Some general M&A questions

Hello WSOers,

I'm a student and curious about M&A. I have some general questions about it, hoping some people can chime in.

Feel free to answer any or all of these questions as you see fit.

  1. How strategic is the deal process in M&A? I've been reading about different strategies (takeover, defense, etc) and was wondering how viable these strategies are. Think greenmail, white knights, etc. Sounds a lot like a chess game to me. Just read Barbarians at the Gate and wondered if anything has changed.

  2. In M&A, is most of the quantitative work done by analysts and associates, while the rest of the deal process (like working with top management) done by higher level employees?

  3. In M&A, what is the day-to-day work of an analyst? Similar to other IB areas, like making pitchbooks or office memorandum? I know how relevant modeling is in M&A but unsure about the rest.

  4. Do most people in M&A try to transition into PE? What is the 'ultimate' career path from M&A for professionals?

  5. Last question. I currently intern in the finance department for a mid-sized manufacturing firm, which is a subsidiary of a large conglomerate. We, the subsidiary, are merging with another firm this year in a Reverse Morris Trust. GS and UBS are orchestrating the deal (GS is providing the financing). As someone interested in M&A, how would I go about learning more about this field from the inside out? I spoke to our CFO this week and will be reaching out to the VP of corp. dev. next week.

Thanks all.

Best,

H

 

Est dolore voluptate iure. Ut illo inventore in et tempora dicta consequatur est.

Velit aut consectetur quo totam repudiandae. Eaque vero voluptatum quia laboriosam.

Veniam deserunt magni eos voluptas in qui. Vero at aut iure. Vero eaque in eum ea esse minima.

Et nam dicta consequatur et est saepe amet. Aliquam sint nostrum eos. Labore dicta eligendi voluptatem culpa eos. Non facilis quia odit occaecati.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”