Wall Street Oasis logo

  • Recent
    • All Recent Content
    • My Recent Posts
    • My Bookmarks
    • WSO Chat Room
    • Top WSO Bloggers
    • Hot Topics - Week
    • Hot Topics - Month
    • Hot Topics - Year
    • Hot Topics - All Time
  • Forums
    • Post Forum Topic
    • Highest Ranked Posts
    • Most Commented
    • WSO Chat Room
    • Job Search Advice
    • Investment Banking
    • Private Equity
    • Venture Capital
    • Trading
    • Consulting
    • Hedge Funds
    • Corporate Finance
    • Equity Research
    • Asset Management
    • WSO Success Stories
    • Other Careers
    • Business School
    • Resume Forum
    • Wall St. Fashion
    • Wall St. Mentors
    • Monkey Around
    • Monkey Marketplace
    • Site Suggestions
  • Groups
    • Browse Groups
    • Create Group
    • My Groups
  • FAQs
    • FAQs
    • WSO Company Database
    • WSO Finance Dictionary
    • About WSO
    • Press
    • Contact Us
    • RSS Sitemap
    • Advertise on WSO
  • Events
  • Login
  • Sign Up!
  • Company
    Research
  • Modeling
  • Mentors
  • Video
    Library
  • Interview
    Guides
  • Job Board
  • Resume
    Review
  • Discounts

Want the Secrets to Succeed on Wall Street?

Click below to get access to our Free Wall St. Compensation Report and more.

About WSO
Wall Street Oasis » Forums » I-Banking Bullpen

Which internship? Ernst & Young, KPMG, Goldman Sachs, or PwC Forum's RSS Feed Share

vvarehouseNYC's picture
vvarehouseNYC
    
 
(Chimp, 5
 
Points)
 on 2/22/12 at 2:12pm

Hey guys,

This is my first post on WSO, so apologies if it is in the wrong section of the forum...

I've read the site up and down and kinda get the gist of the sites opinion of Internal Audit.

That being said...

I'm coming out of a non-target school in the south, but still have a desire to "break in" to investment banking in NYC. I have a 3.8 GPA and I'm majoring in finance. Good work experience in the legal field, but sadly none in the area of finance/IB.

I just was offered consulting/IA internships in NYC at E&Y, KPMG, PwC, and Goldman Sachs.

I'm looking to go to NYU for my MBA after a couple years work and I was wondering which of these 4 internships would put me in the best position to do so. I will most likely be working in the TAS / valuation / M&A branches of these companies in order to best relate them to my ultimate goal.

Anyways, ANY advice would be appreciated, both related directly to this or just in general.

Thanks in advance and sorry for the lengthiness.

  •  
  •  
Tags:
  • Internal Audit to IB
  • I-Banking Bullpen
cruel3a's picture

Well if you "will most likely

cruel3a
    
 
(Monkey, 49
 
Points)
  on 2/22/12 at 2:19pm

Well if you "will most likely be working in the M&A" at GS this post must be a joke.
If you have to choose between TAS/Valuation/M&A at Big4 and Internal Audit at Goldman Sachs and your target is to do M&A you should probably pick one of those Big4 (I don't know which is stronger in USA)... even if you will probably earn more at GS and this may help to finance your MBA.
I don't really know which choise would help you the most to get into Stern.

  •  
  • 0
  •  
Kenny Powers's picture

wait...you're a finance major

Kenny Powers
     O
 
(Orangutan, 369
 
Points)
  on 2/22/12 at 3:28pm

wait...you're a finance major and you 'might' be doing TAS? how could you do that without experience in technology?

You're fucking out.

  •  
  • 0
  •  
vvarehouseNYC's picture

i will be doing internal

vvarehouseNYC
    
 
(Chimp, 5
 
Points)
  on 2/22/12 at 3:59pm

i will be doing internal audit (generally speaking); and will be in their financial services office in Manhattan (for all)..
KPMG, E&Y, and PwC will specifically place me after I accept the internship
Goldman, which I know has most IA in Jersey City, stated specifically that I will be at the 200 West St. location..

sorry for the vagueness

  •  
  • 0
  •  
Kenny_Powers_CFA's picture

Well my name-sake is actually

Kenny_Powers_CFA
     HF
 
 
(Neanderthal, 2,018
 
Points)
  on 2/22/12 at 4:17pm

Well my name-sake is actually off the mark here as the "T" in TAS stands for "Transaction," not "Technology."

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

  •  
  • 0
  •  
vvarehouseNYC's picture

yeah, thanks real KP... that

vvarehouseNYC
    
 
(Chimp, 5
 
Points)
  on 2/22/12 at 4:24pm

yeah, thanks real KP... that comment threw me for a loop

you seem to be the WSO expert on IA

any advice, general or specific to my post?

  •  
  • 0
  •  
Kenny Powers's picture

woops...was thinking TAP when

Kenny Powers
     O
 
(Orangutan, 369
 
Points)
  on 2/22/12 at 4:32pm

woops...was thinking TAP when i saw TAS. my b

You're fucking out.

  •  
  • 0
  •  
Hugo Stiglitz's picture

To the best of my knowledge,

Hugo Stiglitz
     CO
 
(Monkey, 62
 
Points)
  on 2/22/12 at 6:33pm

To the best of my knowledge, I did not know that EY accepted TAS interns? Many of the full time hires that I know of there are doing a rotation, called TAS +, in which they rotate between audit and TAS work, because they prefer people with Audit experience. But thats all I know of in regards to EY.

m rather familiar with PwC's TS group. They have 3 different groups,: CMAAS (Capital Markets Accounting Advisory Services), Valuations, and Financial Due Diligence. Im not too familiar with the FDD group, but I know Valuations would be your best bet to break into IB since eyou will get some modeling-experience, although maybe no directly relatable to IB work. the CMAAS group works more as of a accounting advisory, you can work on anything from carve-outs, and consolidations to IPOs, etc. There is a lot of writing and research involved. However, I know of a lot of people who interned in CMAAS that got into IB full-time.

I dont know much about KPMG's TAS practice, but Im sure it follows a similar breakdown.

  •  
  • 0
  •  
vvarehouseNYC's picture

thank you everyone for all of

vvarehouseNYC
    
 
(Chimp, 5
 
Points)
  on 2/22/12 at 7:24pm

thank you everyone for all of the help.. WAY better than I expected

someone has reached out to me and has given me very honest and helpful insight of what it is like to intern in IA at GS
....

Is there anyone who interned in IA for any of the Big 4 in NYC?

Thanks

  •  
  • 0
  •  

Related WSO Content

  • Ernst & Young audit vs. Deloitte audit
  • Internship in Assurance/Audit at PwC or Ernst and Young?
  • Ernst & Young FSO
  • Ernst & Young FSO - Business Analyst Program
  • Ernst & Young Pointing Fingers
  • Ernst & Young Financial Management Associate - Job Descriptions
  • HS Senior Received internship offers from McKinsey, Goldman Sachs, BOA and Navigant
  • KPMG EVS vs. KPMG Transactions & Restructuring?
  • Anyone with miitary experience looking for a summer internship?
  • Goldman's Intern & Interview Toolkit

Forum Topics

  • New
  • Active
  • Rank
  • Comments
  • Happy to answer any questions about anything related to banking for SA's and FT's that start this...
    1st Yr Banking Analyst Open for Questions
  • Many people on this board are familiar with the troubles that Chinese reverse merger companies have been having lately. Starting with Sino- Forest, a number of Chinese companies have come under scrutiny for fraudulent accounting practices. In turn, these revelations have inspired a series of Class...
    Chinese reverse merger companies
  • At the P.E. firm I work at, my supervising MD and analysts are only at the office for roughly 10 - 11 hours a day. It depends on the day. I am there that entire time. At the end of the day I am consistently getting some due diligence, rough draft modeling and papers to write up for the next day...
    How much face time do you put in for your firm relative to how long you work?
  • I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest...
    16 year old Hedge Fund Manager
  • I've been bombarded lately by people asking me if I feel fulfilled with my job in finance, or how it helps the general public... trying to compare what I "give back" to what a doctor provides to society. When my answer is "well, nothing really," they want to ask how I can...
    Do You Care About Your "Value Add" to Society?
  • Chicago Booth vs Michigan Ross? Is it even...
    Chicago vs Michigan
  • I am a first year analyst at a boutique in SF and attending my first industry conference next week with the MD. The MD is a panelist and will be busy before the event, during the "networking session'....So, I do not know any attendees and being my first event I am a little nervous - any...
    Industry Event.....
  • Hey Guys, I am going to be attending college this fall and I want to pursue a career in high finance. I have several questions and conerns and was hoping you guys could help me out and give me you input. 1. What is the future of finance, specifically S&T, going to be like with regulation such...
    Whats your take on Volcker
  • [quote=Project-Syndicate] At this time of year, at graduation ceremonies in America and elsewhere, those about to leave university often hear some final words of advice before receiving their diplomas. To those interested in pursuing careers in finance – or related careers in insurance,...
    ''My Speech to the Finance Graduates'' - Shiller
  • Someone asked me this earlier and it got me thinking. These days education seems so hard wired to graduate positions that it feels odd to even discuss education for education's sake. <strong>If degrees had no bearing on jobs and you had to get a degree, what would it...
    Dream Degree
  • I am a just recently graduated student and plan on getting in and out into the job market as fast as possible. I have been thinking and I was wondering if I should focus on a dual major of Finance & Economics and flying through school a few years or should I choose a dual degree...
    Dual Major vs. Dual Degree?
  • I'm 27 and have been working in a programming sense for the past 5 years. However, I have exactly no finance experience. My experience is with extremely massive data sets. Now normally it wouldn't be extremely difficult for someone with my background to work on Wall Street - working...
    Am I too old for not having relevant experience?
  • hey monkeys, What are the mainly used ratios (valuation and financial) for Gaming Lodging and Leisure companies? THanks for your...
    Gaming Lodging Leisure Industry Ratios
  • Hey monkeys, From talking with people in the finance industry (especially IB, my interest) about recruiting, a specific motivation seems really important (ex: why banking? why GS S+T) to landing either an SA or FT spot. The problem is the same people who tell me most people are sick of the...
    Why Your Industry?
more

Highest Ranked Content

  • Week
  • Month
  • Year
  • All Time
Plus make sure to see my post <a href="http://www.wallstreetoasis.com/blog/how-i-got-a-770-on-the-gmat-with-minimal-effort-while-working-banking-hours%E2%80%A6">How I got a 770 on the GMAT with minimal effort while working banking...
phantombanker's GMAT Study Guide
A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free...
How finance saved and gave me a life
Hey guys, it’s been some time since I posted regularly on this site. That’s what happens when you start working in finance; you don’t have any time. So why am I posting? It’s because I am seeing an injustice being done to a lot of military guys (and gals) who are discovering they want to...
To all Military who want to work in IB/PE/Consulting
<em>Mod (Andy) note: </em><a href="http://www.wallstreetoasis.com/blog/phantombankers-gmat-study-guide">Here is the link to his study guide</a> Background: I recently took the GMAT and scored a 770 on my first and only try. Long story short, I studied and took...
How I got a 770 on the GMAT with minimal effort while working banking hours…
There was much wailing and gnashing of teeth at the close on Friday over the perceived lack of performance in the Facebook IPO. The stock priced at $38, opened at $42.50 (after a few hiccups at the NASDORK), and closed at exactly $38 after an effort by the syndicate members akin to the Spartans at...
IPO Pricing 101
Hey Guys, Been using this site for a while now and figured it would be beneficial for me to give back a bit. For starters, I thought I would detail my experiences using linkedin and cold emails to land a summer offer. Coming from a semi-target undergrad b-school, I had my hands full....
How I used LinkedIn to get Interviews and Land Offers
<a href="http://www.wallstreetoasis.com/blog/what-does-the-labor-participation-rate-say-about-our-society">Back on the topic of what the composition of the labor force says about our society</a>, the New York Times recently put out this <a...
Grandpa And Grandma Are Taking Our Jobs
The Clear Admit Shop currently has <em>free b-school "snapshot" guides</em> <a href="http://clearadmit.shop.studylink.com/index.cfm?onsale=1">available for download here.</a> The guides aren't terribly comprehensive, but can serve as a...
Free B-School Guides!
There she is again: Diane Sawyer, the primary ABC evening news anchor, with another installment in their interminable series of reports on imports and employment in America. I could just strangle her. One week their (alleged) reporters go to people’s houses and look at everything the occupants...
Sawyer’s Syndrome: The ABCs of Trade and Employment
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO Campus Representative Program
more

Recent Jobs

  • Private Equity Summer Intern
  • Junior Distressed Analyst
  • Senior Business Analyst
  • Derivatives Regulations Analyst
  • Portfolio Loan Account Analyst (Entry Level)
more

Poll

What's your favorite Finance-related movie?
American Psycho
19%
A Good Year
1%
Barbarians at the Gate
2%
Boiler Room
5%
Enron: The Smartest Guys in the Room 
3%
Glengarry Glen Ross
1%
Harold and Kumar
6%
Inside Job
3%
Margin Call
16%
Other People's Money
0%
Pursuit of Happyness 
7%
Rogue Trader
1%
The Family Man
2%
The Game 
2%
Stocks and Blondes
1%
Trading Places
6%
Wall Street
24%
Wall Street 2
3%
Total votes: 462
  • 42 comments
  • Older polls

Silver Banana Rankings

  • Silver Banana Leaders
  • Soiled Monkeys
UserSilver Bananas
TNA848
Edmundo Braverman760
CompBanker747
happypantsmcgee654
IlliniProgrammer552
UFOinsider469
Nouveau Richie377
Midas Mulligan Magoo369
TheKing342
cphbravo96339
more

Top WSO Members

  • Total Bananas
  • Active Monkeys
UserBanana Points
TNA11678
Edmundo Braverman11075
WallStreetOasis.com10284
happypantsmcgee9352
UFOinsider8209
CompBanker7797
IlliniProgrammer7695
Midas Mulligan Magoo5250
monty095152
cphbravo964434
more

New groups

  • The Houston Contingent
  • Corporate Development (M&A)
  • Business Majors
  • Rounders
  • New York Yankees
  • Frustrated NYC Bankers
  • 2012 Houston FT
  • WSO Running Club
  • Venture Capitalist
  • Calgary Finance Industry
more

© 2006-2012 WallStreetOasis.com | All Rights ReservedAdvertise | About Us | Contact Us | FAQs | Site Map | Links

As Seen In

 
 
 
 
 
 
 

Sister Site

Syndicate content