Looking for some advice on the BAP service line vs. TAS (Valuation and Business Modeling subgroup) service line at EY, how do MBA programs view the two? Pay? and overall prestige?
Thanks for the help
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What is BAP?
V&BM is split between V and BM i.e. they act separately so you will be in one or the other.
In Vals you will get a solid finance skill set albeit doing somewhat boring work (PPA's, impairement reviews for the audit team).
BM is a bit broader but falls slightly more towards the consulting (almost IT type stuff) in my experience.
Cannot comment on b school but exits of the last four people I know in Vals (in Europe) was middle marking IB, strategy for a FTSE100, PE fund and pension fund.
More q's on Vals just fire...preferably in the thread and not by PM.
Do you know what kind of roles these people received upon exiting Vals? Ex, after two years of Vals do they get into the BO of PE funds or do they get hired as a regular associate?
Also, any idea in terms of comp ranges for first-year hires in the NYC office for vals?
thanks for your help
For BVal, I honestly don't think turnover is very high. They pay you pretty well and you don't have to work the IB/PE hours. BVal places well for other valuation roles, fund management in PE (MO), and IB (but you would still most likely start as a 1st year analyst).
I am not sure about BAP exits, but I would assume they are comparable to TAS. Comp for both positions should start at around 62-65.
I would say the two are very comparable. Having said that, BAP is more high level management consulting, whereas BVal within TAS is strictly finance and financial modeling. You should consider what your long-term goals are, as BAP experience can be leveraged into a number of other fields, whereas BVal can be leveraged specifically for IB/other valuation positions. The pay and prestige for the two are almost exactly the same.
Gotcha, since BAP is in the financial services office, are most of those exits in financial services? Pension funds, asset managers, etc? What kind of roles do people from BAP get in these exits?
Exits have been proper front office in the four I mentioned....again that is Europe.
People will shit on it because its Big 4 but it is a solid role where you will learn a shitload and do some interesting stuff.....you just need to be ok that the majority of work you do will ultimately be for accounting purposes even though you are essentially doing the same tasks as somebody in IB etc. would be doing i.e. researching companies, modelling, using DCF/Multiples to provide a valuation, writing reports.
In my experience people from Vals are generally as capable as people from IB (from a finance perspective) but the experience can sound shitty in interviews unless you spin it right.
Awesome, thanks for the info guys. Does anyone have any idea how BAP vs. Valuation &BM exits into Corporate Development? Valuation has a lot of corporate clients so that may be a natural exit
How can i prepare for a BAP interview?
any other tips on interview prep or the lifestyles of BAP and TAS?
whoa, whoa, whoa. BAP is NOT management consulting, it is compliance consulting. BIG difference. BM&V >>> BAP.
Disclaimer: have not worked at EY.
BAP is basically IT. I left BAP after less than a year for a finance job, as did another guy in my regional office. I had zero knowledge in IT, it was miserable. TAS is more finance/banking.
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