Big 4 >>> Investment Banking

Which of the following Big 4 service lines have the best probability of exiting to IB:

  • Transaction Advisory Services
  • Infrastructure - Commercial Advisory & Transactions
  • Enterprise Deals (mid-market deal services). This includes financial modelling and sell-side M&A services 

Appreciate any advice you can provide!

3 Comments
 
Most Helpful

Generally speaking, Big 4 CF offers the best exit given you practice all the skills and responsibilities required of an analyst in IB. This means anything from modelling, developing the model with the client, co-ordinating different DD streams, origination, bidder meetings, through to close etc. Unsure one what the third bullet is but this seems to be representative of a B4 CF team, however be careful as some B4 teams have modelling teams who really only perform fairness opinions and audit support - neither of which is representative of the deal life cycle. 

TAS gives you exposure to the M&A process, you will be liaising with PE houses and IB's to produce a report that is ultimately circulated to potentially interested parties. However you'll build a somewhat specialised skillset as you will be working on only one work stream (FDD/TAS) in the deal process, and won't get exposure to deal origination and closing. 

Infra i'm less well versed in, someone else with better experience can help. 

Ultimately it depends on your end goal. If its M&A, then I would say 'Entreprise Deals' - although check in advance what this team actually does, secondly TAS and thirdly Infra. If you want to work in Infra then the reverse is true.

 

Thanks for the insight.

The third bullet (Enterprise Deals - mid market) includes the following responsibilities:

  • Financial due diligence and commercial advice
  • Sell-side M&A services including Vendor assist and Vendor due diligence
  • IPO / Capital markets reporting
  • Sale and Purchase Agreement support
  • Synergy assessment
  • Integration assistance
  • Financial modelling and strategic growth

I suppose this is the closest thing to CF of the service lines I provided?

 

Laudantium quia quia vitae. Veniam atque ducimus et quae. Magni recusandae numquam occaecati voluptates cumque. Qui sapiente blanditiis perferendis voluptatibus accusantium ab quae earum. Beatae eius perferendis accusantium voluptas accusamus omnis similique. Eos dignissimos non sapiente cum.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
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
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”