AM vs funds audit???

Hello,

Can someone help me about making the right choice?
1) I have a proposition within a big 4 to audit investment funds
2)I have a proposition to work as a fund manager assistant for an old private bank (100 $bn of AUM)

Which one to choice if my goal is to make a good MBA and then relocate ? In other words which will best enhance my CV and perspective in finance?

Thank you

 

What are your career goals? If it is just to get into a solid MBA program then either would be a good choice (although I tend to lean towards the big 4 auditing investment funds). Either path you choose you are going to have to move up the ranks and show a patten of achievement. The fund manager assistant position sounds interesting though. Are you going to get solid experience and a chance for promotion at that place? Really depends on what you ultimately want to do with your MBA when you get it.

 

In the bank, my duties will be to manage the funds (cash management, subscription redemtion management,...) while being sponsorized for my cfa and explore new investment ideas based on quantitative model (no stock picking), i will so be involved into strategic decision on model change. On the other side the big4 job will involve cash reconciliation, shares matching to the cutsodian and analyse the accounts to see if they reflect reality (i know this is the definition of audit).

Some friends told me that audit will be repetitive and that top mba may prefer asset manager to big4 auditors.

My perspective is to get an mba from a top 10 and then work in private equity/hedge funds or investment banking.

Thank you

 
Best Response

I vote the AM position - this topic has been covered before, basically:

  • According to my professor, a lot of top MBA programs have a cap (and a very small one) for ex-auditors with 2-3 years of experience

  • You will carry an "accounting taint" after you get out of your Big 4 gig, and it may even affect your post-MBA opportunities.

  • If you decide to work for the Big 4 Audit position, then you can skip MBA and be hired out of your position by your PE/HF/IB clients, but be prepared to do middle/back office stuff for the rest of your career.

  • One advantage of the Big 4 position is that many CFOs come from that background. However, from the sound of it, you don't seem to want to do accounting.

Besides, personally, the Fund Manager Assistant position just sounds much more interesting to me.

 

Thank you sincerly for the answers. Very impressed by the rigor you put on it.

Just another point :

The AM role is in Brussels and i was wondering that even it would allow me to have a very unique story to tell for my mba (i think that coming from less represented countries and speak 4 different languages may be a plus), it may also be a drawbacks that the location is not NY or London.

What do you think?

 

It has a presence in Europe. The name is bank degroof . It is the most prestigious and old private bank of the country. Its asset under management is about 35-50 $bn.

The audit job is in Netherlands. The AM in Belgium.

I want to have experience in a finance fields that will open the doors to others area such like HF/PE/IB but above all that keep the doors open for a top MBA.

Thanks

 

Enim qui quaerat mollitia nemo quas tempore temporibus. Quis architecto et soluta sit autem quod quia incidunt. Sint dolorem et dolorem eos vel reiciendis placeat. Fugit est fuga dolores reprehenderit.

Eum dolorem velit cupiditate consequatur. Nam quia provident eos molestias vel. Quod modi nostrum illum rerum et corporis et culpa.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
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...”