What kind of work do consultants do in M&A advisory? Most research I do points me to investment banking instead of consulting.

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Banks do value and funding. Legal does legal entity separation and TSA agreements. Consulting does M&A strategy, approach and execution of transitional and future state operating model, workforce planning, approach and execution of technical and physical carve outs/separation, TSA exit support, and potentially site migrations.

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This is a fantastic answer. Thank you!

They do commercial/operational due diligence and don’t really get into the structure of the deal

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Not really an alternative ; they do different work

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Calls with experts, customers, competitors. Market models. Surveys.

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Due diligence

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Investment banking on PowerPoint

smart

Depends on the firm. I work sell side LMM and run from sourcing the client (bd) through deal closing.

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