London based - M&A strategy team (ACA qualified) trying to transition into IB (Associate - mm / boutique).

Focus on CDD, carve-out (op model, cost base + value creation) and ODDs. Have led / worked on 25+ deals (largely retail and consumer) ranging up to £10b EV. Consistently top rated + fast tracked to SM. Comfortable with modelling (deal exp + wall street prep).

I am largely being ignored by recruiters. Understand it's a tough market but would love advice on approach / referrals.

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Unfortunately carve out and ODD just doesn’t translate into an IB role. CDD just about.

The difficulty will be you’re an expensive associate competing against MM analysts who will have done 8-10 deals with really relevant end to end deal experience.

The benefit will be around client management, but the modelling won’t translate.

I’d recommend moving to Big 4 CF, or to a smaller independent boutique - you’ll have to do some research but firms like Carlsquare, Hines, Torch, Fenchurch etc who are all good firms and be prepared to go in as an analyst

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