Walk me through a deal question
I am a sophomore recruiting for SA positions in IB. I prepared a walkthrough of a deal in the industry group I am targeting. However, does this deal have to be specific to the bank I am applying for? If so, I would have to prepare 15+ deal walkthroughs in total, which would be super difficult for me to write and memorize in a reasonable amount of time. Is it okay to pitch a deal to them that their bank did not work on?
Walk me through a deal doesn’t mean the same as walk me through a deal that analysts usually get in buy side interviews. As a sophomore it’s sufficient to describe the parties involved in the deal (buyer/seller), the reason why the deal makes sense (buyer is looking to expand into new geographies, achieve revenue synergies, seller wants to enter their product into new distribution channels etc.), and its potential impact on the industry (does this deal significantly decrease competition?). It’s fine if your answer is from a birdeyes view because it’s likely the only metric available to the public at the time is the value of the deal overall. As an analyst recruiting for the buys use, you’d ideally see how a deal progresses from beginning (bake offs, go-to-market strategy) through the end (diligence/LOI/Merger Model structuring) and you will have a much better sense of the financial engineering done behind the scenes as well.
Thank you! My question though is does the deal I walkthrough have to be a deal that the bank I am interviewing for specifically worked on? Because in that case I would have to prepare a separate deal for every bank I apply to.
Oh absolutely not - I’d just have the deal be industry relevant (for coverage groups) for generalist M&A groups you’d be fine picking any deal you’d like.
Consequatur molestias mollitia quia aspernatur voluptatum velit. A et tempore sit neque nemo atque. Cupiditate aut labore sapiente ut officiis. Quaerat non doloribus molestiae laboriosam. Perspiciatis at modi quibusdam eaque qui incidunt occaecati. Nostrum hic ut non quae harum illum.
Nesciunt sunt ad velit corrupti. Placeat sint voluptatem culpa ea. Repellendus laudantium ratione ut ut et. Eum nihil sint qui autem non deserunt inventore. Ipsa excepturi aut et. Doloremque modi quo et et sed ut.
Voluptates dolore numquam omnis ut. Molestiae et doloremque dolores excepturi quia minima voluptas. Libero quaerat molestiae quod vel et culpa sunt. Fugiat magnam qui aliquam asperiores ex ullam et.
Ullam consequatur est repellendus iure quos occaecati quod. Est sed in dolorem et. Est sed voluptate qui dolor ipsam non. Distinctio sed officia asperiores autem. Aut earum quidem culpa dolor.
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...