What is the standard number of M&A deal reps?
I was wondering what a typical number of closed deals looks like for most bankers.
I have been working in the M&A group at a non-top BB in London for almost 4 year and so far I have closed only 4 transactions with an aggregate value of approximately $17bn (mostly driven by a single transaction worth 12bn).
I appreciate that deal volume can be very dependent by bank, group, sector and market conditions and to be honest a certain amount of luck with staffings. In my case, I spent a considerable amount of time working on two buy-sides that ended up in nothing.
I’ve read somewhere that the average BB banker usually closes between 2 and 3 deals every year but I would be interests in hear perspectives from others.
Median across UBS for juniors is likely 0, I.e more than 50% of analysts and associates have never closed a deal
Why project US-only information onto the global scale, especially when OP mentioned his reference point is London? While it certainly isnt one of the top tier banks globally, they get some work in EMA.
Been on the job for more than 3 years and I have worked on 9 deals from start to finish, soon to be 10. Though my total value is close to 2.5 billion. Having said that I prioritize getting as many deals as possible rather than working on big ones.
Totally understand your logic here, but why are you acting like you have that optionality at CG as a 3rd yr junior? Not realistic for even a Sr. Associate to pick and choose/prioritize which deals they will work on. You’re still practically eating whatever your staffer feeds you, unless your on a generalist, cross-border team , no?
That number is probably more consistent for seniors. Most juniors I see have 1-2 closed processes a year (assuming >$500M transactions) where they did the full process vs. picking up an on-ice deal from another teammate / bank is brought on a side advisor not running the full thing etc.
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