Ask a M&A intern anything

few hours to spare before duty calls. for prospective summer interns, if there's anything specific you want to know about an internship in M&A or people's experience, ask here.

i'm sure others who've interned/worked can give a good perspective aswell.

Hi,

Is there a lot of travelling in a typical week (e.g. to clients offices?)In addition, how quantitative is your work? Is it mostlyworking on pitch books etc or do you spend a good amount of time doingmodelling?Thanks for your time

Would you say your role is more or less technical than a coverage role?

How many hours do you tend to work as an intern?

more, we're mainly execution. depends on what you mean by technical



on average around 16, 9-1 on a typical day, sometimes leave around 12 and others can be as harsh as 3. it all depends on workload, and efficiency.

I mean modeling wise


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more, we're mainly execution. depends on what you mean by technical



on average around 16, 9-1 on a typical day, sometimes leave around 12 and others can be as harsh as 3. it all depends on workload, and efficiency.

more, we're mainly execution. depends on what you mean by technical



on average around 16, 9-1 on a typical day, sometimes leave around 12 and others can be as harsh as 3. it all depends on workload, and efficiency.

Why do they not just hire more people instead of giving you twice the workload of most other jobs? Is the work of such a nature that it couldn't possibly be shared among more people?

Have you interned for other divisions? If yes, how does M&A compare?

Sorry I don't think I completely got you there, 16 hours in a single day!?

I feel like you work in an American bank. Anyway what uni did you go to and what degree did you do?
Have you use any knowledge you got from our degree while working?

Why do they not just hire more people instead of giving you twice the workload of most other jobs? Is the work of such a nature that it couldn't possibly be shared among more people?

That's a good question. I suspect more people= lower salary=> less qualified employees. This is especially important for an industry that tries to get the best and relies on prestige. But I'm not the investment banker. Would like to hear OPs answer though.

Yes, in markets. m&a I feel gives you more grounding to what's actually relevant in the business environment, and is overall long-term project based with a hell of alot of due-dilligence where you're making decisions on a lot more information then you would otherwise do in markets.



Yes, as an analyst that's generally the work hours.



I study Investment & Financial Risk Management at Cass Business School. Yes, as my course is generally quite relevant to finance, I knew quite a few things already. That being said, the practicality of how the bank does things is almost always going to be different from the theoritical grounding you get at university.






There's no need for more people, workload is highly volatile, sometimes there's many active deals, whereas othertimes there's little work to go around (and you're staffed on mostly pitching), I think the amount of people in the office atm is definitely enough to cope with the workload. If industry deal activity picks up, I'm sure there would be more hires.

But as above, a key consideration is competence, and just hiring a bunch of kids wouldn't necesserily mean the bank will sustain high quality proudce. An integral part of what you lean in M&A (I feel) is managing time, responsibility and being a lot more efficient than the average person.

You are aware that a 16 hour day is completely illegal?

You are aware that a 16 hour day is completely illegal?

You sign an opt-out form to relinquish you from the European working time directive when you start.

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Not relevant if you want to keep a job in this industry.

Well then frankly, you work in a bull**** industry and I think you'd have to be crazy to put up with that.