Big 4 or JPM to IB
Hi,
I'm 20 yrs old and currently finishing my last semester at Rutgers Business School with a Accounting/Finance degree and currently I have an two offers, one from PwC in Tax [Not Financial Services] and the other is in JPMorgan Chase Internal Audit either in [IB, AM, TSS, or Technology audit].
Currently, working towards CPA but I really want to get into IB role. I am looking to get a MBA in finance or a Masters in Quantitative Finance.
If I stay with PwC Tax, I could try and get into Transaction Services or M&A. if I go with JPMC, I could get into internal audit in IB and try and get into IB from there
So with that being said, in which direction do I have the best chance of getting into IB?
Thanks in Advance!
I think JP Morgan Chase seems better than Big 4. Most likely, compensation there will be higher than in PwC and also the chances to break in into the IB increase significantly while working in an investment bank rather than the accounting firm. Good luck!
I would definitely say JPM.
Just curious, what is the compensation difference between those two offers?
JPM hands down if you can be certain you will be covering IB. Stay away from Technology Audit. That said, it's not an easy jump to make and you should immediately begin preparing a contingency plan if transferring internally doesn't work out (read: sweeten your MBA applicant candidacy).
Usually audit moves over to transaction, not tax.
I don't see how a CPA or Quant Finance degree will help you with a career in IB? You need to think through what you are doing and why you want to do IB.
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