College Experiences That Helped An M&A Investment Banker At Houlihan Lokey Succeed
David's undergraduate success stemmed from numerous internships, even "oddball jobs," which provided valuable experience and mentorship, far outweighing academic pursuits; a mentor's insightful suggestion to pursue middle-market M&A investment banking, based on observations from their economic consulting internship, ultimately shaped their career path.
Internships, Mentorship, Career Exploration, Networking, Problem-solving
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
David Crosson
M&A Investment Banking Associate
Houlihan Lokey
Yale University
MBA from Kellogg School of Management at Northwestern University
Economics
Finance (Banking, Fintech, Investing)
Finance
None Applicable
Video Highlights
1. He secured many internships throughout college which helped him explore different career paths and ultimately find his passion for M&A investment banking.
2. His mentors played a significant role in guiding his career choices, providing valuable insights that he may not have realized on his own.
3. Working various jobs during summers, even seemingly unrelated ones, proved more beneficial than focusing solely on academics for his career prospects and provided him with networking opportunities.
Transcript
What did you do in undergrad to set you up for success in your career?
I am grateful that my family, and my grandfather in particular, pushed me to take jobs whenever possible. It just looks good on your resume.
I had incredible opportunities to do academic fellowships and summers here. My mentors and family pushed for me to work during the summers, even if they were oddball jobs. These proved far more important to ultimately securing the job I wanted post-graduation than anything academic I could have done in the summer.
I've had more interviewees ask me about being a trained conductor at Knott's Berry Farm than they have about any classes I took at Yale. Doing these internships was also good for my own personal learning.
I did internships for jobs I didn't fully understand, like how sales and insurance worked, or in areas I later learned I couldn't stand. I thought equity research was fascinating, but determined I could never do that job. I'm grateful I knew that, so when I looked for future jobs, I had no doubt that was not an area I would explore.
The final thing to consider is that doing this, I developed mentors who got to know me but could see further than I could. My last internship was in economic consulting. I liked it and thought it was interesting.
It was actually a mentor there who noted, "You should not work here. You're going to get bored with this. You like working with management teams. You like problem-solving with our clients. You should go work in M&A investment banking." They specifically advised middle market because "you're going to get a lot more volume clients that you work with."
As a young person, I just assumed they were right. Looking back, that was incredibly wise. I'm grateful I could benefit from the wisdom of these other individuals I worked with through my internships.
Absolutely the best advice I received was: when possible, try to work a job. They're incredible experiences and they pay off as you try to find employment post-graduation.
