How is a industry coverage team different from a M&A team?

Considering lateraling to a M&A as an associate, how would the work be any different at a M&A team versus industry coverage? What could you learn about in a M&A team that can't be done at an industry coverage team?

2 Comments
 

Jack of all industries, master of none

You will learn in-depth M&A modeling, structuring, and technical points across several industries. You won't touch any of the projects coverage spends a lot of time on  - IPOs, debt/equity secondaries, general client contact pitches.

Great place to be as an analyst for PE exits, but makes less sense for a career banker given M&A typically works very long hours 

 

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