Starting a career as an investment banker involves mastering complex financial concepts, building strong client relationships, and contributing to high-stakes transactions. A 30-60-90 day plan tailored for investment bankers provides a clear framework to guide new hires through this challenging transition, setting achievable goals and milestones aligned with the firm's expectations.
This plan helps new investment bankers focus on developing core competencies such as financial modeling, market analysis, and client communication, while also integrating into deal teams and understanding internal processes.
Benefits of a 30-60-90 Day Plan for Investment Bankers
Implementing this structured plan offers several advantages:
- Accelerated Learning:
Quickly gain proficiency in financial tools and methodologies critical to deal execution.
- Relationship Building:
Establish connections with senior bankers, clients, and cross-functional teams to foster collaboration.
- Performance Tracking:
Monitor progress against specific milestones to ensure continuous development and early impact.
- Confidence and Clarity:
Provides a roadmap that reduces uncertainty and empowers new bankers to take initiative.
Main Elements of the Investment Banker 30-60-90 Day Plan
This plan is divided into three key phases, each with targeted objectives and deliverables:
First 30 Days: Orientation and Foundation Building
Focus on understanding the firm's culture, processes, and key clients. Complete mandatory compliance training and familiarize yourself with internal systems. Begin shadowing senior bankers on live deals to observe workflow and client interactions.
- Attend onboarding sessions and team meetings to understand organizational structure.
- Review recent deal documents and pitch books to grasp transaction types.
- Start building proficiency in financial modeling software and databases.
- Schedule introductory meetings with key team members and mentors.
Days 31-60: Skill Development and Active Contribution
Deepen technical skills and begin contributing to deal execution. Take ownership of smaller tasks such as preparing financial models, conducting market research, and drafting client presentations.
- Develop detailed financial models under supervision and validate assumptions.
- Analyze industry trends and compile reports to support pitch materials.
- Participate in client calls and internal strategy sessions.
- Solicit feedback regularly to refine skills and address knowledge gaps.
Days 61-90: Leadership and Impact
Demonstrate increased autonomy by managing components of transactions and mentoring junior analysts. Begin identifying opportunities for process improvements and contribute ideas to enhance team efficiency.
- Lead preparation of sections of pitch books and deal documentation.
- Coordinate with legal, compliance, and other departments to ensure smooth deal progression.
- Present findings and recommendations to senior bankers and clients.
- Establish a personal development plan for continued growth beyond the onboarding period.
Throughout the plan, document progress notes, track completed tasks, and update goals to reflect evolving responsibilities. Assign accountability for each objective to ensure clarity and follow-through.
By following this customized 30-60-90 day plan, new investment bankers can confidently navigate their onboarding journey, build essential skills, and contribute meaningfully to their teams and clients from day one.
