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How easy is to move from audit Big 4 and then into IB?
I am starting a role in audit at one of the Big 4 (London office) in September, in the audit team where I'll hopefully gain the ACA after 3 years. My ultimate/eventual aim is to move into the M&A arm of an Investment bank. I've heard that an internal move in a big 4 firm into CF/ M&A first is the...
Accounting Club Board Position vs Finance Club
Hello all! I am currently in a small dilemma and would appreciate some outside help. I am a junior in an non-target school. I just changed my major from accounting to finance after having a great experience at my internship working with Client Relationship Managers at an I-Bank. I hold a position at...
PWC: Partner Track: How much can I make in my early 30's?
Looking through Glassdoor, I noticed that PwC employees start off with a pretty bad package (50-65k) considering the hours they put in. But once they make manager and director they're pulling in consistently over 150k and upwards of 250k by the time they're director. Why does the pay increase so...
PWC--Senior Associate (FSR): Approximate compensation after 4-5 years of experience
What is the approximate compensation package for senior FSR associates at PwC ? Is 110-130k too much to ask for?
Moving from Accounting to Investment Banking
Hi everyone, I am currently working as a trainee accountant in London at a mid-tier firm, have a high 2.1 degree (non-financial) from a top 40 UK university (not a Red Brick) and less than 300 UCAS points. As you can see, my academic results are nothing special. However, I am very much interested,...
Accounting & Finance graduate looking for career suggestions
Hello! I'm having a hard time deciding which path to take going forward. A little background info on me: - 23 years old - Have a Bsc (Hons) in Accounting & Finance from a mid table university in the UK - Moved to Canada after graduation (duel citizen) and have worked as an accountant for a small...
LIFO (w/LIFO Reserve) vs. FIFO
This question may be blatantly obvious and simple to some people. However, I'm curious to know what the difference between LIFO (w/ LIFO reserve essentially standardizing it to FIFO) and FIFO would be? Given the use of LIFO reserves, why would firms still choose to use LIFO? It seems to me like they...
Best Route between undergrad and MBA
Hey Guys, Wanted to get your opinion on something. First, you have to understand my current position. Recently graduated from a non target state school. I earned a BS in Finance, with a 3.42. The GPA, isn't great, I get it. My situation is unique because I worked full-time the whole way through...
Need help with qualification choices!
Hey guys, I graduated from university with a high 2.1 degree in BSc Biological Sciences in May and have been working as a trainee accountant in London (not big 4) for the last few months. I find working in accountancy ok, but it is not what I really want to be doing; ideally, I'd like to be working...
Few Questions to Start With
Hello everyone, I am currently a 3rd year accounting and finance student and I want to break into a finance job. What I am looking for is a job which does not have an insane amount of time commitment like say 80 hours+. Which finance position should I aim for if I want something which is around 60...
Ernst & Young Round 2 Interview
I have made it to the 2nd round of the EY Interview. What can I expect from this interview session, it is an office visit.
Staff Accounting at boutique firm
I'm having a final round of interviews with a company's consultant tomorrow (Saturday) and I know no one here knows anything for certain but I have a few questions and I'd like to hear some tips on interviewing with a consultant. 1. I find it strange she wants to interview on a Saturday (phone) so...
Demystifying the CPA Exam and Designation
There’s been a couple of threads that have popped up lately about the CPA exam and whether it would be worth it for the authors try and pass it in lieu of other things, or in their spare time. Some of the comments by other posters lead me to believe there’s a lot of misinformation or...
Consolidated/Unconsolidated/NCI Question
Partners' Share of Consolidated Debt $9.9 ABC Share of Unconsolidated Debt $452.1 In a file I'm looking at, they're doing $452.1 - $9.9 = $442.2 The file says that the $442.2 is "Net JV Debt". I don't understand why we are subtracting what we aren't entitled to (9.9) from a number that only includes...
Hearing Back from Big4 After Career Fair?
I'm new to this, so I'd be grateful for some perspective. I went to a national career fair to land an internship/full-time position in Audit. I talked to reps from each of the Big 4 Accounting Firms. Big4 #1 wasn't interested. Big4 #2 seemed not to be, but I networked my way to a social event in my...
Should I get an MSF?
Delete thid
are tech associates underpaid?
I was sifting through the web and found the average computer science graduate salary to be a lot lower than an ACA or an investment analyst. I'm entering uni in September. Doing computer science from a VERY elite university, or getting a BBA from an average university - which would be a more...
Seeking thoughts of fomer auditors in IBD
Hi all, Would like to hear the thoughts of any former auditors who ended up doing IBD . I am a current auditor seeking IBD roles. Given that I have only decent grades in school and average career experience, its most likely I would be at a boutique or at best a middle market firm. Searching on...
Can you make great money in coporate finance without working in a top area?
Like if I wanted to work in Ohio and not New York or Los Angeles
Hello other Accountants and Wealth Managers
Hello, I always go by the online name of Accrual, but otherwise my name is Alex. To give a somewhat brief description below I will tell about who I am and where I am planning to go, essentially my ten year plan. Accrual has grown up living in a family involved in financial advising. Last summer we...
MSF vs. MAC Questions
Hello everyone, I am a new user here and I have some important questions, but first my introduction and background. I am a recent graduate from UNC-Chapel Hill where I majored in Peace, War, and Defense with a minor in history. Originally my plan was to find work in intelligence/government. However,...
Medicine + Business = what???
Greetings I am a freshman at UF on the pre med track. All my life I have had the desire to be a doctor, but after being at the University of Florida for nearly two terms, I have been exposed to many careers outside of medicine, but have found that they are still remotely related to a career in...
What team should I apply for?
I am a Sophomore with no prior finance experience but I have managed to obtain an Interview at a boutique bank next week. I have to state which team I am interested in joining, but I have no idea which one to say. The options are Client Accounting, Marketing(client relations) Data Management and...
Credit Analysis to Financial Analysis (CMA in Canada)
Hi All, This is long, but any sort of feedback would be greatly appreciated. Overview: What are the chances of going from a CFA /Credit Analyst type role to a Corp. Finance type role? I'm located in Canada so no CPA here. But is it worth considering enrolling in the CMA program? My profile: I'm...
I have a few questions about Financial Analysts
I was wondering if Financial Analysts were allowed to invest like everyone else or are there rules they must follow? What kinds of Math do Financial Analysts need? What would you say is the absolute most important math to take in college? Is it benifitial to get a dual major in Accounting and...
What daily information is required knowledge in a financial career (analyst, broker, etc.)
Hey monkeys, I'm new to posting, but have lurked for a few months now. I was wanting to know what to keep track of every day (for interviews, or just on-the-job knowledge), so here's what I have: - Pt/% increase/decrease and totals of S&P 500/DJIA/NASDAQ - Pt/% increase/decrease and price of Gold...
Finance - Tax division for Sophomore Internship vs investment banking internship at a small regional bank?
I am currently a sophomore and I was offered a position in the Finance- Tax department at a major bank. First of all, would you consider this back office or middle office? Secondly, do you think that this is a good precursor to an IBD internship in my junior year? Would it be better to do an...
Finding a serious finance opportunity in Charlotte
Hi All. This is my first post on WSO . I'm living in Charlotte right now, and trying to get on a serious/ambitious path in finance. I plan on working in CLT for the next couple years then moving back to NYC where I have some low-mid level contacts at some of the banks (GS, MS, JPM), 1 or 2 in IB ,...
Major Question/Advice needed
Hi all, I am sort of stuck. I go to a state school non target that so happens to have a top 25 accounting program. The finance program is just a concentration under business management. My goal is to get into a BB or Hedge Fund. Would I be better off going for the accounting degree and then if I...
Aswath Damodaran version of fixed income
Hi, I am looking for fixed income study materials similar to Aswath Damodaran's corporate finance or Valuation. I would really appreciate your feedback. Ultimately I just want to try fixed income research/ trading . Thanks
For accounting whizzes
Why do adjustments for changes in working capital items on the cash flow statement always differ slightly from the actual changes you calculate when comparing 2 balance sheets? I've always used the figures calculated from balance sheets for when calculating FCF , but never really understood why that...
AU vs UMD
Hi, I'm currently a sophomore at American University and I'm majoring in Finance. The thing is I applied to the University of Maryland's business school and I got in. I was really interested in one of their Fellow programs, which is the reason I applied, since AU does not offer any interesting...
Georgetown vs. NYU vs. Cornell vs. University of Michigan vs. UC Berkeley for Undergrad Finance?
Basically, I have to pick between these schools for undergrad. I'd like to major in finance. From a purely objective standpoint (i.e. not accounting for my personal preference), which one of these schools would give me the best head start for my career? Prestige means very little to me. I just want...
What jobs can you get with a finance degree?
I've looked up the job potential of my finance degree both on WSO and on google, but all the sites I have visited seem to imply the best I can do is either: 1) be a financial analyst 2) become a banker 3) become a consultant Is this really all there is? Just banking and consulting? Are there any job...
Please Tear apart my Cover Letter, How can I improve it?
I have a cover letter that I think needs work...do you have any suggestions for improvements?
Former accounting student making the switch!
Hi everyone, I just signed up as recently I've been leaning away from a career in accounting. I'm a second year undergraduate student that was always interested in getting my CPA /CA, but now I don't feel that way anymore. My goal right now is to secure the best possible position for this coming...
PwC Seasonal Tax to get into Strategy Consulting?
Hi everyone, This is my first post so hopefully I don't get roasted too bad. I'm a current senior at a non-target university looking to enter the management or strategy consulting fields post-graduation. I'm looking for either an internship for the summer (and try to then get the full-time offer at...
Can someone offer me some recommendations regarding some Business Courses from UK ?
Hello Oasists ! My name is Adrian and I am a senior in High School (EastEurope) . I would like to apply to an university from the UK ( I have very little time to decide ) and I am interested in studying Accounting and Finance or Business . I searched on the internet and the best universities (...
Transitioning into Transaction Advisory
Hi all, First time post here so I'm going to keep it concise, detailed and insightful where possible: Background: Graduated from an elite Australian University with decent (credits) marks. Completed two degrees - Commerce (Accounting Major) and Information Technology (Business Information Systems)...
Should I take an Internship within Finance (Middle/Back Office) as opposed to waiting and applying for an IBD Internship
Pretty much, I am a sophomore, should I take an internship with a prestigious company for a Finance/Accounting position, or should I wait and possibly try for positions in IBD . I am more interested in IBD and the offers that it can present me, but I would be taking a risk as I have not heard back...
Goldman Sachs Finance (Controllers) Interview Advice
Hey, I will be having an on-campus interview with GS for an internship in the Finance (Controllers) Division for this upcoming summer. I was wondering what I should expect from this first interview, with regards to questions: technical or behavioral? Also, could you share what specific types of...
Need advice: MSF schools pick and career transition
Hi guys. I am new to this site. I want some advice on my school applications for MSF program and career transition from accounting to finance. Background: - GPA 3.5, Major in Accounting, graduated from one of the Big 10 schools - GMAT 690 - 1 Fortune 500 Internship - 3 years working experience in...
Well...
Longtime lurker. BS in Econ Masters in IR I speak 2 dialects of Persian and can read Spanish, albeit quite poorly 3 Years and counting in the Defense industry working in Budgeting and Financial Services B-school is likely next. 720 diagnostic, so we will see how I can get that before taking the real...
Financial Statement Opinion
I was wondering if you could help me out with a financial statement question for a possible job interview? My question is if you were a bank and a company was trying to borrow money from you to purchase commercial real estate and you could only use one financial statement (income statement, balance,...
How to move from corporate finance to audit
Hi everyone. I am currently going through ACA training in the UK with a corporate finance company. I am not involved in corporate finance though, just in the finance department, which is kind of like management accounting only with a bit of taxation :P Anyway, I was wondering if anybody had any idea...
Currently in Business school...
I am currently in business school majoring in Finance, I am highly considering double majoring. Question is, which other major should I pick. As of now I am contemplating Finance and Economics or Finance and Accounting. I do not have a particular job in mind as of yet, but I am very interested in...
Using B School to break into Finance for military applicant
I'm a MBA applicant coming from a military background with no finance experience. Is there any significant difference as far as the top 5 B schools go for helping me break into IB or another finance career?
BIg 4 worth it?
Hello everyone, been reading a lot about the Big 4 on this site and i am quite unsure how to proceed in my career. I am an accounting and finance major at a school in Atlanta where the big 4 recruits heavily. (Currently a junior) My plan is to start off in accounting and then move to a finance job...
REALITY CHECK! Realistic Possiblities
Hey everyone, I am fairly new to this site and I am still reading over a few discussions on the forum that are relevant to me. Since this site seems to be filled with professionals and experts as well as those that have gone through hell and back I thought that this would be great for me. I would...
Finance Student (Senior Undergrad) - Minnesota
Hello everyone, Hope all you awesome folks are finding success, riches, and all the good things in life. I'm finishing up my last semester at a good Business school here in the twin cities, and wanted to introduce myself to this forum. As always, i would appreciate any advice that you wished someone...
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