Thoughts on internal audit at a BB?
What are people's thoughts on entering an internal audit role at a BB? Is it really an area where you don't learn much and can't transition into another division? Any advice would be extremely helpful.
Nov 16, 2017
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From 10 rejections to 1 dream investment banking internship
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Internal audit is where dreams go to die.
Thanks for the childish behavior and the encouragement.
Enjoy being a back office loser.
I wouldn't say so much that you won't be able to transfer, but rather that it's an extremely niche role (similar to compliance, treasury, among others) . The defined skillset that you get in Internal Audit is generally useful moving from company to company, but I imagine you will likely be recruited for similar roles.
The nature of the work based on my conversations with a few colleagues is that it's not materially different from the audit engagements you see at Big 4 or a normal company. As long as you enjoy the work, I think it's a worthwhile opportunity.
Thanks for the help. I'm just worried that I won't learn too much within the role because unfortunately, it's not exactly my ideal choice.
Think about it in terms of where you want to be in five years? If you're still in Internal Audit after five years will you be happy, or would you like to be doing something else? Ether way is fine, just don't take it thinking it's the easy road to something non-audit.
If you're looking at it as getting your foot in the door at a BB and then able to transition, that may be a mistake. I always say never take a position for something you don't want on the "promise" you can transition later. Not saying it can't happen, but BO at JPM/MS/GS doesn't get you that much closer to FO at JPM/MS/GS.
A good example is if your the accountant for the Yankees. It's impressive to tell people you work for the Yankees, and most people won't question it further. But don't be that person who thinks they can be the Yankees accountant for a year and then move to shortstop.
Thanks, that is extremely helpful!
Internal Audit at BB or nothing? (Originally Posted: 09/15/2016)
Baruch isn't anywhere close to becoming a target
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