Hello all!
As far as I can tell, Deloitte's M&A practice is mostly post-Deal 1. Basically, its more about integrating the companies rather than doing due diligence. I have a few questions about this notion, if someone could answer them.
1) What % of work is due diligence versus post Day1? 2) What is the day in the life of someone who is working on an integration post-acquisition? In other words, what is the day-to-day life of a typical M&A project at Deloitte? 3) What are exit opps like?
Thinking of joining Deloitte's M&A offering portfolio, but am really confused.
bump?
There's a lot more pre-deal work than you would think. Yes, the majority is post-close but the M&A group also churns out tons of ODDs and CDDs. M&A strategy projects do exist but are harder to come by (Bain wins a lot of that work)
Day-to-day depends on where in the lifecycle you are. For due diligences, expect 100-110 hour weeks and working weekends. post-acquisition IMO can be more chill, but depends on the role. the synergy teams burn a little harder than the IMO office on a typical post-deal project.
Exit opps are your typical corp strat / corp dev roles. I also know someone who went to a small PE shop who had worked on some M&A deals with Deloitte
Great to hear that, thanks. A few questions: 1) Are pre-day 1 projects the only ones that lead to corp dev / corp strat, or can you do post merger integration and still land those exit opps 2) What level is the person who went to PE? If you can't tell me, were they pre-MBA or post-MBA?
If you're speaking of M&A within the Corp. Fin. groups, you're wrong. They pitch, build decks, conduct valuation work, approach strategics and financial sponsors, handle buy-side approaches as well, privatization of public companies, etc. They also typically run capital raises (but debt and equity).
As for exit opps, seen two analysts move to IB within a year, seen others getting pension fund PE and bank IB interviews without a single struggle.
Post-acquisition is handled by the integration group.
whats renumeration like for a first year analyst with deloitte M&a advisory group?
How's the technical interview like? similar to IB interviews?
How do I find out where people go from Deloitte M&A? it's pretty difficult to decipher via Linkedin if they are in the M&A practice or not...
Essentially, I’d look for the M&A keyword and filter out the people that work in transactional services as CF and TS are two different things.
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