The pathway
How you actually get there, here
How you become one varies far more by country than what one does. This is the UK route. Most people take one of these ways in; the right one depends on where you're starting from.
- 1
Investment Banking Analyst
2-3 yearsSkills to master
- Building financial models (DCF, LBO, merger models), preparing pitch books, managing data rooms, intense work ethic, client communication.
You're ready to move on when
- Consistently ranked as a top-performing analyst in your class.
- Led significant sections of multiple live deals.
- Received strong feedback on your modelling accuracy and presentation skills.
- Demonstrated a desire to move to the 'buy-side' and focus on corporate strategy.
- 2
Big Four Transaction Services / Corporate Finance
3-4 yearsSkills to master
- Quality of Earnings (QoE) analysis, financial due diligence, carve-out modelling, working with diverse client teams, project management.
You're ready to move on when
- Managed several complex financial due diligence engagements end-to-end.
- Strong understanding of accounting nuances and their impact on deal value.
- Proven ability to synthesise complex financial information into clear reports.
- Expressed a clear interest in moving beyond advisory to principal investing or corporate M&A.
- 3
Private Equity Analyst / Junior Associate
1-2 yearsSkills to master
- LBO modelling, portfolio company analysis, investment memo writing, deal sourcing support, understanding private markets.
You're ready to move on when
- Actively involved in the evaluation and execution of private equity deals.
- Developed strong commercial acumen and understanding of value creation levers.
- Seeking a role with a broader strategic mandate within a corporate setting.
- Proven ability to work independently on complex investment analyses.