deal

I'm a first year analyst at a BB. So far none of my deals have gone through. A few, very few, "live deals" have been live indefinitely and who knows if they are ever going to go anywhere. I'm afraid that when recruiting season comes along it will put me at a big disadvantage when it comes to PE. I know in this environment everyone is suffering, but there are still those that have done some deals and will have an upper hand.

I've been pretty good about utilizing my time. I've studied various versions of LBO and merger models done before and have a good understanding of the drivers behind them. I've also learned a lot from my pitches because most of the time we do build a full model and run numbers. How can I convey that I know what I'm doing without actual deal experience?

Thanks.

I am interested in Perella Weinberg and I have noticed that in many deals they are keen on advising target companies' board of directors (Continental directors on Schaeffler's bid, UST directors on Altria's bid...).

I would like to know how you view getting an advisory mandate from a board of directors rather from an executive commitee. Is it kind of a consolation prize or not? Are fees for such mandates comparable to fees for advising executives commitees? And is the job for junior bankers similar in both cases? Any input welcome!