Would a position in valuation or reorganization services at a place like E&Y or Deloitte & Touche provide better exit opps in terms getting into ib, pe, top b-school or im I better off in a back office position at an ib? Any input is appreciated.
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All those choices don't have great immediate exit ops into IB. In regards to back office, there was a recent post 'confirming' that it is hard to go from back office to front office. I'll let you read through those posts.
My advice would be to pick the job that you would enjoy the most. Find out where you fit best with the culture. Reach out, build your network and try to advance in your firm. After about 4 years of work experience, apply to business school and then apply for the IB route. Make the best out of your work experience and use that to leverage yourself into a top business school. But without the fit, it is difficult to excel. So choose a firm based on your fit, not the name/title. An IB analyst life isn't glamorous at all, and going through B-school recuriting is much more promising than a lateral hire from back office or an accounting firm.
great insight, thanks for the response.
Between EY and D&T, which one are you leaning towards? EY puts TAS in its own separate branch while D&T's isn't...btw, why not include PwC?
I was just mentioning the ones that recruit on campus. I believe D&T is ranked #1 for non investment banks in financial advisory. I'll do some research on PwC. Any more advice?
From where did you find out that D&T is #1??
EY = PwC > Deloitte > KPMG
is what a former PwC auditor told me for overall brand name. I don't know about practice groups.
Its for their reorganization practice, not their entire financial advisory practice. My mistake, I should had done more research on it. Does anyone know how competitive these jobs are?
http://www.deloitte.com/dtt/press_release/0,1014,sid%253D2283%2526cid%2…
Sorry for a topic resurrection but I'm in a similar position and want to eventually enter MM IB or MBB.
Anyways I have a audit offer from PWC and a ops offer from DB, which would look better in terms of resume building and potential grad school applications(mainly looking towards MSF, don't feel like I have the complete "profile" to attend M7). I honestly don't care for either position and although the pay for PWC is ~10k higher, its still quite dismal.
I know I can rock standardized testing seeing that I got a 1380 SAT with no prep at all. I know its not that impressive but had I studied, I'm fairly confident I would've scored higher. Obviously I'm no superstar but I feel that given some time to study, I should break the 700 barrier on the GMAT easily and now I need to know how to redeem myself in the eyes of adcom...need to break that stigma of coming from a no-name UG...
Take Big4 TS. BO is garbage and you will get hated on hard (not to mention the fact that you develop zero marketable skills for IB). I know for a fact that some TS people jump immediately to MM PE because they work with them regularly on the due diligence end. It also makes it easier to get into IB since you actual do a fair amount of modeling/valuation. Same is true for b-school.
Also PwC TS pay isn't dismal. I think base is 60k this year.
BO is repetitive and boring. Pick the position that will offer the most challenging and diverse work experience. I would go with EY- TAS personally.
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