Average Number of Deals Closed for an Analyst
Hoping the more experienced users can comment. I recently wrapped up an analyst stint and a colleague mentioned how I was a “deal closing machine” since I completed 7 sell sides and a buyside during my analyst stint. It got me curious, I really have no clue what is normal, versus great, versus poor in terms of deals closed.
How many deals did you all do during your analyst stint and what do you consider to be good versus bad in terms of transactions completed. Prob makes sense to state the type of bank as well because I would suspect it is different.
Me: 7 sell sides, 1 buyside, 2 comanaged IPO’s, 1 SPAC. MM bank.
This is solid, congrats man. In my first year I worked on one asset sale and 2 IPOs. Out of curiosity, what was the total transaction value of your M&A deals?
Great question! Bit north of 40B.
Sheesh, that’s awesome dude. In my eyes you’re certainly an outlier. What are you doing now if you don’t mind me asking?
Yes that is a lot of volume, 7 sellsides alone is a ton for only 2 years (and quite lucky that they all closed)
I've been in banking about ~8 years (just M&A) and I'd say on average I close about 2-3 deals per year. Some years it is 0 or 1 depending on if you get unlucky and participate in a few busted processes (like last year when all my processes died due to COVID). Other years (like this year) I'll end up doing ~7 or so (which is a mix of new deals and restarting the ones that died during COVID). It tends to even out
If you're at a balance sheet bank it is easy to rack up lots of capital markets type stuff as well which can distort totals vs. a MM or EB more focused on M&A (which are lengthier and more time consuming processes)
I feel the same. Been in banking north of 5 years. Have had years where I closed zero M&A deals and then years (2017 and 2021 namely) where I’ll have 5-7 m&a. In the light years, I was probably staffed on 4-5 deals that either blew up in diligence, taken off due to poor performance, or the founder got cold feet.
That’s crazy! You must’ve had to been at an EB/MM?
7 CLOSED sell-sides?? How are you alive. Can't imagine how busy that must've been.
Candidly luck and it’s misleading. If you get staffed during diligence of a process did you really “close it”? That happened for a few and others just didn’t hit hiccups like other deals some of my peers worked on. I got staffed on a few of them mid process. Also, one deal was an outrageous outlier for my firm which makes my transaction value seem higher than it is. Another was just a fairly large deal for my group. Definitely got lucky though.
I have zero after a year lmfao
1st year analyst here in a healthcare coverage group. I'm on 1 small sell-side M&A and 2 IPO mandates right now. I'd say both IPO will close before next February. M&A not sure since politics between shareholders is kinda messy. Was staffed on another 2 IPOs that died down.
So, let's say 2.
So much luck comes into this type of thing... Congrats OP tho, very impressive. Should have a fruitful interview process for buyside
~6months in
1 ecm (closed)
1 sellside (despac+pipe) (announced)
1 buyside (closed)
1 buyside (announcing by EOY)
1 sellside (announcing by EOY)
1 SPAC IPO (by eoy)
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