Offer Help - 4 outstanding offers

Ok so I have 4 outstanding offers that all have a deadline on either December 1st or 2nd with PwC Valuation Advisory, a Mutual Fund entry level, Deloitte S&O, and EY FSO. While I have an idea which one of these I will take I just got an invite to BoA superday for Public Finance on December 2nd. Should I ask these companies for an extension so I can do the BoA or should I ask BoA if I could come up sooner ? Any opinion and also any opinion on what position to take if I get BoA on top of the other 4 ? FYI PwC, MF, and Deloitte are in Boston and BoA and EY are in NYC

 
Best Response

I don't know much about the mutual fund position, so I won't comment on that. But as far as the Big 4 offers are concerned, it generally goes

Deloitte S&O > PwC Valuation > E&Y FSO

I say that because Deloitte S&O is a very very competitive program to get into and while it's not MBB, it's still highly regarded as a top consulting practice. From my understanding, it's basically a tier below MBB, alongside Monitor, LEK, etc. S&O is strategy consulting, which is much much better than other advisory practices that does mostly implementation work (this doesn't apply to PwC Valuations, but other parts of Big 4's advisory practices). I believe it's a strong feeder into top MBA schools as well. If you're not 100% set on finance, you'll get great experiences with S&O.

That being said, PwC Valuation will probably teach you more relevant skills if you're set on finance. You're not necessarily doing valuations in the framework of buyseld/sellside advisory, but at least you're learning valuations and financial modeling. I know of a girl that went from Valuations --> BAML IBD and well as other offers. Granted she was a prime candidate for IB undergrad but chose valuations instead, and obviously changed her mind again. I've also seen some linkedin profiles of people in MM banking that came from valuations.

EY FSO, this is for audit right? Audit can be a good foundation for banking (I just lateraled into IBD from audit), but it's a tough road to go down to try to break in. The problem isn't so much that audit is looked down upon as that the hiring environment is terrible, and there are just too many people with direct experience that are also competing for the same spots. Unless you have a great story and absolutely kill the interviewers, it's much harder breaking in from audit than valuations.

 
jwalsh16:
thank you for that and I am pretty set on finance and came from a non-target but have the 3.95 gpa and 750 gmat so I think I have the credentials just didnt have the connections to get the IBD work right away and im working for a PE next semester to get some more experience so to answer your question im set on finance

Out of curiosity, are these FT offers or internship offers?

Anyway in my opinion, even though you're set on finance, I would still highly considered S&O. In the long run, it's a much better feeder for MBA & PE. Top MBA love consultants, more so than top finance guys (especially with the recent trends). From that perspective, you're way better off with S&O. Someone correct me if I'm wrong, but I believe PE loves consultants as well. I've actually seen quite a few PE postings that ask for IB or consulting experience. Occasionally I've seen Big 4 Transaction Services experience as well, but that's more the due diligence group and not the valuations group. Also the thing with Valuations is that while you're doing financial modeling, it's not in the framework of a buyside/sellside engagement.

That being said, dude if you have a 3.95 and a 750 GMAT, you'll be fine. If you're good, you're good and you'll end up doing what you want sooner or later.

Edit: Btw keep in mind I have no idea about your MF position. I can only speak about your Big 4 offers since that's the background I came from before switching to IB.

 
jwalsh16:
ok does the FO MF work have better exit ops then M&A Valuation work ? I just dont see much on here bout MFs so dont no

You don't see much about MF because the buyside is smaller, more exclusive and more experienced than all these other factories. Fundamental analysis/investing is a million times more interesting than advisory/valuation/consulting a.k.a. sales. An MBA is not an end in and of itself. With those stats, you should be ok for a top10 MBA at any of the job choices.

Do you follow the market? Do you like thinking about companies and investing in them? If you answered yes, take the MF job. If not, just go to the group where you liked the people the most...I doubt the work or "exit opps" will be substantially different and the brands are equal. Fwiw, I'm drawing on first hand experience here with these types of work experiences and the MBA.

 

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