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&lt;p&gt;&lt;em&gt;Below is an account of an 18-hour period in the life of an investment banking summer analyst; she works as a corporate finance generalist &lt;/em&gt;&lt;em&gt;for Houlihan Lokey&lt;/em&gt;&lt;em&gt; in New York.&lt;/em&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;7:30 AM:&lt;/strong&gt; Wake up to the repetitive beeping of my alarm; immediately check my phone. There are a few emails I was cc’d on, nothing urgent, so I brush my teeth and take a shower. After a quick breakfast, I head out the door of my small studio to catch the downtown 6 train.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;8:15 AM:&lt;/strong&gt; I feel like a sardine; the train is packed with bankers and tourists. You can easily distinguish between the two: half of the passengers are stressed and tense, while the other half are carrying cameras and maps. I get out at 51st Street.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;9:00 AM:&lt;/strong&gt;&#160;Arrive at my desk; have my first cup of coffee. Begin research (using Bloomberg and Capital IQ) for a project an MD and I are working on It’s rare for a summer analyst to get this type of interaction with senior bankers; it’s one of the things I appreciate most about working here.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;11:00 AM:&lt;/strong&gt;&#160;Receive an email from the MD who wants to discuss my research. We meet in his office a few minutes later. The meeting goes well. He’s happy with the report I put together.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;12:30 PM:&lt;/strong&gt; A few analysts and I grab a quick lunch at a bistro across the street. I eat my salad at my desk while creating revenue breakdown charts by geography and product segment for a management presentation happening later this month in Canada.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;3:30 PM:&lt;/strong&gt;&#160;Another MD invites me to join a client meeting, which is starting in less than an hour. I gladly accept the invitation, then start flipping through the presentation books two at a time to ensure accuracy (I‘m on cloud nine to have been offered this opportunity during the first week of my internship).&lt;/p&gt;&lt;p&gt;&lt;strong&gt;4:00 PM:&lt;/strong&gt;&#160;Leave the office with my deal team to the client meeting, which is just a few blocks away. There are five people present at the meeting. I note that the client questions every financial value and multiple in the book, trying to get a better sense of how the valuation was performed. The meeting goes well. It was a great learning experience.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;6:00 PM:&lt;/strong&gt;&#160;Back in the office just in time to order dinner from Seamless. A group of us order salmon—a favorite in the office. After I eat, I spend a few hours turning around the edits on the management presentation I was working on earlier (the client’s CEO sent the edits).&lt;/p&gt;&lt;p&gt;&lt;strong&gt;9:00 PM:&lt;/strong&gt;&#160;Start compiling a financial buyers list for another pitch I’m helping with. Capital IQ and Thomson are good sources of information. I look for similar transactions and for buyers interested in investing in the client’s industry.&#160;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;11:00 PM:&lt;/strong&gt;&#160;Finish the buyers list. Spend some time double-checking my work, then hand it off to the analyst on my team. The analyst seems satisfied with what I&#39;ve done.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;12:00 PM:&lt;/strong&gt;&#160;Familiarize myself with an accretion/dilution Excel model for another project I’m working on.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;12:30 PM:&lt;/strong&gt;&#160;Ask the rest of the group if I can help with anything else. An associate says he needs a transaction list in the industrials group.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;1:30 PM:&lt;/strong&gt;&#160;Finish compiling a list of over 15 transactions using Capital IQ’s screening tools, then email it to the associate and turn off my computer. Leave the office and get in a cab. I’m tired, but happy with how my day went and with the experiences that I had.&lt;/p&gt;

Derek Loosvelt

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