PwC Transactions Services Group
Anyone have any insight on PwC's Transactions Services practice, specifically in Washington, D.C. if possible, but any insight would be great.
Just wonder what the practice is like in general, is it geared more towards finance, accounting, or a decent weight?
Any other information would be greatly appreciated.
If the subdivisions of the US firm are mapped like PwC in Europe, then TS includes CDD and FDD services and is the external brand for a subdivision of "Deals".
Basically its all due diligence work from a commercial and financial perspective. FDD is more accounting and finance related work whereas CDD is more finance and strategy.
Interned there in NY over the summer... PM me I'd be happy to answer questions.
It's a good mix of both... accounting-related finance. Lots of valuation/modeling for accounting purposes.
I am interviewing for Transaction Services Valuation Associate in Boston on Friday, is there a one or two sentence description of the role you think sums it up.
This is my understanding so far; due diligence for mergers and acquisitions
TS technically resides in their Assurance practice; expect lots of financial due diligence. Verification of balance sheets. That sort of thing. Don't expect groundbreaking valuation or financial analysis. You aren't there to generate investor insights, you're there to verify accounting and finance practices.
Between finance and accounting, more of the latter.
PwC Transaction Services-Valuations? (Originally Posted: 09/07/2015)
Hi,
Can anyone shed some insight to this group? I am a senior at a semi-target and was given a FT offer for this group and have until Friday to decide. I interned in audit this summer so I never actually worked in this group. What is the work like and quality of life? What are the exit opps for this group? I know some people seem to say it is possible to go to IB or PE, but how often is that and what are more realistic exit opps coming out of this group? I am still hoping to interview with MM & Boutiques banks, but not sure if I should just accept this offer now and not risk having no offers.
Thanks
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bump
I assume if you work hard, nothing is impossible. Try to switch into M&A or Finance Advisory if possible; it's more front-office-type work. The thing is, with TS you have some chance to work on more deal-type work but it's also a mix of FDD - a bit of a tossup depending on staffing. M&A Advisory is mainly post-merger integration or due diligence, but if you can get on some good deals then you'll have quite a bit of opportunity and experience to throw on the resume. Btw, if you'll be in DC, is this for the public finance industry group?
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It's like any other valuations group at an accounting firm. The group has its own clients as well as audit supports (verify valuations done by other companies), very modelling intensive which can help if you want to transfer to IB. I think depending on where you are, PwC actually works closely with the strategy team, so you might work on some pre-deal stuff like fairness opinions, but I think that's really just for top performers. Really solid plan B and beats audit by miles. I would def. take it if you have nothing else (duh). Some kids in audit would kill for this position.
@vthokirsaa, you have reflected N/A for the insights provided by chicand- As such, has your experience have been otherwise? What's the main concentration of work that you have experienced/perceived? Of course working with past historical information of target, but have you experienced any prospective projections in the line of work you have been? (Specifically for TAS FDD with PwC)
On another note, I have an interview lined up with TAS FDD group with PwC - would you mind sharing your experience of what you have been through, if this question is applicable to your experience? (i.e. case study, fit question, how many ppl, how many sessions of interview, etc.) any feedback would be awesome and greatly appreciated.
Many thanks.
Our firm just hired someone from EY TAS Business Valuations - he spent 2.5 years there. He did a nice job at keeping a relationship/network with all the firms EY served.
Also, I agree with Mongonese. I know many audit and assurance kids who would kill to work in TAS or CF.
Good Luck!
thanks for the advice
No insights in the area you describe but there are lots of different services within TS. Financial Due Dilligence: book reviews for M&A corporate finance: dealmakers which operate like mid-market investment bankers (high deal flow, small-mid deals) Delivering Deal Value: includes Post Merger Integration, IT Due Dilligence, Operational Due Dilligence for pre-and post deal suppor Business Restructuring Services: doing rapid turnarounds for businesses facing bankrupcy Commercial Due Dilligence: strategy/market reviews often for private equity houses or companies looking to buy/sell themselves Strategy/Economics: typical strategy consulting stuff Valuations: determining the value of companies in a deal environment
PwC Transaction Services (Originally Posted: 01/07/2008)
Does anyone know its rep? Obviously PwC is great for accounting, but what about their corporate finance, which is part of transaction services?
This group isn't doing as much corporate valuation as you might think. The TS group is made up of 5 groups including tax, audit, due diligence and a couple other groups. Focuses a lot on purchase price allocation and the skills are not transferrable to IB at all. That being said, PwC's Transaction Services group is on par with E&Y's Transaction Advisory Services group as the best of the Big 4.
What group at a firm like PwC would the skills learned bes transfer over to IB? I know PwC has a Corporate Advisory and Restructuring group. Would this be more applicable?
My friend is at KPMG TS and is enjoying it, post mba. Lots of travel, clear career path... the bonus is capped at 50K though... circa 80 K to 90 K salary I think.
Do you know how much your friend travels per week?
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