Hello everybody.
First off just fishing for some advice or guidance. Im British, have just finished a 4 year undergrad Degree in Business Finance (1st Class). Have also studied for my Investment management certificate and im 23 years old. Im not sure how you calculate GPA as we dont work on the same system.
I was initially thinking that it would be sensible to join a big 4 accountancy firm. Study for either the ACCA or ACA and specialise in Tax. After a 3 to 5 year stint, attend a top 5 B-School, and then move into PE or IB. I don
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I have had the EXACT same
I have had the EXACT same idea for a career path. Only i'm in Canada. But i would do the same thing, join a big 4 accounting firm, obtain my Chartered Accountant Designation (CPA equivelent) -- work for a bout 3-5 years then attend top 5 BSchool and go into IBanking. But lately i've been thinking why not work at a bank NOW as an analyst and gain my CFA instead of accounting. Its not like i have a passion for accounting. What do you think? Why did you choose the accounting route first rather then going into a finance job at a bank or industry first?
Cheers
Reasons
Yeah I had thought of the direct entry route. But I have a few reasons for my choices. 1) Competition 2) Later on in my career in depth tax knowledge would be advantageous 3) 75% of the FTSE 100 companies have ACA or ACCA qualified company directors (a nice
Damn
just missed out on my banana!!
.
i hope i get a job with long hours...
Go direct.
If your goal is IB or PE, you need to go to IB or PE as soon as is possible.
If you are worried about competition then have a plan b.
If you are concerned with developing tax skills for later use in PE/IB, then don't worry. You will be taught most of what you need through work/b-school and PE/IB firms higher accounting/legal firms to do the tax for their investments/deals.
Basically, if you know that you want to be in IB, apply and keep a good plan B.