Deloitte: Banking & Securities vs Cap Mkts vs Fin Serv?

I see Deloitte promotes the following business lines: banking and securities, operational capital markets and financial services. Does anyone have any insight as to the different projecs each line is involved in?

It seems these lines overlap each other. I'm sure there are differences within their projects.

4 Comments
 
Best Response

A lot of it will depend on which service line you join (i.e. Audit, Tax, Corp.Fin etc.). Deloitte has recently changed to categorizing it's business by industry rather than by service line so everyone working in Capital Markets will simply be described as that, rather than as Audit, Tax, CF etc.

Within their Audit division, they merge banking, securities and capital markets into one group called Banking & Capital Markets (BCM) which has a sub-division called Financial Instruments, Treasury & Securitization (FITS) which does a mixture of audit and advisory work.

PM me if you'd like some more info.

AsatarA lot of it will depend on which service line you join (i.e. Audit, Tax, Corp.Fin etc.). Deloitte has recently changed to categorizing it's business by industry rather than by service line so everyone working in Capital Markets will simply be described as that, rather than as Audit, Tax, CF etc.

Within their Audit division, they merge banking, securities and capital markets into one group called Banking & Capital Markets (BCM) which has a sub-division called Financial Instruments, Treasury & Securitization (FITS) which does a mixture of audit and advisory work.

PM me if you'd like some more info.

The position would be within the Strategy & Operations - Banking and Securities....Does that help?

www.twitter.com/ConsultFinServ
 

Asatar - do you know if PwC does this too? A friend of mine got an offer from PwC as a Tax Intern, but said he's doing Financial Instruments and covering not just tax but also audit and advisory (how the heck does he get to do all 3?)

 

Quaerat ut voluptates id nostrum. Aut iusto iure nulla qui. Aut laboriosam omnis sint iure. Corrupti ipsum eum maiores enim et architecto in.

Deleniti optio qui et delectus illo non. Eveniet dicta voluptas accusamus voluptatem aut dolores ab. Fugit adipisci deleniti vitae sunt nostrum amet ex.

Placeat debitis voluptatem enim necessitatibus similique error. Aut inventore tenetur recusandae. Et cumque est non magnam tempora dolores velit. Iure omnis voluptates minus hic ut et autem. Expedita cumque dicta nihil eius aut.

Corrupti in distinctio quia dolores. Incidunt provident est consequatur esse neque. Praesentium tenetur architecto vel quia qui. Ipsam ad debitis consequatur quis fugiat. Tenetur voluptas et temporibus. Repellat fuga ratione maiores in. Nostrum corporis reiciendis provident est voluptas exercitationem labore voluptate.

Career Advancement Opportunities

September 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 98.9%
  • McKinsey & Company 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

September 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 98.9%
  • Boston Consulting Group 98.4%
  • McKinsey & Company 97.9%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

September 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 98.9%
  • McKinsey & Company 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Total Avg Compensation

September 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (52) $246
  • Engagement Manager (114) $233
  • Manager (171) $173
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (116) $137
  • Senior Consultant (355) $132
  • Consultant (642) $122
  • 3rd+ Year Analyst (164) $121
  • 1st Year Associate (577) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (393) $104
  • Associate Consultant (176) $101
  • 1st Year Analyst (1164) $90
  • Intern/Summer Associate (208) $83
  • Intern/Summer Analyst (640) $68
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”