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John Lenz

Guest comment: Differentiating your CV with a transaction list

First comes the CV. Next comes the list of transactions you've worked on, says John Lenz, consultant at financial services executive search firm Healy Hunt.

For candidates seeking mid- to senior-level front-office banking positions, a transaction list is an essential appendix to a CV. For those less experienced candidates looking for more junior positions, adopting a similar approach can also make a big difference.

As its name suggests, a transaction list is effectively a list of notable transactions that a candidate has worked on over a period of time. Normally 18-24 months is considered sufficient. It outlines for each deal:

• name of lead bank/company (or description of the company, where confidential);
• the type of transaction (e.g. M&A);
• the size of the deal in monetary terms;
• your input into the transaction – e.g. origination (1st chair, 2nd chair), execution, modeling, due diligence.

There are several reasons for adopting such an approach. Firstly, it can demonstrate good client contacts and an exposure to the important players in the financial markets. The old adage 'who you know' applies here. Second, a transaction list can often be used to infer that a person's experience is client-facing, revenue-generating, front-office and commercial – important prerequisites to securing a front-office role.

Because a deal list forms an appendix to a CV, it also has the advantage of keeping the CV itself short and sweet – if you're referring to the deals you've worked on in an appendix, there's no need to include more than a summary of each role in your CV. This keeps time-conscious recruiters and line managers happy.

Bear in mind, however, that the deal list will frequently be used as a point of reference in an interview, so be sure to be accurate in articulating your input – and don't exaggerate! I've come across several situations in which candidates have overstated their input on a particular deal only for the interviewer to ask a number of technical questions about a specific transaction. The candidates have not been able to respond adequately and the line manager, suspecting the worst, has quickly rejected them from the process. The golden rule of CV writing applies here: don't lie, as you will be found out!

Another common mistake is to quote too many deals when compiling a transaction list. Candidates wrongly assume that by inundating the reader with pages of transactions, their application will create the perception of greater experience and be more successful. Not true! Stick to the most notable transactions, ideally ones that have gone to credit committee (regardless of whether they complete), have done so within 18-24 months and where your input in the deal has been most worthy of mention. Deals listed on the transaction list should also be highly relevant to your specialist market. Remember recruiters and line managers look for quality not quantity when reading a CV.

COMMENTS

Wasilatu Tampuri, Student,  Mon 17 Sep 07

Very impressed about this information. It has given me an insight about what should and what shoud not be included in a person's CV.I did not know the requirements of a CV but I have just learnt it and I am very sure it will do a lot of good to me.Since I am ignorant about certain things, I found some areas quite technical(example,Deal list),and I could not actually get the meaning and therefore I could not understand.For now I can proudly say that I can present a good CV and it will be acknowledged.Thank you very much.

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Anonymous, Capital Markets,  Fri 21 Sep 07

Wasilatu,
good to hear that it was extremely useful to you. No offence mate, but this article only talks about deal list and what to include in it. Hence only applicable to middle to senior management. As a student what the hell can you take out of this article. Funny thing is the article is all about deal list and the only word u didn't understand is "deal list".

To the writer of the article - the article is quite good.

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Chris, Asset Management,  Wed 26 Sep 07

The guys is a student and he feels like he learned something.  Why does that seem to bother you?  Cut the guy some slack!  And what is wrong with writing to thank the author, regardless of circumstances?

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AAA, Risk Management,  Thu 27 Sep 07

Agree with Chris! the guy is only a student and its stuck up people like "Anonymous, Capital Markets" who think they know it all is what’s wrong with the investment banking sector.

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Question, Investment Banking / M & A,  Mon 08 Oct 07

Question here. How many should you list?
I'm an analyst and haven't closed on too many deals yet as many deals are on-going, and thus don't have too many to talk about. If i put down 3 for example, isn't that too little for 2 years thereby making things look worse??

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Joseph schumpeter, Quantitative Analytics,  Thu 10 Apr 08

Dear Anonymous - Capital Markets,

You are an idiot. I hope the Ninja Loans make your idiocy apparent to your boss and they kick your simpleton arse out the door.

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