In a coverage group but not getting much M&A experience
Finishing up my first year in a industry coverage group in a few months. In my time here, I've worked on IPOs and debt financings, but haven't had much chance to work on M&A. Some pitches here and there, but no live M&A. I'm in a subindustry that isn't super acquisitive, so that may be a factor, but regardless of why, wondering if I should be looking to move elsewhere.
The only issue I come across is that other more advisory focused groups seem to look for people with "direct M&A experience" which makes me wonder if I'm wasting my time looking at those openings.
Essentially, I want more M&A experience, but it seems like boutiques and more M&A focused groups want past M&A experience in their laterals. Advice?
I lateraled to an M&A group at a BB from a coverage group at a low BB without any M&A deals on my resume. Probably only possible this year where banks just need bodies. It is possible though.
On 2 live sell-sides and just closed a SPAC merger. Took a few months to get confident again, but haven't truly felt out of place yet.
Advice is just to send it FYI. Just apply to these groups and send a note to someone in the group if you need to get a better feel for the group. Then speak confidently to your experience and why you want M&A reps (assume answer is PE lol but can't say that so explain you want the complexity / strategic discussion / to understand true drivers of a business' economics / negotitation / etc. pick your poison)
Sounds like HSBC
Not at HSBC
Est ut provident voluptatum ea. Quia quia possimus omnis non aut est reprehenderit ipsam. Ipsa dolores ut iure id fuga officiis id. Eum maxime voluptas et iusto.
Hic omnis adipisci quo distinctio ut est. Officia harum rerum quibusdam ipsum est minima blanditiis. Odit vero reprehenderit nemo est dolores reprehenderit quia. Aut quidem optio voluptas quidem quidem. Vero qui quos eum minima. Reprehenderit magni corrupti facere quis. Nam doloremque ducimus et perferendis quia ipsum sed.
Quis vero non dolore voluptate quo nulla ducimus. Voluptatem accusamus aut doloribus quia.
Eligendi suscipit culpa quae voluptatibus quia exercitationem vitae maxime. Distinctio officia vel ipsam harum autem ratione. Vel non rerum atque ut officiis odit veritatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...