How many deals did you close?

Noted but I think we are not saying something too dissimilar.

The project management and comm skills are loosely part of the same “process” skillset. Large portions of data...um, not entirely sure. There is data from statements, records, payroll forms, supply chain docs, VDR disclosures etc. Don’t think there is much “data analysis”, certainly not in the sense the term is used these days. But in any case, not the same as looking at these as DD performers looking to invest. More like the MD telling what is to be uploaded etc.

Modelling skills? This is where I am afraid I do have disagree but this is arguably the one skill you can learn without setting inside an IB (courses etc) and be as close to being on par with actual bankers (analysts). Most models are fairly vanilla unless you are at a shop that likes to engage in legally convoluted transactions etc.

Wasn’t talking about summer interns - long-term internships in EU are 6 months each and most grads do multiple. Pretty sure this point can be easily corroborated by people on the forum. As you can probably guess from the tenure of the internship, after having done just 1 (let alone multiple) one comes of as an experienced An1 (at the very least). Unless you are at a bad place, you will (and are expected to be staffed on deals and join all client calls). If one is at a decent shop, they can easily have experience of closing multiple deals. Understand this point is quite different to recruiting in US.

Sector experience sure, but probably would not call it sector expertise. Again, you will just grow in confidence when you see that all those things you read in “insights” are happening in the actual market. But that’s more or less it (talking about people exiting after 1-2 years exp).