What makes an industry ripe for consolidation?

Is it best to consolidate large industries that are highly fragmented? Alternatively, what about niche industries where you could grab a few of the top performing companies?

6,065 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '24 Sep 2026 Cohort

5.00/5

Investment Banking Short Resume Review / Recap

“The session was very helpful particularly the detailed review of my CV and the discussion of networking strategies. My mentor gave practical suggestions on how to present my experience more clearly and make my bullet points more relevant to investment banking. I also appreciated the advice on identifying contacts and writing more personalised outreach messages. The only improvement would be to leave little more time for concrete networking examples and a clearer list of next steps after the call.”

Class of '25 Nov 2026 Cohort

5.00/5

Investment Banking Career Roadmap (optional)

“Benjamin gave me a clear, honest roadmap for breaking into investment banking. We worked through where my current role and MSc fit, which banks and seats to target first, and what to prioritise over the next few months. Benjamin asked sharp questions about my background and was straight with me on realistic timelines and what banks look for in someone coming from outside the industry. Every part of the call was useful. I left with a plan I can act on right away. I'd recommend Benjamin to anyone.”

See All 11,249 WSO Academy Reviews

2 Comments

WSO Monkey Bot

O

7y

Johnny Cashflow, way too quiet in here. What about these resources:

If those topics were completely useless, don't blame me, blame my programmers...

Reply

Quote

Report

Other

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

D-finance

PE

7y

Ut numquam repellendus quia quidem. Vero voluptatum quo aut quia ut possimus atque quia. Et dolores dolore enim tempore assumenda. Et sequi aut modi earum occaecati dolor consequatur. Est itaque sed mollitia minus autem.

Officiis eveniet quibusdam et consequatur. Quae dolores libero assumenda nemo omnis dolorum voluptatibus.

Voluptatum sed pariatur illum reprehenderit amet aliquid. A aut accusamus et dolor vel. Quia excepturi dignissimos fugit quas quasi eos.

Reply

Quote

Report

Other

Authored by: Certified Private Equity Professional - 2nd Year AssociateCertified Private Equity Pro

Trending Content - Investment Banking Forum

+141	Why do JEF bankers always think they’re EB?	53	13h
+68	Is my MD a grifter? 16 years, 8 firms	28	1d
+68	"Corporate & Investment Banking" Analyst - Why?	40	2d
+49	MS / GS IBD ACs London interview processes run by nationality?	43	2d
+42	Moat of modelling in PE/Finance completely vanished;	12	2d
+41	Article: UBS Wall Street Rebuild Is a Study in Management Failure	7	5d
+34	Want to join investment banking; is it too late/is my background unacceptable?	28	1d
+31	Think I'm fucking up my analyst years	9	2h
+28	Ambitious CC Student trying to break into IB	12	15h
+27	Big 4 M&A vs. Lincoln Portfolio Valuations	6	8h

Career Resources

1	redever	99.2
2	BankonBanking	99.0
3	Secyh62	99.0
4	kanon	99.0
5	DrApeman	98.9
6	CompBanker	98.9
7	dosk17	98.9
8	Betsy Massar	98.9
9	GameTheory	98.9
10	bolo up	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

What makes an industry ripe for consolidation?

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

What makes an industry ripe for consolidation?

See All Comments - 100% Free

Trending Content - Investment Banking Forum