To your question, haha, no, analysts are not glorified telemarketers. Generally speaking, pitch books (depending on the type) come together through a combination of sources including analyst research, previous pitch books, senior banker input and analysis, market intel and, when applicable, model analysis.

I have released an article from a current banker a while back, and actually have calls to a few more as they enter and take part in SA programs and FT programs – but I hear you and it’s coming.

Question: How do analyst get the information that eventually gets included in a pitch book? (Is it a bunch of random internet surfing? Do analyst act as telemarketers all day long and call a set list of numbers until every party agrees to do some survey?)

Wish: I would really enjoy reading articles centered around interviewing people that finally *broke* into IB (internship or full-time).