Networking is Key to Getting Into M&A
Getting into M&A requires a solid academic background, which is why the most sought-after M&A jobs usually require an MBA. But it also helps to network with professors, alumni and others who can help gain access to top firms and networking is essential to securing these jobs.
M&A analysts are hired to create financial models that evaluate the value of two companies after an acquisition. This requires detailed work on synergies and capital cost and also proforma impacts to EdgeCo and IRR. It’s an important job, and top companies must find people who are able to thrive in the company culture. To achieve this they search for candidates who have strong communication skills and the ability to work as an effective team player.
Successful M&As require a lot of coordination and collaboration. If the acquiring and target companies are both remote, the processes become more difficult to manage. With a digital workplace that supports collaboration, teams are able to remain on track with integration planning and communication throughout the process.
Achieving a successful cultural fit is one of the most challenging aspects of M&A. People often believe that a cultural fit will occur naturally once the deal is concluded however this is a risky assumption. The merger that was attempted between AOL Time Warner failed due to cultural differences. AOL’s staid corporate cultures did not mesh well with Time Warner’s arrogant aggressive and cocky approach.
To avoid this type of disconnection, leaders must ensure that all employees are aware of what’s happening. This can be achieved by providing a reliable stream of information that keeps employees informed, deter rumors and reassure staff about their future at the new company.