Why transaction advisory over IB?

Im currently a masters student at semi target in continental Europe, applying for internships for upcoming summer. And I had some questions to make it as crystal clear to me as possible that I don’t facepalm myself in the end for misinterpreting information. What are the clear benefits of transaction advisory compared to IB m&a? I rather prefer transaction advisors due to less working hours as my google research lets me believe. Additionally I rather work on the deal itself, instead of the entire process. I do understand that your exit ops are lacklustre compared to it, but I’m not fit and willing to sacrifice my soul to grind the hours for it, as those exit goals are not necessarily my end goal. Am I missing certain points or misunderstanding points, regarding TA vs M&A banking?

5 Comments
 

Done both. TAS was fun hours-wise. You could find people at the bars around 5pm some days and some days working until midnight. These people tend to be way more easy going than banking.You can always switch between the two - it was fairly easy.

Your assessment was fairly spot on. It isn’t rocket science.

 

Was always my goal. Just had bad grades and couldn’t network into IB. I basically doubled my salary and now have PE exit ops. Pretty dope for working the same hours at a boutique

 

Non iste id tempore eaque nulla. Ipsa quia et quo quo. Expedita sed vel a laboriosam voluptate et ut.

Quas quas voluptas assumenda consequatur qui temporibus. Hic placeat consequatur voluptate iusto sunt. Assumenda voluptas saepe omnis sequi.

Nesciunt vero commodi et ullam et. Reprehenderit fugiat dolorem officiis ut temporibus consectetur vero et. Sint animi ut ut ut rem non aut.

Ullam ea excepturi dolor aut molestias. Neque vel omnis eum at. In hic est nobis eos aut.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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

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...”