Comments for Mergers & Inquisitions https://mergersandinquisitions.com Discover How to Get Into Investment Banking Fri, 25 Aug 2023 01:31:47 +0000 hourly 1 https://wordpress.org/?v=6.2.2 Comment on The FP&A Manager: The Best Mid-Level Role at Large Companies? by Brian Nguyen https://mergersandinquisitions.com/fpa-manager/#comment-817444 Fri, 25 Aug 2023 01:31:47 +0000 https://www.mergersandinquisitions.com/?p=30500#comment-817444 In reply to M&I – Brian.

Ah I see. Thanks for your help!

]]>
Comment on The Great SPAC Scam: Why SPACs Are a Great Deal for Celebrity Sponsors, But Not Companies or Normal Investors by Kevin English https://mergersandinquisitions.com/great-spac-scam/#comment-817443 Thu, 24 Aug 2023 23:13:03 +0000 https://www.mergersandinquisitions.com/?p=31367#comment-817443 You missed a key reason why SPACs under perform — really reverse mergers in general. They are used because the company that wants to be public doesn’t have good enough numbers to go public on the merits of their current balance sheet. You are starting with a lemon that couldn’t pass the scrutiny required to undergo the traditional approach to going public.

]]>
Comment on Investment Banking in Singapore: The Best Gateway to Asia for the Non-Chinese? by orden https://mergersandinquisitions.com/investment-banking-in-singapore/#comment-817424 Thu, 24 Aug 2023 03:25:03 +0000 https://mergersandinquisitions.com/?p=34876#comment-817424 Hi Brian, thanks very much for the article! I’m currently a Singaporean about to begin studies at a UK target school, but my long term plans are ultimately to come back and work in Singapore. I would love if you could answer the following questions:

1. Is there still any value to having overseas work experience on my CV if my long-term plans are in SG?
2. Am I better off pursuing the spring/summer grind in London and transferring back as an associate, or should I try to apply for summer internships in Singapore and get FT offers that way?
3. Would this process be different for IB and MC?

Thanks!

]]>
Comment on Investment Banking in Singapore: The Best Gateway to Asia for the Non-Chinese? by orden https://mergersandinquisitions.com/investment-banking-in-singapore/#comment-817423 Thu, 24 Aug 2023 03:21:30 +0000 https://mergersandinquisitions.com/?p=34876#comment-817423 Hi Brian, thanks for your helpful article! I’m a Singaporean studying in a target school in the UK, but my long-term plans are ultimately still to work in Singapore, although I do believe there is still some value to having some overseas work experience on the CV (your thoughts?). Do you think I would be better off pursuing the spring/summer grind in the UK, and then transferring back as an associate, or should I begin my summer internships in Singapore? Additionally, do you know if there would a difference depending on whether I was in IB or MC as to which option I should pursue? Thanks!

]]>
Comment on How To Get Into Investment Banking by Aaron https://mergersandinquisitions.com/how-to-get-into-investment-banking/#comment-817419 Wed, 23 Aug 2023 21:45:33 +0000 https://www.mergersandinquisitions.com/?p=27203#comment-817419 In reply to M&I – Brian.

That’s great advice, thank you.

I completely understand the purpose of learning valuation, accounting, financial modeling for the sake of potential interviews (and I plan to do so), but is there any way to showcase that I actually took the time to work through material (i.e. on my resume or in information interview calls, when the time comes)? Or does that not really matter?

Also, during the stretch between now and January, I am trying to land an off-cycle internship in IB, PE, or VC roles. I have some potential leads for a private credit role. Do you think that would be valuable? Any other times of roles that you think would be beneficial for now? I know it’s not the time to be picky with options. Thanks again.

]]>
Comment on How To Get Into Investment Banking by M&I - Brian https://mergersandinquisitions.com/how-to-get-into-investment-banking/#comment-817391 Tue, 22 Aug 2023 10:53:55 +0000 https://www.mergersandinquisitions.com/?p=27203#comment-817391 In reply to Aaron.

You can try networking internally to work on deals, but I would be careful about pushing it too much before you start working full-time. You don’t want to come across like you’re actually more interested in other areas before your full-time job has even started. But if you can gain some deal experience, yes, you will be more competitive for IB roles in the future.

Other than that, it always helps to learn accounting, valuation, financial modeling, etc., but you may want to hold off a bit and do that when you’re about to start recruiting for IB roles so you don’t forget the material and have to re-learn it.

]]>
Comment on Investment Banking Target Schools: Lists by Region and What to Do If You’re Not at One by M&I - Brian https://mergersandinquisitions.com/investment-banking-target-schools/#comment-817390 Tue, 22 Aug 2023 10:52:03 +0000 https://mergersandinquisitions.com/?p=34305#comment-817390 In reply to BBEB.

I would say Notre Dame / Mendoza is the better choice here, even though Cornell slightly outranks Notre Dame in the university rankings. The biggest issue is that CALS at Cornell is quite different from the other majors/programs there, and you will be at a disadvantage coming from that program. It’s still Cornell, so you can get into IB, but your chances are probably better coming from Notre Dame in this case.

]]>
Comment on Exit Opportunities as a Post-MBA Investment Banking Associate: Impossible is Nothing? by M&I - Brian https://mergersandinquisitions.com/investment-banking-associate-exit-opportunities/#comment-817389 Tue, 22 Aug 2023 10:46:26 +0000 https://www.mergersandinquisitions.com/?p=21407#comment-817389 In reply to Anon.

I would accept the IB offer because in the current hiring market, it might be very difficult to find something else good in tech or finance unless you have a very specific skill set (i.e., something related to the AI hype).

Also, I don’t think you want to spend your entire 2nd year of business school recruiting yet again when you already did that the first year and won a good offer from it.

If you really hate IB or do not like your group, I think you can stay in the role for ~1 year (which is basically nothing over a ~30-year+ career) and then find something better, maybe in corporate development or product management at a tech company. Yes, it may not be a fun year, but it will set you up for some better opportunities afterward and make you a lot more competitive for both tech and finance roles.

]]>
Comment on Is Finance a Good Career Path? The 2023 Update by M&I - Brian https://mergersandinquisitions.com/is-finance-a-good-career/#comment-817387 Tue, 22 Aug 2023 10:40:57 +0000 https://www.mergersandinquisitions.com/?p=24305#comment-817387 In reply to Avneet.

I would recommend reading the articles about lateral hiring, Master’s, and MBA programs because you’ll have to use one of those at this point since you’re already working full-time:

https://mergersandinquisitions.com/lateral-hiring/
https://mergersandinquisitions.com/investment-banking-masters-programs/
https://mergersandinquisitions.com/mba-investment-banking-recruiting-process/

The biggest issue is that the IB hiring market is currently terrible, so you might have to wait for a recovery. Also, it’s incredibly difficult to find roles in Canada because it’s a tiny market. If you can go to the U.S. instead, you’ll find a lot more openings there.

]]>
Comment on The FP&A Manager: The Best Mid-Level Role at Large Companies? by M&I - Brian https://mergersandinquisitions.com/fpa-manager/#comment-817386 Tue, 22 Aug 2023 10:38:06 +0000 https://www.mergersandinquisitions.com/?p=30500#comment-817386 In reply to Brian Nguyen.

It depends on your past work experience. Big 4 experience can add value if you don’t have good brand names on your resume, and audit is relevant or many corporate finance roles at normal companies, but if you already have experience in corporate finance, valuation, investment banking, etc., I don’t think Big 4 audit will add much. It would be more useful for someone who has little-to-no accounting/finance work experiecne.

]]>