While at university, I took part in a number of internships across different sectors which helped me realise that M&A appealed to me most. What I really enjoy about M&A is the opportunity to work with companies to understand how they operate and what makes them successful.
Having studied engineering, I didn’t have a finance background, but this wasn’t essential. There are great training programs, and though it is a steep learning curve, you quickly gain significant financial experience and are able to make a meaningful contribution from very early on.
At Houlihan Lokey, we run very lean deal teams, so as an analyst you have a significant amount of responsibility as well as the opportunity to interact with clients. At the start of a deal, there is a of analysis – of a company’s financials, customers, markets etc. There is also a significant amount of work done to establish how to position the business and what the key drivers of growth are, which often includes financial modelling.
As the deal progresses, analysts project manage due diligence and the Q&A process. Analysts are typically involved in the entire process, from cradle to grave, which means that you get an in depth understanding of the business, as well as the broader industry in which it operates.