Jason Zhao

Finance @ Wharton

Philadelphia, Pennsylvania, United States

About

[email protected]

Experience

  • Incoming Investment Banking Analyst at Deutsche Bank
    Jun 2026 - Present · 2 mos

    • Joining the TMT team to focus on AI and semiconductor sector deals

  • Investment Banking Summer Analyst at HSBC
    Jun 2025 - Dec 2025 · 7 mos

    • Built a fully integrated 3-statement model and developed an LBO pitch deck for a data management company, incorporating detailed revenue drivers, expense build-ups, and scenario analysis as part of the final project • Performed precedent transaction analyses on 10 TMT sector financings, evaluating spreads, covenant packages, and security structures to benchmark terms for clients and assessing implications for future deal structuring Select Transaction Experience: • Equinix’s £1.5B Senior Notes Issuance o Projected capex waterfall and revenue for proposed $1B Saudi Arabian datacenter project • 3G Capital’s $9.4B Leveraged Buyout of Skechers o Modeled the LBO building detailed debt schedules, challenging sponsor assumptions on capex, EBITDA margins, and exit multiples, and running sensitivity analyses to price $500M+ of lender financing o Produced detailed current and pro-forma cap tables to illustrate leverage, ownership shifts, and capital structure impact under the proposed transaction and assessed potential dilution scenarios for stakeholders o Drafted the model discussion section of the credit memo, highlighting valuation outputs, leverage metrics, and coverage ratios for committee review to support underwriting decisions and investment recommendations

  • Economic Research Assistant at Yale University
    May 2024 - Dec 2025 · 1 yr 8 mos

    • Researched policy incentives for oil and gas exploration and pipeline development in the U.S and China, analyzing effects on consumer sentiment and international relations for a New York Times–published professor • Published findings in Foreign Affairs and the American Journal of Political Science

  • Business Analyst at Epicor
    Dec 2023 - Jul 2024 · 8 mos

    • Led student team developing AI tools based on Snowflake and Azure to recommend relevant products, increasing order size and attach rates by over 20% • Reviewed financial and operational data for over 100 client firms to identify potential cost saves with AI integration

  • Investment Analyst at Y Combinator China
    May 2023 - Jul 2023 · 3 mos

    • Served as industry research assistant to a Senior Partner, conducting detailed analyses on telecommunications, AI infrastructure, and emerging industrial robotics sectors, and sourced companies that later secured $18M in funding