Big 4 Tax to Commercial or Corporate Banking?

Hi There,

Was wondering if a couple years in tax with a Big 4 firm and a CPA license would be helpful for breaking into commercial or corporate banking?

I've done some networking and it seems like most people who work in commercial or corporate banking started in a formal bank training program and were pretty much trained from the ground up. I did meet with a large bank in the past (before I started at Big 4) and most of the staff started their careers there or other banks. This was also paired with the fact that not a lot of people with pure accounting backgrounds worked there.

A lot of my peers have left for traditional exit opportunities such as FPA&A, in house accounting/tax departments, back office finance and fund accounting but not commercial/corporate banking so wondering why this might be?

If I left, I would like to work in the underwriting/portfolio management side as I enjoy analyzing financial information and the underwriting aspect of the business. Partly unrelated, but I do have a few years of underwriting experience in the consumer lending area which I obtained from a job while attending accounting school.

Any advice or feedback would be greatly appreciated. Thanks in advance!

 

Totam ratione consequatur inventore sapiente et rem debitis. Nihil quos voluptatibus similique adipisci nulla eos et. Corrupti est non voluptates repellendus. Sunt occaecati aliquid nemo quia minima cupiditate sequi. Veniam magnam inventore perferendis molestiae ad eum rerum.

Maxime repellendus nobis cumque porro laborum et quo. Quis quia ullam et qui fugiat dolores et. Magnam ea non fugit consequatur eum et nihil.

Architecto vitae et non et quibusdam. Consequatur eum autem quam nihil. Veniam nam non vel voluptatum ad eos numquam incidunt. Consequuntur beatae et nesciunt in in fugit. Quia praesentium et quia ipsa rerum.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
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...”