Tanvi graduated with a Masters in Theoretical Physics from the University of Cambridge before joining the graduate programme at Rothschild
How did you get your job?
I graduated from Imperial College London with a First in Mathematics before going on to study MASt Mathematics with Theoretical Physics at Robinson College, University of Cambridge.
After graduation I interned at a variety of financial institutions ranging from commercial banks to research institutions. I also did a summer internship at Goldman Sachs in investment banking. Then finally I joined Rothschild through the graduate programme into the GA division. After two months training I joined the mining team.
What's a typical day like as a mining analyst?
On this day you will most likely be working on several projects at once, of which one or two will be live transactions. A large amount of time will be spent liaising with lawyers, accountants, other advisors and clients; investment banks take the lead on deals and so clear communication between all the involved parties is important. Most of the day will also be spent in internal meetings, where the deal team will discuss next steps and priorities. Live transaction days tend to be the most exciting and will definitely keep you on your toes.
Valuation, financial analysis and creating presentations
This is the day when you will develop the skills necessary for an analyst; it's your day to do financial modelling, valuation and presentation creation. This is also the day when you should ask as many questions as possible and try to develop your analytical skills. Financial analysis and valuation will vary depending on the type of deal and client you have, for example in the mining team you will work with asset models rather than an LBO model.
This is the day and night before a client meeting and it's usually for a management presentation or a pitch. Most of the day is spent collating feedback and sticking to tight deadlines. Throughout the day you will have to process comments and circulate drafts to the team.
Before the client meeting there are likely to be multiple internal team meetings so that everyone is on the same page. During the day you will be taking notes, answering questions and providing admin support to the rest of the team. I find client meeting days to be the most exciting as you meet a huge range of clients and most of the time you are meeting the key decision makers in the company.
What do you enjoy most about your job?
Client meeting days and live transaction days are particularly exciting and will certainly keep you on your toes.
What are the challenges?
It can be difficult to stick to tight deadlines, stay calm and keep organised.
How is your degree relevant?
While my modules at university are not relevant (my knowledge of general relativity rarely comes up in meetings) it is my logical thinking that is relevant. University taught me how to think through problems logically and reach a sensible conclusion or solution; this is relevant and necessary in our job. The ability to multitask and to keep a level-head comes from doing a challenging degree and you can transfer those skills to the job.
How has your role developed and what are your career ambitions?
Over the last two and a half years the role has naturally developed to more of a reviewing role and I get more opportunities to contribute to the wider transaction e.g. structuring considerations, potential buyers and client engagement. With more experience you get more exposure to clients and have the chance to lead on conversations with the client. Taking on more responsibility and a more active and exposed role in the transaction is the natural route of progression; this is my favourite part of the job. As for my career ambitions, I will (hopefully) be an associate in less than a year and will continue to develop my skills. Mapping out a full career path is challenging and over time a lot can change, I recommend keeping an open mind throughout your career especially at the start.
How do I get into investment banking?
- I would highly recommend doing an internship, not only because it's the easiest way to secure a job but also because you want to be sure that this is the career for you.
- Don't be afraid to use your network. This may involve speaking to people already in the industry, going to career events and going through the application process with your friends or classmates. Networking can be as easy as talking to someone that you already know about their experiences and their career.
- Try to do well at school and university, while grades are not everything it is important to show your competencies and capabilities; the easiest way to do this is to excel at your chosen subject at university.