Deloitte: Banking & Securities vs Cap Mkts vs Fin Serv?

I see Deloitte promotes the following business lines: banking and securities, operational capital markets and financial services. Does anyone have any insight as to the different projecs each line is involved in?

It seems these lines overlap each other. I'm sure there are differences within their projects.

 
Best Response

A lot of it will depend on which service line you join (i.e. Audit, Tax, Corp.Fin etc.). Deloitte has recently changed to categorizing it's business by industry rather than by service line so everyone working in Capital Markets will simply be described as that, rather than as Audit, Tax, CF etc.

Within their Audit division, they merge banking, securities and capital markets into one group called Banking & Capital Markets (BCM) which has a sub-division called Financial Instruments, Treasury & Securitization (FITS) which does a mixture of audit and advisory work.

PM me if you'd like some more info.

Asatar:
A lot of it will depend on which service line you join (i.e. Audit, Tax, Corp.Fin etc.). Deloitte has recently changed to categorizing it's business by industry rather than by service line so everyone working in Capital Markets will simply be described as that, rather than as Audit, Tax, CF etc.

Within their Audit division, they merge banking, securities and capital markets into one group called Banking & Capital Markets (BCM) which has a sub-division called Financial Instruments, Treasury & Securitization (FITS) which does a mixture of audit and advisory work.

PM me if you'd like some more info.

The position would be within the Strategy & Operations - Banking and Securities....Does that help?

www.twitter.com/ConsultFinServ
 

Qui delectus beatae et. Voluptatem eum voluptas id molestias deleniti perspiciatis et. Ipsam nobis tenetur quidem eum eos.

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (189) $84
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”