Entry-Level Positions for Aspiring Investment Bankers
Aaron, a Managing Director at Qualia Legacy Advisors, emphasizes the unexpected fragility of transactions, advising that "deals can fall apart," requiring persistence and a diversified portfolio of opportunities. The reality, according to Aaron, is that deal closure takes considerably longer than anticipated, often due to unforeseen complications.
Industry Realities, Overcoming Challenges, Resilience, Achieving Goals, Hard Truths
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
aaron meyerson
Managing Director
Qualia legacy Advisors
UC Berkeley
Stanford MBA
Economics
Arts, Entertainment & Media, Finance (Banking, Fintech, Investing)
Finance
None Applicable
Video Highlights
1. The deal-making process is fragile and many deals fall apart; having multiple deals in progress is necessary for success.
2. Closing deals takes longer than anticipated due to complications and requires persistence.
3. It is crucial to understand and accept that many transactions will not be completed, and that many will take longer than you expect.
Transcript
What have you learned about this role that you wish someone had told you before entering this industry?
The fragile nature of transactions means deals can fall apart, and you have to be prepared for that. You need enough irons in the fire, knowing some won't make it to the finish line.
The "stick-to-it-ness" is crucial to get them over the finish line. It's really satisfying to close a deal.
However, you have to realize they generally don't happen as quickly as you think they will. They tend to take longer, and there are always complications.
I don't know if I had a complete appreciation for that going into it. But it's definitely something anyone going into investment banking, or just the deal business in general, should be aware of.