Interested in M&A, questions.
To expand on the title, I'm interested in trying to break in a product M&A group - buy-side or sell-side. I'm not going to be picky and say I want MM or BB - I just want to get in.
With that said, when I'm reading literature on the IB world, can I just focus on the M&A side of things in order to prepare myself for interviews (research as much as I can about the technical stuff, etc.), or will that hurt me in interviews/my hopeful future career?
In other words, do I also need to stay current and perform research on ECM, DCM, LevFin, and Restructuring, etc. just so I can try and answer any question that will come my way? Would knowing more about other groups that I'm not interested in working for help me in a M&A career? Or would I worry about that once I get the gig?
Thanks in advance.
Highest regards,
ChicagoCT
It really depends on how you plan on going about your search. If you're only targeting firms that focus on M&A that would be a good idea. But most bigger firms if you're starting as a first year or intern, unless you're lucky will be a generalist and then placed from there.
Knowing about restructuring won't really be necessary no matter what because that is usually done specifically by restructuring groups/firms. ECM and DCM and LevFin would be good to just have a little bit of knowledge on though at the minimum.
Thank you for your insight.
M&A is not some siloed off group that has nothing to do with anything but M&A. Yes, their work obviously revolves around that product, but in thinking about how to finance an acquisition with stock (ECM) or cash (DCM/Lev Fin), you defintely need to understand all of the products and how they relate.
Also, most banks don't have dedicated sell-side/buy-side teams. They just have an M&A group that handles all types of M&A activity (although its not uncommon for a MD to specialize in a sub-product - e.g. sell-sides, tax inversions, etc.)
Qui neque qui nesciunt totam maxime nesciunt odit ipsum. Dolores nemo ex nemo aut.
Sit eius quibusdam sit labore ducimus id repudiandae quos. Reiciendis tenetur est rem soluta ipsum consectetur.
Modi rerum sit laboriosam temporibus nobis. Tenetur quod sunt totam soluta delectus ut ab ad. Eos quis rerum delectus voluptatem. Laudantium quis porro consectetur nam.
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...