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Lincoln MM Lateral Opportunities?
I'm currently recruiting for SA23 positions and received an offer from Lincoln International for Chicago SA2023. It seems that Lincoln isn't the best for real modeling experience and exit opportunities. So, I was wondering what the process for lateraling to a bigger/better bank (EB/BB) or...
Corporate Finance in Middle Market vs Large Cap
Hi all, I started an analyst 1 position at a lower middle market boutique in NY last September (Is a small firm c. 50 professionals, covering 3 sectors), we operate in the lower MM spectrum (deal size between $20m and $120m), and I must say that I am hating every aspect of my job. I pursued a career...
Should I take the GMAT before investment banking?
I am a senior about to graduate with a 3.8 GPA and a degree in Finance from a top 25 school. I worked in IB this past summer and am continuing on with the same bank doing tech m&a full time. I do not know what I want to do after banking, but want to leave as many doors open as possible. I was...
Breaking into Investment Banking from Real Estate
I am a recent grad with 2 years of full-time work experience in Canada (MTL) at a well-known Real Estate Lending fund. Currently working as a front-office analyst, the deal flow is pretty good, as well as the level of autonomy in developing financial models & investment memos, as well as the...
MM Banks w/ M&A Groups
Hey All, Was looking to get a list of all MM / "In-between" banks with a M&A product group. See below for some: RBC Jefferies Oppenheimer Raymond James (*Not a "real" M&A group, Juniors do more ad-hoc projects and internal corporate development stuff - led RJ's acquisition of Financo) BMO
Unique Personal Style
What are the little style decisions that you make in order to add some personality to your appearance? Things like jewelry, tie patterns, or haircut. Personally, I think men should be considered the sexy gender and women should be simping for us. In this spirit, I've decided to get jerry-curls. I'm...
Summer Analyst - Pimco Alt Credit vs BAML IB vs Lazard M&A
Dear all, I'll be so much appreciated if I could have your valuable thoughts on which summer analyst role to choose among the following 3, in terms of learning curves, career trajectories, full-time return rates, compensations ... and all other aspects . I haven't decided which route I want to take...
Why I rarely see gay men doing IB
Did my bachelor in UK and now working at a BB/EB as analyst in Germany. Just wonder why I have not met or even heard many gays in this industry, only some guys during the LGBT diversity events, and rarely FO (M&A PE Trading etc)... And on these hook-up apps such as Grindr/Tinder, I have not chatted...
Which banks are advising the Russia/Ukraine merger?
I briefly heard on the news that there was a big merger in Eastern Europe between Russia and Ukraine, apparently some kind of hostile takeover. I know Lazard has very strong Sovereign Advisory and CEE groups, so I guess they're involved in some way on the deal. Do you guys have any information...
DCM intern to Coverage/M&A intern
I'm currently interning at one of the largest balance sheet banks in Europe (top 10) as a DCM - IG intern and I was wondering how easy it would be to find another internship but for coverage or M&A positions. As I am a bit worried that even though its investment banking it's not related to M&A and...
ECM to M&A Interview
How would you answer this during interviews - Why do you want to move from ECM to M&A? How do you sell your ECM experience to come off as a strong candidate?
M&A Modelling in Practice
How detailed/lengthy is the typical M&A model used on an actual transaction? Is the merger model example provided by Macabacus more or less in-depth than the typical model developed by analysts/associates in practice? How much assistance does the client give you regarding tax assumptions/sales...
Q&A: Tech sales, to corporate strategy, to corpdev M&A in
I've had a very strange but fun career path so far and get a lot of questions from peers and friends about the nuances of making such big leaps between such different roles. I also think that it's important for people to realize that you can do a lot of cool jobs without having to go through a...
Who has last word in interviews? Managers/Director/All of them?
Recently had interviews in BIG4 (KPMG) M&A Deal Advisory with two manager, and last one was with Director. Got some info that managers are very satisfied after talk with me (HR and Director said), but I had some uncertainty after interview with Director. I answered maximum I could, combining all...
Issue Solved! Thanks everyone
Thank you everyone for your help, solved my issue by lateralling. I wish deleting posts were a thing.
Fee Run
Are there any Fee Run benchmarks for M&A transactions out there based on size, transaction, or industry? It seems to be no information out there regarding this important reference of deal-making.
Racism in Workplace - Advice Needed
Hi All, I have had two racist incidents in my office, and I don't know how to handle them since we don't even have an HR department - one incident was not even acknowledged, because they pretended I was not there. The other was handled because I was on the call, and they had to take note. In...
A Decade Into IB: Teetering on the Edge of Cataclysm?
Not trolling, but I am speculating and generally interested in everyone's thoughts. I wrote my honors thesis on the European debt crisis, so I wasn't working at the time but I see a number of eerily similar hallmarks to the conditions that led up to the GFC... and now the real world implications are...
WF vs WB vs HL for Associate
I'm currently a first-year MBA associate and looking to lateral. I'm in processes at several firms. How would you rank the following for someone post-mba? I haven't decided whether I want to be a career banker or attempt to jump to a hedge fund or go the corporate route. These roles are not in the...
Why M&A? Any advice?
I am interested in the M&A group at the bank where I have a generalist offer. Besides the typical exit opportunities, I am interested due to the technical nature of the group, being able to work across different industries as I am not set on a single industry yet, and the group typically spends much...
M&A to Equity Research possible?
Hello everyone, I'm entering my last semester of my masters in Quantitative Finance and I have gotten an offer to intern full time in the M&A department at a local bank. Overall it's a great offer but the reality is that I really want to pursue equity research to enventually prograss into an...
Insight on M&A for Insurance Brokerage
Anyone have insight on M&A department in Insurance brokerage. They have a high volume of transactions within the last year for being a small, independent insurance brokerage. Additionally they are a portfolio company for a PE firm. Both factors have me concerned- like what happens to an M&A team...
KPMG Deal Advisory Interview
Hi, I am having a first round interview with a manager in Deal Advisory at KPMG. I am a recent graduate of BA with major in finance, top of class. I have done internships in valuation and banking. What should i focus on preparing for my first interview? What are the key aspects recruiters look for...
Understanding Enterprise Value, Help??
Hey, I have an interview and I really can't understand why we add debt to equity value on the enterprise value. Doesn't the equity value already automatically discount the debt and thus only the real amount to be paid is left? I read that the buyer always was to pay for the debt but I just can't...
Help a monkey out of a shithole
Hey guys, I've been following this community for a while now, and I really like the advice you have given out to others, so I come before you now, asking for some, as I kind of feel like I'm stuck in the CEE while hoping to move on to a more interesting place. Would really appreciate it if any of...
FT Partners London Culture and alternatives
Does anyone here have any experience with the London Office of FTP? Same culture like the US or any better? Hours during the week and on the weekends? I was thinking about applying due to the Fintech focus and deal flow but really not sure if I want to be part of this firms culture. On the other...
Big4 M&A vs MM IB in UK
Hi all, I'm wondering if someone could help me understand the exit opps (to EB, BB, PE and CorpDev) of Big4 M&A (incl. ACA qualification) vs MM IB (GCA, Canaccord, Raymond James, Stifel etc) within London. Thanks very much in advance.
Switching to M&A - Corp Dev in a Big Financial Group
Fellows, I want to know any thoughts about switching to M&A Corp Dev (Senior Analyst) for a big financial group in Latin America. The firm is really active in M&A, being the main business a Bank in LatAm. They have a big insurance business, brokerage firm and asset management, among others. The...
Rothschild (LDN) M&A or Debt Advisory/Restructuring?
Hi guys, I've been fortunate enough to get a summer internship at Rothschild and I have to choose between either M&A or Debt Advisory/Restructuring (Rothschild put DCM and restructuring under the same group), but I don't know what to pick! I'm drawn towards restructuring as I find the debt analysis...
How do you find your IBD (M&A) news?
Just what the title says. Where do you like to get your news regarding IBD deals, specifically M&A activity (I already get updates on capital markets from Squawk Box/CNBC or other radio shows)? Podcasts/Spotify, WSJ, Financial Times, Seeking Alpha? I have access to Pitchbook, Bloomberg Terminals,...
Advice: Leveraging ft consulting offer for ft IBD offer?
I have recently completed an IBD analyst internship in M&A at a Middle Market bank. Though I performed well, the firm could not extend me a full-time offer (sponsorship issues). I am in the process with multiple banks; however, I have just received an offer at a T2 consulting firm in the Strategic...
Sell-Side M&A Earning Potential
I’m looking to transition into a sell-side M&A role at a boutique middle market investment bank / M&A advisory firm. (32 person shop). What is the long term earning potential at the MD level in this role and a firm this size? Base salary & bonus / commission potential...
Need an Overview on M&A Arbitrage (Modelling specifically)
Became interested in M&A Arbitrage recently and am hoping to get a deeper look at how it all works. Know the bare minimum basics, but need some recommendations on readings/resources to learn more. Also am more specifically interested in learning how the valuation process works in the M&A Arbitrage...
Restructuring Analyst Description
Hi Everyone, I am thinking of moving into restructuring because I am interested in distressed asset/debt. I was just wondering what an RX analyst does vs a standard IB analyst working on M&A/IPOs. In particular: -Valuation work (Do RX groups work on DCFs, LBOs, M&A modelling, Takeunder transaction...
Jumping from Mid-market M&A advisory to Bulge bracket
Hi, I currently work for EY within their Tax team and I have been trying really hard to transition into M&A. After 9 months of rigorous search, I got an offer at a boutique corporate advisory team specializing in M&A. I wanted to work for a bulge bracket bank but it seems way too competitive with my...
Values for merged company
Hello everybody, Suppose these companies are to merge: Company 1 (acquirer): Market cap = 3bn, EV = 2.85bn; EBITDA = 0.15bn Company 2 (target): Market cap = 0.523bn, Net debt = 0.058bn; EBITDA = 0.041bn; premium to be paid 30%; Transaction will be 100% debt financed. What's the merged company's...
Execution focused M&A group at a MM?
Accepted an offer at a run of the mill MM bank, I got put in the M&A group which is pretty sweet since I'll primarily be working on live deals, but I learned from some bankers in the group that their job is focused on "execution". They don't do very much modeling, no pitching, they just do a lot in...
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...
Interview with partner
Hey guys, I am interviewing in a small M&A boutique focused on cross-border transactions for a junior position. I already had 2 interviews: 1) with HR - more conversational and no technicals. 2) with one analyst and one associate - technicals and case study. Next week I will have the last round of...
Q&A: M&A Analyst Turned HF MO Operations Manager -- Ask Me Anything
WSO Monkeys. Intro on my background: - Non-target school, Finance major 3.6 GPA. - Interned at Wealth Management/Insurance Shop (hated it) - Interned at Family Office PE shop specializing in Dental M&A Rollup model (Buy-Side Stage) - Interned at PE/Corporate Dev M&A Buy Side in Services/Document...
Moving from HSBC M&A to more 'reputable' banks?
I'm looking for general advice or opinions that people within the industry may have from their experiences. I recently received an offer to join HSBC London in M&A and it's the best offer I received so I'm happy to take it. From reading WSO and so many opinions online (which I take with a grain of...
Goldman Sachs M&A Product Group: Thoughts?
I recently received a summer analyst offer from Goldman Sach's M&A product group within NY IBD. I was told that the group works on shareholder activism, structured M&A, and M&A capital markets and works with the various industry groups; however, everyone I know has never heard of it. Does anyone...
Monkeys, I need your advice
I'm a final year Bachelor of Commerce & Corporate Finance student at a solid uni. I received a couple of offers from boutique firms (One M&A, one PERE), but none from the large ones. I've got decent professional experience, but mediocre grades. Should I: - Take one of the offers from the boutique...
Exit Opps For Deloitte M&A RX Consultant
Hi all, Currently an Audit Senior, and have been interviewing for a new job. Was taking a look at Deloitte's M&A RX Consultant role - what are the exit opps for that? How does that compare to FAANG FP&A Financial Analyst, or Middle Market (or boutique/bulge) IB Analyst? I'm ultimately interested in...
Exit Opps for Deloitte M&A RX Consultant
Hi all, Currently an Audit Senior, and have been interviewing for a new job. Was taking a look at Deloitte's M&A RX Consultant role - what are the exit opps for that? How does that compare to FAANG FP&A Financial Analyst, or Middle Market (or boutique/bulge) IB Analyst? I'm ultimately interested in...
*URGENT* Relocating to London in a post-COVID, post-Brexit world
Hi all, Just got a job offer from a top-tier BB to join one of their sector teams in London. Alternatively, they proposed I join their mid-cap country coverage team based in the same city I am currently working in, in continental Europe. The value proposition of a European sector role vs a regional...
Best internship path to PE: Prestigious and Fast Growing Company Corp Dev M&A Intern or Prestigious Bank Treasury Intern
Hello Wall Street Oasis. I have been relentlessly researching through my network, LinkedIn, Reddit and WSO for the past weeks, without actually arriving at a definite answer to my dilemma. I'm 21 and currently in the middle of my graduation at a top target school in Brazil and doing a target degree....
Q&A: M&A Vice President at Deutsche Bank - Ask me anything!! (AMA)
Hi! I would like to introduce myself to the WSO community. As a way of quick background. Currently Vice President at a BB Bank, with 7+ years of experience leading M&A and IPO transactions Mainly worked within TMT and infra space Executed several multi-billion and crossborder deals Led on-campus...
2 Internships Freshman Year...Resume Advice
Hey guys, I'm a rising sophomore at a target school, and I'm currently doing two internships this summer. One is remotely at a MM Asian investment bank, where I'm mostly doing grunt work, but the other one is a NYC boutique where I'm currently working on a SPAC M&A deal. I have the MM Asian bank on...
Presentation Advice for Corp Dev/M&A Strategy
I've got to give a presentation to the Corporate Development team of a UK based company for a graduate role and I'm struggling with how I should go about it. The presentation is meant to be on where they should focus their M&A strategy going forward, incorporating how it links to their current...
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