5th Year Summer Analyst Recruiting or Big 4 Valuations?
I have an offer from a Big 4 valuation group. However I really want to do IB. I am about to complete my 5th year in a masters in accounting program and am thinking about turning down the Big 4 offer in order to recruit for a SA spot.
I was never able to recruit with investment banks since I was banned from OCR - due to accounting internships I had already committed to.
Will recruiters see me as damaged goods since I will be graduating before my internship and also since I will be 2 years older than most other candidates?
My info: I am graduating in May 2013 with a masters in accounting, I will have my CPA, a 3.75 GPA, and I go to a large school in TX.
Turning down a guaranteed full time offer for a well-respected programme at a well-respected company which often feeds directly into IBD for a chance at an internship with absolutely no guarantee of any kind of job at the end of it doesn't sound like a good decision to me.
What is to stop you joining the valuations group, killing it there for 1-2 years then lateralling over to IBD either as a 2nd/3rd year analyst or even 1st year Associate?
This, in case you wanted a second opinion. You'll get a decent salary, tons of networking opportunities, and a chance at having something like work-life balance. 2 years down the road, make the jump to IBD or to the buyside, CPAs are in high demand
laughed my ass off
Please don't give the OP the impression that he'll have an easy time switching to IB or that CPAs are in high demand for buyside roles.
Interviewed for a lateral spot in the restructuring group at 2 different big4's recently. None of the junior people really seemed excited about being there. I assume its the same (but most likely worse) in their valuation group.
You will have to network like a mofo to get out.
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