Deloitte FS vs PwC FS?

Top 5 MBA student. Failed at McK and Bain interviews and now considering PwC, Deloitte or E&Y but mainly Deloitte FS and PwC FS. Wondering if it would be possible to reapply to MBB in a year and if so, which one of the two would give me a better shot?

Other details: I will be either in NYC or SF. I have friends who are going to MBB who can refer me and solid test scores, if those matter at all after failing the interviews this year or post graduation. I also plan to address my case interview weaknesses, obviously.

Also, what's the difference between Financial Services Advisory and Financial Services Regulatory at PwC? Which one's better?

Many thanks in advance.

 

FS Regulatory is a much smaller group within FS Advisory - I think maybe 200 in the group for the entire firm. Main focus will be regulatory assessments and impact as opposed to the ops, technology, audit, etc. you'd come across within the broader FS Advisory.

Have you already applied? Interviews lined up?

 

Have an interview lined up with Deloitte but haven't applied to PWC yet. My connection there (FS Advisory partner) wants to know which group I'm more interested in, and mentioned reg as a good place. Based on what you said, general FS Advisory is the better choice within pwc, right? Also any comments on Deloitte vs. pwc in terms of jump to MBB in 1-2 years?

 

I am not at the firm, so I honestly couldn't answer your questions. I interviewed for a FS reg position with them back in August, but they've been on a hiring freeze (still are) since then for that particular department. I think there are some PwCers on here, hopefully they can help fill in the gaps. Is your connection able to give you some color on those questions?

Pretty good discussion about moving to MBB from advisory: //www.wallstreetoasis.com/forums/big-4-advisory-to-consulting-possible

 

The way PwC Advisory is split up, there are 3 major groups: Risk & regulatory, Tech and Management Consulting. Tech is self explanatory, Risk is what moose mentioned, although Im not sure if the size of the gorup (200) he mentioned is accurate, I dont know either, so he could be right.

I would say to apply to just PwC Advisory and now PwC Advisory Reg, since you'll most likely be places in the MC group. Unless you have a strong desire to do risk and regulatory work.

PM me if you have any questions

Hugo
 

The 200 number was specifically referring to the Financial Services Regulatory group. FS Advisory, and Advisory in general at PwC is much bigger.

Hugo are you at a Big 4?

 

Thanks for the replies and the link! Based on the link, it'd be very hard to go from big4 to MBB pre-MBA. Is that the general consensus for post-MBA as well? If MBB is my goal, should I just try to get a job at a smaller boutique?

 
Whiskey5:
Go for Deloitte. Prestige aside, it really is one of the best firms out there, especially if you want to make a career out of it.

agreed. deloitte is the better of the choices and for a career in consulting.

however, have you considered applying to booz, lek, atk, ow? ..or is recruiting for those pretty much over?

i personally would choose any of those over deloitte and pwc...imo, they provide way better exit opps than deloitte or pwc, in case you ever wanted to get out of consulting

 

As far as I know recruiting at Booz, etc. is over. Unfortunately I relied too much on our career services office that told me b4 would be a better route to MBB. They said 1-2 years at Booz/ATK/LEK will be just enough to make me harder to "train" at MBB and that it would be hard to justify the jump, which doesn't seem to be the case based on what I have read here.

 
Best Response

Moose - yeah im at the Big 4.

As for as your choice between the 2 of PwC or Deloitte. Currently, Deloitte for sure surpasses PwC, they're acquisition of Monitor makes it interesting to, im curious to see how it plays out in the long-run. If you're aiming to go MBB in the near, Deloitte might be a bit easier than PwC (both are going to be difficult regardless). If you're going to make a career out of it and stay long term, PwC is still growing after its non-compete ended so theres opportunity there.

But like Mashed Potatoes said, if you had a chance at any of those other firms, I'd chose those over Deloitte and PwC

Hugo
 

Dude/dudet, at the risk of sounding like a motivational speaker here - it aint over until you say it is. Dig around these forums, you'll see all sorts of stories of people who didnt fit the mold and/or fucked things up and still evenatually made it into MBB/IB/etc.

Was it just your case or the actual interview? Either way it sounds like you've got the credentials to get there, you just need to polish up a thing or two.

 

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