At a Top Business School - ZERO Banking Experience - Going to do M&A - But Have No Idea How I'm Going to Do it....

Deleted, I think I figured it out lol.

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Comments (14)

Oct 27, 2016

Two things:

-Haas is definitely a target school for IB in SF (second only to Stanford). I'm not sure where you heard otherwise.
-As an Associate you will likely be making well over $150k, so you won't be taking a pay cut by any means.

I think your plan is extremely interesting and unique. Good luck man!

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Oct 27, 2016

Thanks man! This is why I joined this form, this reply right here...

BTW I thought everyone with no experience starts out as an analyst, even those with an MBA, no?

Oct 27, 2016

MBA's traditionally start out as first year Associates. I would guess the only scenario where an MBA would start as an analyst was if they went into a low-tier MBA program right after undergrad with 0 work experience. You definitely won't have that issue with a Berkeley MBA.

Also something to note (which I don't personally know), but I think there may be a perceived difference between the full-time MBA being more prestigious than the part-time MBA at Berkley. I could be wrong, though. You may want to contact alumni who did the part-time program and see if they have any input on that topic.

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Oct 27, 2016

Agreed. I work in the bay area, and at least in my experience in finance, UC Berkeley MBAs far outnumber Stanford MBAs. I've only run into one Stanford MBA in finance here. The caveat is that I don't work in IB, so YMMV.

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Oct 27, 2016

Get an interview guide. WSO and BIWS both make good ones. Then get the Rosenbaum investment banking book from Amazon. You can get an older version of that book to save money.

That should set you up with some industry knowledge. Then, start networking. I would highly, highly suggest spending a few hours searching through WSO, paying close attention to the Hall of Fame threads here. There is a lot of helpful information here. Good luck.

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Oct 27, 2016

Are you able to do an internship next summer? Not sure if you can take a hiatus from your day job for a few months to get this done, but I think it's going to be more or less mandatory if you want to recruit effectively for associate roles.

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Oct 27, 2016

If you want to do M&A go for it, but in re to you "Master Plan", M&A is not going to help. I don't see how you need M&A experience to help companies merge supply chains. M&A will only give you transactional experience and with have nothing to do with operations after the company mergers.

I would look into supply chain consulting and / or corp development for a large MNC that historically does a lot of M&A. All the big consulting firms have supply chain consulting where they consult companies after mergers to optimize their supply chain. This will give you the best experience to open up your own supply chain company.

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Oct 27, 2016

Agree with this.

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Oct 27, 2016

Thanks for your input guys!

Glad to hear the Haas produces a lot of Investment Bankers.

@jankynoname So an internship is a must basically? I'll do whatever I have to do.

@modestlocke9 Thanks for your input, I had consulting in the back of my mind as well, but I do I currently work at a company that buys up a lot of other companies and I am helping them merge their SC's. M&A will help me transactionally, but I think it will also help me understand the finance involved in merging supply chains (and companies in general). I should also be able to build up a huge book of contacts which I'll need when I start the company. ...But besides all that, it seems super interesting in and of itself. :)

@Sil I'll definitely read that book, have you ever read Monkey Business? Its a great read.

Oct 27, 2016

Stop, stop, stop. Most of the other commentators here have completely missed the mark, and as "students" or "first year analysts," it is no wonder. You should go into consulting at an MBB or a Big 4 accounting firm. That will be much more complementary to your supply chain aspirations. I did 5 years of consulting before business school and now banking after an MBA. So that I am crystal clear: There is absolutely nothing at all as a banker that you will do that will add knowledge or experience to anything even remotely tangential to supply chain analysis in any fashion. These companies hire MBB or a Big 4 accounting firm to do their M&A integration. A banking associate puts in working capital items in the model, maybe a few lines for cost synergies, and verifies the numbers on the back of the consultants' reports. You can learn that in a day. There are many interesting aspects to a banking Associate work but anything approaching rigorous supply chain analysis is not one of them.

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Oct 27, 2016

Best response in the thread. Banking does not make sense for the stated long term goal. MBB or a big 4 group's supply chain practice does. Hell....I'd even look at Amazon and WalMart. Companies like that are a great 'pedigree' for supply chain and will grant you a lot of credibility as an independent operator.

Oct 27, 2016

Yep, Wal-Mart corp dev/strat sounds perfect for OP's long term goal.

Oct 27, 2016
Oct 27, 2016

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