M&A typically requires creative thinkers and problem solvers in order to present clients with thoughtful, bespoke services. M&A bankers tend to be innovative, optimistic and personable. They enjoy brainstorming for clients across a spectrum of industries and present them with unique ideas for their businesses. They are also highly agile and adept at working through unforeseen circumstances.

Due to the nature of transactions being worked on, capital advisory bankers’ work tends to be more technical and analytical as in-depth financial modeling is typically required. Additionally, bankers who focus on debt capital tend to emphasize stability, predictability and down-side protection of businesses when executing their engagements given the mindset of the debt investors with whom they interact.

Private funds advisory bankers require deep industry and domain expertise to deliver highly customized solutions to their clients. They should have an entrepreneurial spirit, be forward thinking and imaginative in their approach. However, the most important skill to develop is the ability to build relationships. Strong connections will ensure the desired outcome is achieved for clients.

Due to the complex nature of supporting businesses and their stakeholders during challenging financial situations, these bankers are often strong-willed with savvy negotiating skills and steady, even-keeled demeanors. Those interested in the legal aspects of deal making may enjoy this type of work, as it oftentimes requires substantial interaction with legal advisors and in-depth analysis and negotiation of legal documents.

These bankers are some of the most technically-oriented in an investment bank and are commonly trained in accounting and/or are former auditors as they require the skills and experience to accurately conduct portfolio valuations, business valuations and transaction opinions.