you know a lot times and I see this
a lot you know what I’ve been became manager
folks will do what you tell them to do and you’ll then sometimes say but this doesn’t make sense and it may be because your instructions
are wrong but you as the manager of course never admit that gave them instruction one or two you didn’t really know what you were asking for you know if you can apply a lens of commons and logic to the assignment before you give it to
your manager you can help them out basically you
can make your life easier than you will you will you will go a long
way to being the star child if you will in my experience that’s that’s kinda
what i’ve seen be helpful and then one you become a manager it
takes a while to become a manager just like in another life I spend a lot of time
in education my wife does allow us to further education and teachers and professors I would
guess we’ll tell you it take a long time to become teacher Well, similarly, it takes you a while to become a good manager And kind of figuring out what kind of manager you want to be, for me, was helped and accelerated by the fact that I had numerous rotations. rotations I had I was working for 10 or 12 people and so you learn different management styles along the way so you can say Iike that one I don’t like that one i don’t like those four people are jerks whatever is but I was able to leverage really some of those experiences to help me develop my own management style and then as I progressed Ya know really the one thing said probably through the eleven or twelves jobs I in sixteen years I learned more about what I don’t like
the what I do like and sometimes it was the what Iiked doing functionally other time I didn’t like who I was doing it with it was you know I just didn’t enjoy the
work and what I reached that point it is time to pursue other things not to say that you know the people are
bad or anything but it’s just sometimes the time you’re in a certain role doing a certain job is just not necessarily the best and
when you reach a point probably time to seek other options likely you not happy and your
managers and team are not happy with you

Paul Whisler

4 Comments

  1. There is no sugar coating, Beechum gives us the inside scoop on what it takes to thrive and become successful in the field of finance. Great interview

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