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The Capitulator posted:Cool. Hey so here's a question. How do bankers generally view research guys? For example, I found that in consulting, it varies between 'highly respected (but underpaid) specialists' to 'worthless admin monkeys, we consultants are so much better'. This highly depends on the team and the individual as well as experience of the consultant with the research guys. Any ideas about banking? What about pay? Where I am now, the fixed pay is slightly better than similar level consultants, PE or corporate finance guys but overall pay is worse because of the variable component. Depends. Our research team saved my rear end a few times by providing data I needed to put into a client presentation. Also I think the biggest "brains" tended to be in research, whereas the deal teams were more fratboy-ish. Pay I believe was about the same at the analyst level but the bonuses were significantly lower (50%+ lower).
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Mar 25, 2011 09:00
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Mr. WTF posted:I'd agree with this. Depreciation is effectively a measure of fixed asset requirements amortized over time - while I can see things like buses, equipment, training gear, fans, gatorade all that poo poo, it still seems like a rounding error vs. the kind of P&Ls you are talking about. His friend was right that depreciation is often buried in expenses or COGS, so you have to figure it out or guess at it to get to EBITDA, but it doesn't seem like a material thing ina sports team. (I've never seen an NFL P&L so all of this is wild speculation).. The value of the equipment they own would be fairly material though, right? Don't some teams own their own airplanes? I don't think they fly commercial. And they probably own the training facilities. Also what about goodwill after an acquisition, like when a team moves?
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Mar 26, 2011 11:34
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