Saturday, November 24, 2018

A 28-year-old M&A rising star at a $15 billion media company gives her 3 best pieces of career advice


Michelle Arbov, age 28, is a rising star at IAC, a $15 billion internet conglomerate founded by media mogul Barry Diller.

She joined the company three years ago as the associate director on the merger and acquisition team and has been promoted rapidly. Now, as the vice president of M&A at IAC, Arbov leads the company's efforts in corporate development and financing. She was recently named to Forbes' 30 under 30 list for finance.

IAC, whose holdings include widely-recognized brands such as Vimeo, Tinder, and Investopedia, is known for its aggressive acquisition strategy. Arbov has handled a slew of high-profile deals and has been instrumental in scaling IAC's pillar business in the digital home services marketplace.

A notable example is her work on IAC's $500 million purchase of home services website Angie's List in 2017. This led to Angie's List's merger with and IAC's own reviews site HomeAdvisor which created ANGI Homeservices. That company went public in October 2017.

During her three-year stint at IAC, Arbov also led other prominent deals, including the acquisition of home improvement sites HomeStars and MyHammer, as well as ANGI's recent purchase of household services company Handy.

Before her role at IAC, she worked at Goldman Sachs and hedge fund Och-Ziff Capital Management. She shared her career advice for young professionals with Business Insider.

Find a company that values ambition.

"Join a company that aligns with you and your ambitions. Culture is a huge factor in choosing the right place to work. An example of a great culture is one that values hard work and lets you take on as much as you can if you raise your hand — as long as you deliver."

Learn from challenges

"Challenges generally means you're growing and you're learning, and I think learning is a key thing to constantly strive and achieve in any job. Challenges are good in the sense that you'll learn from them. And it probably won't be a challenge in your next iteration."

When facing a challenge, "it's always important to take a step back and think about what the goal is, what you are trying to achieve, and what the task at hand is."

"You can have five different deals that you're trying to push forward, and it's always a challenge in terms of what should take priority. Ask questions to whoever the right people are and figure out what the priority should be. Try not to get overwhelmed ... think through it and take it day by day."

Have confidence

"Having confidence is believing in yourself. Keep your eye on the prize and continue to ask for more and do more. It's important, especially as a female."



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