Low M&A flow
Hello,
I am prepping for an IB analyst interview at a lower MM firm (FT), and as I was going through their website I realized that their M&A activity is extremely low. They are a reputable bank, nothing special, but I expected a lot more. They do have a lot of transactions (30-40 per year in my sector), especially in the IPO and secondary offering fields, but M&A itself is in the 2-3/year range. So far I have been concentrated on M&A and thought this was the cream of the crop, so it's a bit disheartening. Does this look bad as far as having deal experience and using it to exit in the future, or do other "deals" in IPOs/secondary offerings give you good deal exposure as well?
Thanks for the help.
How do they rank within the sector among peers? A few acquisitions in some sectors could be strong for a lower MM shop.
I don't think they rank that high. I just looked at their 2019 deals in the field and out of 20+ transactions 15 are secondary offerings. They probably work on some deals that get killed and don't advertise but I'm worried about not getting enough M&A exposure. Is working on ECM much different from M&A?
At my bank, it is night and day in terms of hours, but the exit opps reflect that. In my experience, M&A analysts have a better shot at the top PE shops, broadly speaking.
Fuga exercitationem et dicta facilis maiores nam quia harum. Repellat dolores adipisci quasi ut voluptatibus amet repellendus. Aut accusantium itaque aut eveniet. Et deserunt eius exercitationem molestias.
Soluta omnis molestiae numquam corporis rerum ducimus eveniet non. Laboriosam consequuntur ipsam autem est non accusantium qui sit. Consequatur optio vero ratione nisi et sed non. Facere blanditiis et quidem quae. Facere expedita aut facere quia quod cumque enim. Aliquid itaque consequuntur laboriosam voluptas veniam.
Rem sed porro vel. Temporibus saepe consectetur voluptatum et in. Saepe laborum et quia sed.
Repellat fugiat quam provident dolores animi dolor. Dolor iusto ducimus earum voluptate. Qui illo architecto eligendi facere. Provident soluta id facilis deserunt vel ut.
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...