Are financings not considered deals ?
2 years in this job and have done several high profile financings 3-5bn
Are these not respected in the industry?
Is it purely M&A or nothing ?
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Deal experience is respected depending on your specific contribution to the deal.
For example - Most junior guy on a blockbuster M&A deal where your role was WGLs, market updates, scheduling calls and admin type shit? Smart recruiter would haircut that. at least I would (and I'm not smart).
If the analyst is semi competent he can fluff up his contribution. Recruiters won’t know a thing if you can go in depth, which shouldn’t be difficult given you have access to pretty much everything
HHs, sure, but any competent interviewer who actually works at the company will poke and prod at your deal experience and modeling reps. Even HHs are not stupid... if you are a first year analyst on a $30B deal that announced 6 months after you started, you were almost certainly not the main guy running the model.
Someone who only did the WGLs and logo aligning will not have much of an answer when you ask them about the detail of modeling assumptions, how they ran the debt waterfall, etc. No one is trying to trap an analyst for putting nice-sounding bullet points, but straight up exaggerating your experience is a risky road to go down
There's typically not much modeling on those which is why HHs/PE firms discount those a bit. M&A is also months or more of very heavy work, financings can be fairly light-touch depending on what they are. Also typically a dozen or more banks, so you have many people who "worked on" a deal that only took a day or two of "work"
If your bank was lead left and you were the key junior coordinating all of the work for a few months, that is absolutely worth putting on your resume, along with the work you did. But the $ amount/brand name company does not make it meaningful if you didn't do tons of work.
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