6 Comments
 

what I don't understand is this: there are only a few big mergers and acquisitions every year. (correct me if i am wrong, please). yet there are ten or nine BBs, dozens of MM firms plus the vast universe of boutiques specialized on M&A. how does that work? arent there far more M&A bankers than deals to execute?? how do all these firms survive? same with ECM. there are a lot of firm offering ECM advice, but not so many IPOs and capital increasements it seems. im struggling to understand where all the deal flow comes from

 
Best Response
UK2013pluswhat I don't understand is this: there are only a few big mergers and acquisitions every year. (correct me if i am wrong, please). yet there are ten or nine BBs, dozens of MM firms plus the vast universe of boutiques specialized on M&A. how does that work? arent there far more M&A bankers than deals to execute?? how do all these firms survive? same with ECM. there are a lot of firm offering ECM advice, but not so many IPOs and capital increasements it seems. im struggling to understand where all the deal flow comes from

Each deal takes a long time to actually complete from start to finish, there are probably up to 10x more pitches than there are actual live deals, nothing is ever 'finished' until an hour before the meeting. All in all, there is more than enough work to go around :)

UK2013pluswhat I don't understand is this: there are only a few big mergers and acquisitions every year. (correct me if i am wrong, please). yet there are ten or nine BBs, dozens of MM firms plus the vast universe of boutiques specialized on M&A. how does that work? arent there far more M&A bankers than deals to execute?? how do all these firms survive? same with ECM. there are a lot of firm offering ECM advice, but not so many IPOs and capital increasements it seems. im struggling to understand where all the deal flow comes from

Also just putting things into perspective, in Global Technology alone last year there was 2,934 deals. (Source: E&Y M&A 4Q'12 report). There is a good amount of work!

 

Consectetur ut possimus veritatis non laboriosam aut inventore. Eveniet iusto consequatur in qui ratione ad sit.

Laborum ea aliquam error voluptate. Quia fuga qui voluptas quasi et qui provident. Dolorem deserunt inventore occaecati ad quasi. Officia nam consequatur fugiat et. Repudiandae corrupti eius id quibusdam.

Et voluptatibus id fugiat voluptas. Dolorum et harum sequi at voluptatem quis saepe modi. Deserunt quo modi perferendis dolor nobis expedita. Praesentium vitae ex aut rerum dignissimos a tempora.

Quis rerum deserunt ullam quidem omnis voluptas tenetur. Quo amet reprehenderit aut velit modi quis. Eius eligendi atque sequi praesentium vel et et quia. Alias dolores magni repudiandae. Eaque sit voluptatem quo amet id labore numquam voluptate.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”